The Livepeer network serves as the video infrastructure for developers to power their live streaming applications. Video streaming represents over 80% of the bandwidth used on the internet, and traditional video infrastructures present high cost barriers for startups and developers to build new streaming platforms. LPT is Livepeer’s native work token and is used in the following functions: Protocol Incentivization: Users can earn LPT tokens as rewards when they run a node or delegate towards node operators on the platform. Users also earn the fees paid in ETH through staking and node operation, both of which require LPT. Staking: Users may stake LPT tokens to secure the network from attacks, and earn staking rewards in LPT tokens. Governance: LPT token holders can propose and vote on network governance decisions. Dual Mining: Users who stake to run Livepeer nodes that are backed by GPUs, can also concurrently mine other GPU-based cryptocurrencies without disrupting their transcoding.