The decentralized video streaming platform Livepeer announced a significant rise in its network participation rate to 50.4%. This milestone is expected to lead to a decrease in network inflation and strengthen the token economy.
Declining Inflation Bolsters Token Economy
Livepeer's announcement via X emphasized that surpassing the 50% participation rate marks a major milestone in the network's operation. Consequently, network inflation is expected to decline, leading to a more stable token economy. This reduction guarantees more balanced long-term rewards for network participants and maintains sustainable incentives.
LPT Price Surge Following Milestone Achievement
Following these developments, Livepeer's main network asset, LPT coin, demonstrated significant strength. According to CoinMarketCap data, the altcoin's price surged over 30% within the last 24 hours, reaching up to $8.54. At the time of reporting, the price slightly retracted to $7.9.
Future Prospects for Livepeer
Surpassing the 50% participation threshold also signals the sustainable growth of the network. The protocol is approaching its primary goal of providing decentralized video streaming services through a scalable and secure infrastructure. High participation levels are expected to accelerate the achievement of this goal.
In conclusion, Livepeer is showing notable progress in its network's development, impacting both the token economy and platform security.
