Justin Sun’s P2P Streaming Service Acquires eSports Platform DLive; Launches BitTorrent X

BitTorrent Inc, the popular peer-to-peer data sharing protocol and app, has acquired the well-known decentralized streaming platform DLive. The firm also announced that it will roll out the decentralized DLive platform to its newly established BitTorrent X ecosystem.

The BitTorrent X ecosystem consists of a popular file-sharing system called BitTorrent File System (BTFS) along with a BitTorrent client, which would be utilized to deliver different services to users in the ecosystem.

BitTorrent was developed as a P2P data sharing protocol back in 2001, and ever since its establishment, it has managed to garner over 2 billion users around the world up until now.

BitTorrent was later acquired by Justin Sun, CEO of Tron, in 2018 and since then has become an integral part of the Tron ecosystem. The file-sharing system of BTFS is especially actively utilized by TRON blockchain and DLive as a decentralized storage solution.

Justin Sun, the founder of TRON and CEO of BitTorrent, commented on the newly launched BitTorrent X ecosystem,

“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.”

DLive To Help in Expanding BitTorrent X Ecosystem

DLive decentralized streaming services have grown rapidly over the years and currently boast over 7 million users and over 200,000 content creators. Pewdepie, a very popular and most subscribed YouTuber, is one of the platform’s famous content creators. With decentralization being the ongoing trend and growing censorship from a mainstream platform like Youtube, many popular content creators are looking to join decentralized platforms such as DLive.

Charles Wayne, CEO of Dlive, commented on their acquisition by BitTorrent Inc and 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.

Together with the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space and create value for our global community.”

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Author: Hank Klinger

Justin Sun’s BitTorrent Onboards Largest Decentralized Live Streaming Platform DLive

  • On December 30, BitTorrent made the announcement that the blockchain-based platform DLive is going to join its ecosystem.

This partnership will give BitTorrent’s monthly active users, who are more than 100 million, the opportunity to share peer-to-peer content and to live stream. This is what the CEO of BitTorrent, Justin Sun, had to say about decentralized content platforms:

“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 Hosts PewDiePie and Other Famous YouTubers

Launched almost 2 years back, DLive already has 5 million users that are active every month, plus an interesting live streaming lineup of YouTube celebrities that use it for co-streaming. These celebrities include PewDiePie, James Charles, Ninja, and Jack Black. Sun said DLive is a leader in the blockchain-based live streaming world.

DLive’s Account Systems Will Merge with BitTorrent’s

In order to integrate communities further, the DLive account systems will merge with BitTorrent’s. BLive, which is a BitTorrent live streaming platform launched at the beginning of 2019, is going to migrate and merge with DLive, while DLive will introduce ads for their services and products into the BitTorrent networks.

DLive Is Going to Migrate to the TRON Blockchain

The collaboration will have DLive migrating to the TRON blockchain. TRON was acquired in July 2018 by BitTorrent to create the largest file-sharing decentralized protocol. Currently working on the Lino blockchain, DLive will continue to support Lino until it has completely transitioned to TRON.

However, the LINO cryptocurrency DLive is using to pay content makers is no longer going to be the main unit of value. DLive will offer rewards and benefits to its existing users that make the transition into the BitTorrent ecosystem by using BitTorrent’s BTT cryptocurrency. The BitTorrent Filesharing System (BTFS) will be used by DLive as well.

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Author: Oana Ularu

BitTorrent To Start BLive Internal Testing Of Its Social Streaming Platform

BitTorrent, the largest P2P sharing network of the world, has recently announced that the internal testing of its social streaming platform was about to start. While an official date was not unveiled, the process is set to start within the next few weeks.

According to the Tron-owned company, the new feature will be important to empower users who want to connect with others in the network. They can create live video content, express their creativity and even gift the people they admire with tokens.

The platform, which is called BitTorrent Live (or BLive) will have a video streaming program and a messaging system. BTT tokens will be used to make payments or donations within the ecosystem. This way, people will be rewarded by the quality of their content. If they produce something interesting, the system will allow their fans to tip them quite easily.

The users will also be able to withdraw or deposit tokens in any place in the world without having to pay any kind of transaction fees. This is set to enable them to make easy cross-border transfers.

BitTorrent Live is set to be a disruptive platform that intends to change the way that people deal with live streaming. It wants to decentralize how this market works so that people will have more freedom to consume media.

It was also affirmed that the company will release its testnet soon, although no date was set at the moment.

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Author: Matthew North

Tron’s BitTorrent Shares Details of Fifth Airdrop as Weekly TRX Report Touches on Key Developments

Tron’s BitTorrent Shares Details of Fifth Airdrop as Weekly TRX Report Touches on Key Developments

The BitTorrent token by Tron has climbed the ranking ladder of the CoinMarketCap. We should expect to see the fifth airdrop by the foundation; this should be by June 11th.

The holders of the token will be able to receive a part of the 990,000. On February 11th the platform organized its very first airdrop, at this time the Tron block height was at about 6.6 million.

During this period, about 1.1% of their total supply was airdropped, this is about 10.890 billion BTT, and from this, the company announced there should be another 12 more airdrops to expect.

‘’Are you ready for our 5th #airdrop? On June 11th at 00:00 UTC we will reward TRON $TRX holders with 990,000,000 $BTT. Learn more about our airdrop program, and the exchanges & wallets supporting it!”

The ecosystem is welcoming the new developments to help increase adoption of the token

The BTT ecosystem is excited about the latest developments that are taking place as it will increase the adoption of the token. The company has ensured they have made the token available on BitTorrent and uTorrent for their users.

BitTorrent Speed is another application that will be able to see the launch being done very soon. As a user, you will be able to gain the BTT in exchange for bandwidth and seeding, this will go a long way in enjoying faster downloads.

However, the application was lacking adequate clarification on how users will be able to earn more BTT; thus, it did not impress the users with the promised speeds.

As a result, the BTT fell by about 7.68%, which got valued at $0.011, having a market cap of about $250 million. It was noted the 24-hour trading was about $55.111 million, as this had fallen by 25.59% in just the past week and this continued dropping by 0.49% at press time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Decentralized Applications (DApps) On the Rise after BitTorrent File System Launch

DApps-On-the-Rise-after-BitTorrent-File-System-Launch

DApps On the Rise After BitTorrent File System Launch

One wouldn’t be wrong to say that the Cryptocurrency ecosystem is garnering daily adoption across the globe, this recognition is not only because of digital currencies are seamless and more comfortable means of holding assets, but because of the numerous problems that their applications have been able to solve. However, the crypto space appears to have shifted its focus form promoting and giving the impression that crypto assets could help integrate its applications into solving various real world problems.

A major area of concern has been that of Decentralized Applications [DApps] and one of the companies that have been a key advocate of the DApp advancement has been the Tron Foundation.

According to the recently released DApp weekly report by Tron Foundation:

“The number of #DApps on #TRON continued to grow this week. 55 new DApps were added with a growth rate of 14%. The total number of DApps on TRON is 447.”

DApps Dominate

Gambling applications turned out to be the major contributors among all the Decentalized Apps, after moving up by 44 from the last week. The report also indicated that utility DApps came closest to that of gambling after they moved were up by 9.

“Up to 1000 smart contracts have been deployed on Tron and TRX has made it back to top 10 cryptocurrencies by market cap. Let’s look forward to a decentralized network that is more open and reliable.”

Tron, had climbed to the tenth position on the charts at mid-week, however, it dropped out of the top 10 ranking as its prices fell. At present, Tron is holding the twelfth position on the charts. The crypto asset trades for $0.031 with total market capitalization of $2.1 billion. As indicated by Tron, prominent information site Coinstats included exchange pair insights for the TRXMarket while expecting to survey the performance of Tron’s blockchain and its effective utility.

BitTorrent File System Launch

Notably, the Justin Sun owned company recently made the media spotlight when one of its acquisition, BitTorrent, introduced the BitTorrent File System [BTFS].

Sun revealed that BTFS adhered deeply with the essentials of making a decentralized web or Web 4.0 with the goal that every individual across the globe could enjoy the fortune web based commercial trading. According to Sun’s tweet:

“We’re creating a platform with BTFS, BitTorrent Speed blockchain integration and the BTT utility token to let users quickly and privately interact with each other around the world without a middleman or government intervention.”

All of Today’s TRON (TRX) Price Analysis, Chart Forecasts and Industry News

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Damola