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How to install Livepeer and start broadcasting/transcoding, fully decentralised.

matlemad

Published: 13 May 2018 › Updated: 13 May 2018How to install Livepeer and start broadcasting/transcoding, fully decentralised.

How to install Livepeer and start broadcasting/transcoding, fully decentralised.

For anyone who might be interested, here's a blueprint on how to get started.
https://github.com/livepeer/wiki/wiki/Blueprint:-set-up-a-broadcasting-node-using-Livepeer-and-OBS

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Livepeer is a decentralised live-streaming protocol built on the Ethereum Blockchain.
There's an interesting reward system based on tokens (LPT) that allows you as a broadcaster
you actually decide to "bond" or stake LPTs into one transcoder you like
(transcoders work for broadcasters, they process the A/V signal into the various formats plus extra stuff).

This "bonding" is like an endorsement. A stars-rating system if you prefer :)
LPT are yours, and you can withdraw them at anytime.
By endorsing a transcoder, you raise its popularity. The transcoder then shares with you a cut of the "revenues".
And your LPTs grow.

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The platform is still growing, the RoE (rules of engagement) of social interaction are slowly forming, hopefully mostly user generated ones. So altogether a quite exciting environment to be in, to start using and observing!

Have Fun!

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