Introduced in 2017, Livepeer stands out as the pioneering live video streaming network protocol that operates entirely in a decentralized manner. Its objective is to establish a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for both existing and emerging broadcaster entities. For a comprehensive understanding of this initiative, explore our in-depth analysis of Livepeer. As articulated in the official Livepeer whitepaper, the live video streaming and broadcasting sector is experiencing rapid expansion, prompting the company to capitalize on this growth by introducing decentralization into the landscape. Livepeer seeks to streamline the broadcasting workflow by enabling producers to submit their content onto the platform. Subsequently, Livepeer manages the tasks of reformatting and distributing the content to users and streaming platforms.