BitTorrent buys DLive streaming service

Protocol announced the purchase of DLive, a blockchain-based streaming service.

The data transfer protocol BitTorrent has bought the streaming service DLive

This can be read in a press release published on October 23 by the company, which was founded in 2001 and which Justin Sun acquired in 2018. The founder of the TRON protocol has also announced the new BitTorrent X ecosystem. A detailed video conference is planned for November.

The BitTorrent protocol was soon used by social networks such as Facebook and Twitter. The new ecosystem with the addition of „X“ should, however, offer all of the company’s services in a decentralized manner, i.e. be based on a blockchain. The underlying cryptocurrency will be the blockchain’s own BitTorrent Token (BTT). In addition to data distribution, decentralized data storage will also be possible there. DLive will take on the task of live streaming of eSport content. The platform has been a strategic partner of the American data transfer giant since December 2019.

Bit torrent X competition for the establishment?

BitTorrent X is the next step in creating a truly decentralized internet.

BitTorrent CEO Justin Sun is sure of his successand would probably answer the question with a clear „Yes!“ In the company itself, however, not everything is running smoothly . About five senior employees left the company in 2018 in a dispute about the future of the company.

The YouTuber PewDiePie advertised DLive in April of last year. With 107 million subscribers now, he is one of the largest YouTubers and social influencers worldwide: Back then, he signed an exclusive live stream contract. In contrast to centralized services such as YouTube or Twitch, the blockchain solution gives gamers most of the income they generate.