Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem.
Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users.
DLive was launched about 2 years ago and has over 5 million active users monthly; and a passionate live streaming community. In April 2019, one of the world’s most famous YouTubers, PewDiePie, conducted his first live stream on DLive. PewDiePie has since co-streamed on DLive with famous YouTubers like Ninja, James Charles, and Jack Black.
Sun explained that DLive is one of the leading blockchain-based platforms for live streaming.
DLive will merge its account systems with BitTorrent’s to further integrate the communities. For example, BLive, the live streaming platform introduced by BitTorrent in early 2019; will migrate into DLive. Joining the teams together.
DLive will also advertise their products and services on BitTorrent networks to generate awareness for decentralized content sharing.
Creating a truly decentralized content sharing platform.
DLive, which currently runs on the Lino blockchain, will migrate to the TRON blockchain as a result of the collaboration. TRON acquired BitTorrent in 2018 to merge the systems together, in an effort to create the world’s largest decentralized protocol for file sharing.
DLive will continue to support the Lino blockchain until the transition to the TRON blockchain is complete. While the Lino blockchain technical infrastructure will be integrated into BitTorrent, the LINO coin cryptocurrency used by DLive to pay content creators will no longer be the fundamental unit of value in the new ecosystem.
To facilitate the integration of BitTorrent’s BTT cryptocurrency into the existing DLive ecosystem, DLive plans to offer benefits and rewards to existing users to transition from the Lino blockchain onto the BitTorrent ecosystem.
Moreover, Sun noted that the BTFS network is completely free of a centralized authority, enabling DLive to becoming truly decentralized moving forward.
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 developers 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 to Cointelegraph that the BTFS network will launch in Q1 of 2020.