A computer (node) has been set up to run video transcoding software as part of Livepeer.
The objective is to raise additional funding for ETHBerlin
If you your Livepeer Tokens (LPT) to this node, then the following will happen:
If you don’t have LPT, you can find out how to get some below.
What is ETHBerlin?
How you can support ETHBerlin
If you are a holder of Livepeer Tokens (LPT), you can follow this link to the ETHBerlin Node on Livepeer’s Protocol Explorer, and select in the top left, then follow the instructions
Please note, you will still be in full control of your bonded LPT, and can bond to another node whenever you like, or withdraw your LPT (with additional rewards).
If you are not a holder of Livepeer Tokens (LPT), you can earn Livepeer Tokens by helping to distribute some of the tokens to the community using this dApp in Livepeer’s Protocol Explorer.
How does it work?
Every day, new Livepeer Tokens (LPT) are generated by the network, to reward active nodes.
These new LPT are shared between all the active nodes in the network, proportional to the amount of tokens each active node has bonded to it.
What is Livepeer?
Livepeer is a project to create a decentralized system for livestreaming video, based on a delegated-proof-of-stake protocol running on Ethereum’s blockchain. The system is made up of a distributed set of nodes running Livepeer’s transcoding software.
Transcoding is the process of receiving video content in one format (e.g. 4K video = 3840x2160 pixels) and processing it to make it accessible to less-powerful devices with slower internet connections (e.g. 144p = 256x144 pixels)