BitTorrent Inc., a leading provider of peer-to-peer (P2P) technology, announced plans to acquire DLive.tv, a live streaming platform, and migrate all BitTorrent-related services to a unified ecosystem, BitTorrent X.
BitTorrent X represents the transformation of BitTorrent Inc., a world-renowned partner service from a software company to a conglomerate of decentralized storage protocols and data and content distribution platforms. The BTT cryptocurrency supports the integrity of BitTorrent X utilities and services.
BitTorrent Inc Evolution Over the Years
BitTorrent, as a data transfer protocol, is used by more than 2 billion users and several tech giants such as Facebook, Twitter, and Blizzard. It inspired the Bitcoin design and decentralization movement.
Justin Sun, the founder of TRON Network, acquired the platform in 2018 and continues its current business. Meanwhile, the company is looking for more opportunities to work with BTT cryptocurrency. It hopes to bring mass adoption of blockchain and cryptocurrency.
BitTorrent X represents a new era of the platform, not only as a household name for data sharing but also as a unique ecosystem supported by a next-generation infrastructure for decentralized storage (BitTorrent file system or BTFS), distribution (BitTorrent) and now streaming (DLive.tv) and a decentralized live streaming protocol, the DLive protocol).
Justin Sun commented earlier that BitTorrent X is the next step in creating a truly decentralized Internet. In a single giant leap, the BitTorrent X ecosystem could bring 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 on the web.
A Fresh Start for DLive.tv
Charles Wayne, CEO of DLive, said that the acquisition marks a new beginning for DLive.tv. “We are excited to join forces with the BitTorrent ecosystem to provide more innovative solutions to empower content creators and reward the community. Together with the BitTorrent team , we hope to bring destructive innovation to digital media while creating value for our global community. “
In December 2019, DLive entered into a strategic partnership with BitTorrent to continue the decentralization path. BitTorrent Inc. today announced that it has officially acquired DLive.tv, one of the world’s leading esports live streaming platforms with seven million active users and more than 200,000 active content creators.
With the official acquisition of BitTorrent, DLive has become an integral part of the BitTorrent ecosystem with important milestones. Its journey started in December 2017 when it launched a beta version of the Steem blockchain. The following year it migrated to the Lino blockchain test network. Recently, DLive announced a partnership with Casper to sponsor the PUBG Lite tournament in Turkey.
TRON and BitTorrent plan to provide more details about BitTorrent X during a live event scheduled for November.