Livepeer is an open-source video infrastructure platform designed to support developers in building applications that include live and on-demand video functionality. Leveraging blockchain technology, Livepeer provides a decentralized and scalable solution for video streaming, which reduces costs compared to traditional centralized providers. The platform enables video transcoding by allowing users to share processing power within a decentralized network. Livepeer is particularly geared towards projects where reliability, scalability, and cost-efficiency are crucial.