TRON CEO & Co-Founder Justin Solar introduced that BitTorrent, part of the TRON ecosystem, has acquired the blockchain-powered video streaming platform DLive. In a Twitter thread, Justin stated that they’re planning emigrate all BitTorrent companies to a unified ecosystem known as BitTorrent X, which shall be powered by BTT.
Main @BitTorrent Announcement!
(1/8) @BitTorrent right this moment introduced the acquisition of dwell streaming platform, @OfficialDLive and plans emigrate all BitTorrent associated companies to at least one unified ecosystem named BitTorrent X powered by #BTT.
— Justin Solar🌞 (@justinsuntron) October 22, 2020
BitTorrent is a decentralized file-sharing software program community that was acquired by TRON a few years in the past. Since BitTorrent has gone below a radical overhaul below Tron Basis and Justin Solar. Additional within the thread, Solar added that BitTorrent X would mark the platform’s transformation right into a conglomerate of decentralized storage and content material distribution networks.
DLive is among the main dwell video streaming functions based mostly on blockchain. Initially constructed on the SEEM blockchain, DLive migrated to the TRON community earlier this yr. In April 2020, DLive had launched BTT staking on its platform to allow incentives for the neighborhood, a few months after BitTorrent started dwell DLive streams in its software.
BitTorrent X will probably be a platform for next-gen decentralized storage infrastructure and knowledge protocols. Solar additionally knowledgeable that the BTFS and the dwell streaming community could be unified below the brand new platform for constructing a decentralized web. All of those efforts are being made to make blockchain accessible to a bigger viewers, and additional particulars relating to the brand new platform will probably be shared in a dwell occasion that will probably be streamed on DLive in November.