Livepeer is a decentralised video streaming network built on the Ethereum blockchain, launched in 2017 by founders Doug Petkanics and Eric Tang. Its primary purpose is to provide cost-effective, reliable, and scalable video streaming services by leveraging blockchain technology. Livepeer allows developers to integrate live or on-demand video into applications with reduced infrastructure costs and no reliance on centralised servers. Through its innovative token-based incentive structure, the Livepeer Token (LPT), participants are rewarded for contributing computing resources, thus facilitating a decentralised and efficient video encoding and distribution system. Livepeer stands out for its capacity to revolutionise video delivery by introducing transparency, lower costs, and increased reliability in the ecosystem, enabling new possibilities for developers and businesses globally.