Last week the big milestone was the open sourcing of the Livepeer Protocol. These are the smart contracts that enforce the security of, and provide economic incentives for, the Livepeer protocol as defined in the whitepaper.
It’s a work in progress, but it hit the first milestone, which we were calling “Mintable Token”. The protocol now supports these steps:
- Livepeer Token
- Protocol Smart Contract with protocol parameters and initializer
- Transcoder election rounds
- Reward function and associated transcoder state tracking
You can follow along with the next development tasks on these weekly updates, and in the issues.
P2P Video Distribution
Last week also included the beginning of a spike towards testing the Peer-to-peer Streaming Peer Protocol (PPSPP) for delivering live video streams not just from one upstream peer, but from a swarm of many connected peers. The idea here is that we want to be far more resistant to churn and slow connections amongst peers than our current proof of concept implementation provides. Stand by for more details as we continue the test.
I will be in Berlin next week for a developer event, so if you’re interested in decentralization, blockchain, Ethereum, or live video streaming, and you’re located in Berlin, don’t hesitate to reach out and get in touch. I’m looking forward to attending the Berlin Ethereum Meetup on Thursday night, June 15.