What is Consensus Networks?
Simply put, blockchain infrastructure is what we do. We create custom, blockchain dedicated infrastructure optimized to the needs of developers. Our truly distributed network offers military grade security as well as high throughput, low latent connections to provide developers with the support they need.
We are excited to bring our LedgerOps expertise to Livepeer and are eager to serve you as a Transcoder!
What is Livepeer?
Livepeer is a decentralized, peer-to-peer video streaming and broadcasting platform.
Livepeer is designed for developers who want to incorporate live or on demand video into their applications and be able to stream them across all devices.
Leveraging blockchain technology and crypto-economics, Livepeer aims to create an open-sourced, cheaper platform. Livepeer provides a more scalable video streaming infrastructure with no single point of failure.
What are Transcoders?
As a transcoder, we take care of the back-end technical work to broadcast video across all formats so you can focus on developing.
We convert your video streams into the many different formats required to reach your viewers and participate in Livepeer's Truebit-based verification protocol.
Let us contribute our server-power and networking expertise so you can build the streaming applications that define Web 3.0!
Rewards
We are extremely thankful for those choosing to stake to us as a Transcoder and want to show our gratitude for the support by sharing our rewards with you!
Consensus Networks will only take a 10% rewards cut and share 35% of the fees with our stakers. Read a more detailed description of what these rewards systems will look like below!
Technical Specifications for Our Transcoder
We understand the responsibility we have to the Livepeer Community as a Transcoder to support and maintain the network at all times. Therefore, we will be providing robust networking solutions to meet the needs of Livepeer developers and offer constant support from our LedgerOps experts. Our Transcoder has the following specs:
- 4 cores @ 3.4 GHz,
- 8 GB RAM,
- 500 GB SSD,
- 100 MB internet. As a blockchain dedicated infrastructure provider, Consensus Networks has the ability to leverage both cloud and physical hardware environments. Initially we will utilize cloud-based infrastructure to host our Transcoder, but plan to transition everything onto physical hardware in our tier 4 data center in the near future. We believe this is a necessary approach in order to maximize security and network uptime as the Livepeer Network grows.
Price and Rewards
Consensus Networks will only take a 10% rewards cut, and share the remaining 90% of the rewards with those staking on our transcoder. These rewards will be distributed proportionately based on how much you stake. So the more you stake, the greater your rewards!
Additionally, we will share 35% of the transaction fees we collect and set our price at 150 GWEI. We will also use a portion of our rewards cut to give back to the Livepeer community by creating an internal rewards pool. Of the 10% reward cut that we are taking as a transcoder, we will be allocating half towards an internal rewards fund for Livepeer developers using our infrastructure. More on how this internal pool will be awarded to come soon!
Are you ready? Click here to bond to us today!