BitTorrent Partners With DLive The Blockchain Live Streaming Platform

BitTorrent Partners With DLive The Blockchain Live Streaming Platform

Blockchain News
December 31, 2019 Editor's Desk
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BitTorrent, P2P filesharing giant BitTorrent declared on Dec. 30 that DLive, the blockchain-based live streaming platform, will be merging its ecosystem.Through this association, DLive will bring peer-to-peer content sharing and live streaming abilities to BitTorrent’s 100 million monthly engaged users. BitTorrent CEO Justin Sun told that following YouTube’s crypto-content ban, decentralized content platforms are the
BitTorrent

BitTorrent, P2P filesharing giant BitTorrent declared on Dec. 30 that DLive, the blockchain-based live streaming platform, will be merging its ecosystem.Through this association, DLive will bring peer-to-peer content sharing and live streaming abilities to BitTorrent’s 100 million monthly engaged users.

BitTorrent CEO Justin Sun told that following YouTube’s crypto-content ban, decentralized content platforms are the future.

“It’s unfortunate to see content platforms such as YouTube taking down crypto-related content. This is the issue with centralized agencies. Decentralized content platforms such as TRON’s newest partner DLive are the platforms of the future.”

DLive, which was launched almost two years ago, now has over 5 million monthly active users and a thrilling live streaming community. One of the world’s most popular YouTubers, PewDiePie, administered his first live stream on DLive in April 2019. PewDiePie has since co-streamed on DLive with popular YouTubers like Ninja, James Charles, and Jack Black.
Sun emphasized that DLive is one of the best blockchain-enabled platforms for live streaming.

“DLive is one of the best real-world examples of what is possible when you combine blockchain and digital media. DLive is a great solution for live media producers. Think of how valuable live streaming content is already too centralized social media platforms who take ownership and advantage of their users’ hard work. We look forward to DLive bringing value to the entire world with the addition of TRON and BitTorrent’s global community of passionate creators.”

DLive will consolidate its account systems with BitTorrent’s to combine the communities further. For instance, BLive, the live streaming platform launched by BitTorrent in early 2019, will move into DLive, uniting the teams together. DLive will also promote their products and services on BitTorrent networks to create awareness for decentralized content sharing.

DLive’s CEO, Charles Wayn, stated that he is looking forward to the collaboration.

“We are ecstatic to have the opportunity to be part of the BitTorrent ecosystem. I’ve watched them pioneer the digital peer-to-peer space. DLive’s goal of empowering creators and rewarding communities is one step closer to the amplification of this new venture.”

DLive, which is currently developed on the Lino blockchain, will relocate to the TRON blockchain as a result of the collaboration. TRON acquired BitTorrent in July 2018 to consolidate the systems to build the world’s most comprehensive decentralized protocol for file sharing.

DLive will continue to promote the Lino blockchain until the shift to the TRON blockchain is successful. While the Lino blockchain technical structure will be combined into BitTorrent, the LINO coin cryptocurrency utilized by DLive to reward content creators will no longer be the principal unit of value in the new ecosystem.

To facilitate the assimilation of BitTorrent’s BTT cryptocurrency into the prevailing DLive ecosystem, DLive intends to give perks and bonuses to existing users to transition from the Lino blockchain onto the BitTorrent ecosystem.

DLive will also apply BitTorrent’s new service for file storage, named as the ‘BitTorrent Filesharing System’ (BTFS).

According to Sun, BTFS is among the most notable decentralized protocols in the world and will make it almost impracticable to delete information from the internet.

Sun told that BitTorrent plans to collaborate with cryptocurrency influencers to illustrate how BTFS assures content remains online.

“We plan to work with crypto influencers, as many have experienced their content being deleted on YouTube, Twitter, Reddit, and other centralized platforms. As long as they use the BTFS network, it will be impossible to delete content, as everything is distributed across BitTorrent users’ computers globally.”

Moreover, Sun stated that the BTFS network is free of a centralized authority, allowing DLive to become truly decentralized moving forward.

“All the content on DLive is currently monitored by a dedicated team to ensure adherence to their community guidelines. This partnership takes us closer to our goal of making the TRON BitTorrent ecosystem a developer’s paradise. We want to bring all of our developer’s customized tools together with an engaged audience so they can share their projects. The same is true for DLive. We want DLive live streamers and content creators to have access to the largest peer-to-peer audience in the world, one that is free from a centralized authority.”

Sun revealed that the BTFS network would launch in Q1 of 2020.

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