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The proliferation of IP‑based surveillance cameras, live‑streaming webcams, and body‑worn devices has created a growing demand for reliable, low‑latency tools that can capture, archive, and analyze live video streams in real time. is an open‑source, cross‑platform framework that combines high‑throughput stream ingestion, on‑the‑fly transcoding, and modular analytics pipelines. Built on top of FFmpeg, GStreamer, and a lightweight Rust‑based core, LiveCamRIPST.v supports a wide range of container and codec formats, provides fault‑tolerant buffering, and exposes a RESTful API for remote control and metadata extraction. This paper presents the design goals, architecture, implementation details, performance evaluation, and a set of real‑world use cases that demonstrate the system’s suitability for security‑operations centers, broadcast monitoring, and scientific field deployments. livecamripst.v