Livepeer is an Ethereum-based video streaming network that aims to support creators by reducing costs for video creation. A major problem with videos is transcoding, or ensuring that every bandwidth and device gets the optimal viewing experience, which is very expensive. However, with Livepeer, orchestrators can set up their machines to share the load of transcoding and subsidize this cost. Today, Livepeer reduces overall transcoding costs by up to 50 times.