The infrastructure economics of Livepeer is mainly centered around the various roles involved in its operation. These include orchestrators, transcoders, delegators, and broadcasters.

Orchestrators: These individuals perform the actual work of converting video into a format suitable for broadcast. They are paid by the broadcaster and receive LPT tokens from the Livepeer network. To join the orchestrator node, one has to install software on their computers. Orchestrators must also stake LPT tokens on the platform as collateral to ensure their work is performed properly. If they are found to be behaving badly or cheating, the platform will reduce their stake.

Transcoders: Orchestrators are responsible for running transcoders, devices that take input video and convert it into a format ideal for outputting.

Broadcasters: Orchestrators are usually involved in the broadcasting of videos. They are also responsible for publishing the streams to the broadcaster, who then pays them in Ether. For instance, if Twitch wanted to send a video to an orchestrator before broadcasting it to end users, it would be considered a broadcaster.

Delegators: The delegators are individuals who stake their LPT tokens through an Orchestrator. They can’t participate in the network directly, but they can delegate them to an existing orchestrator to earn rewards.