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Livepeer (LPT) is a decentralized video streaming platform that leverages blockchain technology to provide an efficient and cost-effective solution for video encoding and streaming. By utilizing a network of participants, Livepeer aims to reduce the costs associated with traditional video infrastructure while empowering content creators with more control and revenue opportunities.
POL, previously known as MATIC, is the native cryptocurrency of the Polygon network, a layer 2 scaling solution for Ethereum. It aims to enhance transaction speeds and reduce costs, making decentralized applications (dApps) more accessible and efficient.