New and the Protocol's Path To Production - Weekly Update 12/17/2017


Check out the new web site!

While the animations and content are nice to look at, the real meat is hidden within the code and developer documentation which are featured.

Livepeer Protocol
The Ethereum Smart Contracts, which implement the first version of the Livepeer Protocol, are now feature complete. The steps for getting from here, to live in production, include:

  1. Write a technical specification for the protocol. This is an exercise that helps us find any gaps or weaknesses that weren’t initially considered, as well as to help internal and external auditors understand the expected behavior as they’re checking the code for correctness. We’ve seen examples such as The DAO and the Parity Multisig Wallet Bugs as to what can go wrong with smart contracts even with audits and testing, and Livepeer doesn’t expect to be immune from bugs either - which is why we’re planning a gradual rollout with ability to protect users while the protocol is being tested, in addition to taking these steps to identify issues ahead of time.

  2. Internal audits.

  3. External audits.

  4. Significant testing with both automated tests and real usage on testnets. This is, and will be, ongoing leading up to launch.

  5. Main net rollout.

Work on the spec is already underway.

A note on team and community
This week is great to have a couple visitors to the Livepeer HQ. Felipe Sant’Ana from the awesome Paratii Project dropped by to show us their new pay-for-content web video player and their Around the Block blockchain documentary preview. Livepeer is excited to collaborate with Paratii and all other web3 focused decentralized tech projects…especially ones related to video, media, and streaming.

And Chris Hobcroft, Livepeer’s Creative Director, visited the NYC based crew from Berlin. It was great working side by side after so many months just on Gitter and Github, and he’s cooking up some special stuff on the broadcasting/content side of Livepeer now that the network is almost ready to support continuous 24/7 streaming.

photo cred: Felipe Sant’Ana