Livepeer provides Transcoding services to customers around the globe.
Every person who live-streams video requires Transcoding as part of the process.
Choose A Role
Choose a role
There are 3 roles to choose from.
These roles are similar to a company where two roles (Orchestrator/Delegator) combine efforts to provide services to a customer (the Broadcaster).
A Delegator is similar to an investor.
They stake their tokens with an Orchestrator to earn a return. Delegators take part in rewards by choosing trusted Orchestrators. The higher the stake an Orchestrator has, the greater amount of work it will receive.
There are many benefits to being a Delegator, the main being minimal time and effort commitments. By choosing an Orchestrator that performs well and has fundamental principles that you agree on, you can earn and grow your investment.
With every opportunity, also comes risk. Delegators have the smallest exposure to risk, though if the Delegator chooses an Orchestrator that does not perform well OR attacks the network, the Orchestrator and Delegator may be liable for losses, such as slashing.
How To Become A Delegator?
There are lots of resources on how to get started. You can view the video series on becoming a Delegator by Titan Node, or visit the Livepeer Explorer and follow the staking prompts.
An Orchestrator is similar to operations of a company.
The Orchestrator is in charge of running a Livepeer node and provide services to Livepeer Broadcasters. They receive revenue for their efforts and share it with their Delegators.
Running a Livepeer node can be daunting, but not without its rewards. Orchestrators are the engine of the Livepeer network and can potentially earn the highest fees. They have a large amount of control and are core members of the network.
Running a Livepeer node can be difficult and may require a large amount of time and effort. Orchestrators must have a good understanding of networks. The ability to effectively run a successful node, will vary depending on your skill and knowledge.
How To Become An Orchestrator?
You can become an Orchestrator by reading the official Livepeer Documentation, follow a written guide by NicoV, or follow the video guide by Titan Node.
They pay Orchestrators for their Transcoding services and get access to the world largest resource of a decentralized network of GPUs.
Broadcasters are typically app developers.
Broadcasters benefit from 10x cheaper Transcoding services, infrastructure built on Web3 and a highly scalable solution to growing software challenges.
The major risk for Broadcasters is the initial switch over to a Web3 solution. This may require new systems and processes to handle live-streams to and from the Livepeer network.
How To Become A Broadcaster?
The easiest way to get started is using the Livepeer.com APIs. They have all the tools to get new customers up and running within the Livepeer network. You can also use the Livepeer docs to run your own Broadcaster node.