What are the benefits of Livepeer?

Could you please elaborate on the benefits of Livepeer? I'm curious to understand how it could potentially enhance the video streaming experience. What makes it stand out from other similar platforms? Could you discuss its scalability and cost-effectiveness? Also, how secure is the platform in terms of protecting user data and preventing hacks? Lastly, could you share any testimonials or success stories from users who have leveraged Livepeer for their streaming needs? Thank you in advance for your insights.