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A Searchable view would be ideal here
- Gateway
- Orchestrator
- Delegator
- Developer
- DePIN
- LPT
- ETH
- Transcoding
- Ingest
- Delivery
- Streaming
- Inference
- Model
- Pipeline
- World Model
- Agent
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title: ‘Livepeer Glossary’ sidebarTitle: ‘Livepeer Glossary’ description: ‘A comprehensive glossary of terms used in the Livepeer Real-Time AI & Video Network’A searchable view would be ideal here.
Terms not verified, brainstorm list only
Livepeer Core Terms
Livepeer Protocol
The protocol is the ruleset + on-chain logic governing:- staking
- delegation
- inflation & rewards
- orchestrator selection
- slashing
- probabilistic payments
- verification rules
Livepeer Network
The network is the actual running system of machines performing work:- Orchestrators (GPU nodes)
- Transcoders / Workers
- Gateways
- Broadcasters
- Verification processes
- Job routing
- Real-time AI & video compute
Protocol Actor
Protocol Actors are the main participants in the protocol who make up the core functions of thLivepeer Actor
A Livepeer actor is a participant in the protocol or network—human or machine—that performs a defined role such as submitting jobs, providing compute, verifying work, or securing the system.Network Participant
Same as Protocol Actor (..?)Livepeer Ecosystem
Ecosystem Partner
A complimentary company working with Livepeer eg Storage, Security, etc.Developer Platform
An abstraction layer on the livepeer protocol that provides tools and services for developers to use & build applications on top of Livepeer. Examples include Livepeer Studio, Daydream, and Streamplace.Actors & Network Roles
Gateway
A gateway is a Livepeer node operated by a user or organization to interact directly with the Livepeer protocol.Gateways submit jobs, route work to orchestrators, manage payment flows, and provide a direct interface to the network.
Not the same as hosted services like Studio or Daydream.
Orchestrator (GPU Node)
A supply-side operator that contributes GPU resources to the network.Orchestrators receive jobs, perform transcoding or AI inference, and get paid via LPT rewards + ETH fees.
Transcoder (Worker)
A worker process—often managed by an orchestrator—that performs the actual compute work (transcoding or AI inference).Delegator
A token holder who stakes their LPT to an orchestrator to help secure the network and earn a share of rewards.Developer
Anyone building applications using Livepeer, usually through hosted services (e.g., Studio, Daydream) or library SDKs.Developers only run gateways if they want direct protocol access.
Broadcaster (-> Gateway)
Deprecated TermSee Gateways A job submitter—often a user-facing service—that sends video or AI jobs into the network via a gateway.Verifier
A network component (protocol-level) responsible for validating work performed by orchestrators to ensure correctness.Protocol
The on-chain governance and incentive layer that coordinates orchestrators, staking rewards, inflation, slashing, and job payments.Core Network Concepts
Job
A unit of work submitted to the network: video transcoding tasks, AI inference requests, or real-time processing pipelines.Segment
A short chunk of video that is independently transcoded, enabling parallel processing.Ticket / Payment Ticket
Livepeer’s probabilistic micropayment mechanism used to pay orchestrators efficiently at high throughput.Rounds
Discrete time intervals (Ethereum blocks) used to calculate staking rewards and coordinate global state.Slashing
A penalty applied to orchestrators for misbehavior (e.g., failing verification or submitting fraudulent results).Inflation
The issuance of new LPT each round, distributed to orchestrators and delegators.Reputation
A measure of an orchestrator’s performance, reliability, and trustworthiness, influencing job routing and payments.Web3 Terms
Ethereum Address (Wallet Public Address)
An Ethereum address on the blockchain is a 42-character hexadecimal string that starts with 0x. It is derived from the last 20 bytes of the public key and is used to send and receive funds or interact with smart contracts.Block Timestanps
The Ethereum blockchain uses a block.timestamp field within each block, which is a 256-bit value representing the number of seconds since January 1, 1970, at 00:00:00 UTC (Unix time). This timestamp is used by smart contracts for time-dependent functions but is a network mechanism, not part of the address format.DePIN
“Decentralized Physical Infrastructure Network.”A network where physical or computational resources (GPUs, bandwidth, storage) are coordinated through crypto-economic incentives.
LPT (Livepeer Token)
The governance and staking token used for orchestrator selection, delegation, reward distribution, and protocol security. The Livepeer Token id deployed to the Ethereum Mainnet, however multipleTokenomics (Token Economics)
Main Definition: The study of designing economic systems for decentralized networks. This term is often used when describing both the protocol functions and which token incentives serve to create the optimal codified environment for the eficient operation of the network. Usage in Practice: This term is often used in multiple senses in web3, being used in both a macro economics sense (to describe high level actors incentives and their impact on behavior) and in a micro sense to describe inflation curves, token allocations, the tokenomics of a specific actor (e.g., orchestrator, delegator, broadcaster, etc.), token release schedules, etc.Game Theory
On-chain
On-chain refers to the data and operations that are recorded on the blockchain. In the context of Livepeer, it refers to the protocol layer that governs staking, delegation, rewards, and verification.Off-chain
Off-chain refers to the data and operations that are not recorded on the blockchain.In the context of Livepeer, it refers to the network layer that performs video transcoding, AI inference, and job routing, including orchestrators and gateways.