BitTorrent Inc., the firm behind the massively popular BitTorrent protocol and application, has announced the acquisition of the blockchain-powered DLive live streaming platform.
DLive will now be part of the recently established BitTorrent X ecosystem, which also includes the BitTorrent File System (BTFS), a service used for distributed file storage and retrieval, as well as the BitTorrent client, which will be used to provide these services and more. . to users.
Transition to BitTorrent X
Since the BitTorrent protocol was first developed in 2001, it has become the most successful peer-to-peer data distribution system. It has already been used by more than 2 billion users worldwide, including massive business users like Facebook, Twitter, and Blizzard.
The BitTorrent file sharing protocol also appears to be an inspiration that led Satoshi Nakamoto towards the development of Bitcoin (BTC), as described in a message posted by Nakamoto on the crypto mailing list.
After being acquired by TRON CEO Justin Sun in 2018, BitTorrent has gradually been integrated into the rapidly growing TRON blockchain ecosystem, with the BitTorrent file system (BTFS) now using the blockchain. TRON and DLive as a decentralized storage solution.
With the acquisition of DLive, BitTorrent is now ready to move on to the next stage of its expansion: the launch of BitTorrent X, an ecosystem made up of BTFS, BitTorrent (and μTorrent) applications, the BitTorrent token (BTT) and now DLive.
DLive is a leading blockchain-powered live streaming platform and currently has more than 7 million users and 200,000 content creators.
Some of its top creators include PewDiePie, tugaygokyt, and enesbatur, each of whom has hundreds of thousands of followers thanks to their popular live-streamed esports and gaming content.
"BitTorrent X is the next step in establishing a truly decentralized Internet," said Justin Sun, founder of TRON and CEO of BitTorrent. “In one big step, the BitTorrent X ecosystem can power blockchain-related tools to billions of devices. Hundreds of millions of users will have access to the next era of tools to share, store and transmit their content directly to anyone on the web.
According to the announcement, the BitTorrent X ecosystem will be powered by the BTT cryptocurrency, which is already used to incentivize users to share their storage space in BTFS, and can be wagered on DLive to earn rewards.
The deal is expected to allow potentially billions of users to access decentralized file-sharing and live streaming services, with the same simplicity and ease-of-use that users have come to expect from BitTorrent and TRON applications.
“The acquisition marks a new beginning for DLive.tv. We are beyond excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities. Together with the BitTorrent team, we hope to bring disruptive innovations to the digital media space and also create value for our global community. ”
The last few months have been full of news coming from BitTorrent and DLive. Last month, it was announced that TRON would now use the BitTorrent File System (BTFS) as the data storage solution for TRON nodes, making adding new nodes to the network much simpler and faster. In addition, DLive recently completed its 2 million Lemon #StayAtHome giveaway, helping support its viewers and streamers during the COVID-19 lockdown.