BitTorrent Acquires Blockchain-Powered Live Streaming Platform DLive

BitTorrent acquires blockchain-powered live streaming DLive platform as of lately and the platform will now be a part of the newly established BitTorrent X ecosystem that we will be reading more about in the blockchain latest news.

DLive will not be a part of the BitTorrent X ecosystem which includes the BitTorrent File system which is a service used for distributed file storage and retrieval like the BitTorrent client which will be utilized delivering these services to more users. Since the protocol was initially developed in 2001, it has become the most successful peer-to-peer data distribution system and it was used by more than 2 billion users globally like massive companies such as Twitter, Blizard, and Facebook.

The BitTorrent file-sharing protocol seems to be an inspiration that led Satoshi Nakamoto to the development of bitcoin as it was described in a message posted by Nakamoto on the Cryptography Mailing List. After being acquired by TRON’s CEO Justin Sun in 2019, BitTorrent got into the growing Tron blockchain ecosystem with the BitTorrent File system acquisition which is now being used by the blockchain and DLive as a decentralized storage solution.

With the acquisition of DLive, BitTorrent is now ready to move into expanding again with the launch of BitTorrent X which is an ecosystem comprised of BitTorrent, BTFS and BTT, the BitTorrent token, and now, DLive. DLive is a leading blockchain-powered live streaming platform that has more than 7 million users with more than 200,000 content creators.

Some of the top creators include PewDiePie who has thousands of followers thanks to their popular gaming live-streaming content. Justin Sun the founder of TRON said:

 “BitTorrent X is the next step in establishing a truly decentralized internet. In one big step, the BitTorrent X ecosystem may drive 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 stream their content directly to anyone across the web.”

According to the announcement, the BitTorrent X ecosystem will be powered by the BTT crypto-asset which is used for incentivizing the users to share their storage space on BTFS. It is expected that arrangements will allow users to access decentralized file sharing and live streaming services with ease of use. Charles Wayn, CEO of DLive said:

 “The acquisition marks a new start for DLive.tv. We are more than excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities. With the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space, and furthermore create value for our global community.
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