The Livepeer network relies on a group of users known as “orchestrators” to handle the needs of developers. These individuals have joined the network and traded their resources, such as their computers’ CPU, GPU, and bandwidth, for the LPT cryptocurrency. These users are referred to as video miners.

Developers who wish to use the Livepeer network to distribute and transcode content must pay for those services using the LPT token. It is also possible for them to become a delegate, which means they can earn a yield from the tokens they hold while helping secure the network.

Through the incentives offered by Livepeer, it aims to create a network capable of delivering low-cost and censorship-resistant transcode and video delivery. The LPT token is the central component of the network’s infrastructure.