how to add Livepeer to Coinbase wallet 2024

To add Livepeer Protocol (LPT) to your Coinbase Wallet, follow these steps:

What Is Livepeer Protocol?

Livepeer Protocol, represented by the ticker symbol LPT, is a decentralized video streaming network built on the Ethereum blockchain. It enables developers to create scalable and affordable video applications by leveraging a network of distributed nodes to encode, transcode, and distribute live and on-demand video content.

Steps to Add Livepeer Protocol to Your Coinbase Wallet

1. Ensure Coinbase Wallet App Update: Make sure your Coinbase Wallet app is updated to the latest version.
2. Launch Coinbase Wallet: Open the Coinbase Wallet app on your device.
3. Access 'Receive' Section: Navigate to the ‘Receive’ section within the app.
4. Search for Livepeer Protocol: In the search bar, type "Livepeer Protocol" or "LPT" to check for support.
5. Select Livepeer Protocol (LPT): If Livepeer Protocol is available, it will appear in the search results. Select it to view your LPT wallet address or QR code.
6. Copy Livepeer Protocol Wallet Address: Copy the wallet address or utilize the QR code for transactions.
7. Transfer Livepeer Protocol to Your Wallet: Use the copied address or QR code to transfer LPT from another wallet or exchange. Ensure compatibility with the Livepeer Protocol blockchain.
8. Wait for Transaction Confirmation: Allow time for the transaction to be processed, which may vary based on network congestion.
9. Verify Livepeer Protocol Balance: Once the transaction is confirmed, check your LPT balance in the Coinbase Wallet.

Conclusion

Integrating Livepeer Protocol into your Coinbase Wallet enables you to participate in decentralized video streaming and contribute to a more accessible and censorship-resistant internet. By following the steps outlined above, you can seamlessly add LPT to your Coinbase Wallet and support the growth of the Livepeer network.