When Tron had acquired BitTorrent, it had big plans for the peer-to-peer torrent platform which had more than a hundred million monthly global users. The most prominent one was the live streaming service. The plans are now taking a shape of reality as BitTorrent, today, announced the launch of its new BitTorrent Live streaming service.
BitTorrent now lets the user create live content
According to the latest medium article released by BitTorrent Inc., the platform which is a leader in peer-to-peer technology, has launched its new BitTorrent Live streaming service, which will now let customers create content and connect on mobile devices to people who share common interests. The same news was tweeted by Justin Sun who termed this launch as accelerating the decentralization of internet.
The official medium post also had a quote from Justin that read as
“Imagine chatting with your favourite athlete, becoming immersed in a music festival, or meeting new friends to share your passions — all by simply firing up the BitTorrent Live app,” “Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of a new content experience.”
This service will allow users to initially search for subjects that interest them, and then engage directly with the broadcasters to give instantaneous feedback and likes. The further plans with this service are that BitTorrent live, in days to come, will integrate blockchain technology that will return privacy and ownership to users and will also enable payments with the platforms utility token, BitTorrent (BTT).
While the service has been launched, it will be rolled out in different countries in phases. It will be available for beta testing download in Q2 2019.
This is not the first time BitTorrent has tried its hands-on Live Streaming services. In 2016 the platform had launched similar before shutting it down a year later.
BitTorrent Live news uplifts Tron and BitTorrent price by 5%
The news has bought joy to BitTorrent Token and Tron investor as both tokens are up nearly 5%. As the services roll out in various parts of the world, we can expect the prices to roll up further.
Will BitTorrent services bring fortunes to Tron and make it one of the top 5 coins? Do let us know your views on the same.
A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com