BitTorrent To Start BLive Internal Testing Of Its Social Streaming Platform

BitTorrent, the largest P2P sharing network of the world, has recently announced that the internal testing of its social streaming platform was about to start. While an official date was not unveiled, the process is set to start within the next few weeks.

According to the Tron-owned company, the new feature will be important to empower users who want to connect with others in the network. They can create live video content, express their creativity and even gift the people they admire with tokens.

The platform, which is called BitTorrent Live (or BLive) will have a video streaming program and a messaging system. BTT tokens will be used to make payments or donations within the ecosystem. This way, people will be rewarded by the quality of their content. If they produce something interesting, the system will allow their fans to tip them quite easily.

The users will also be able to withdraw or deposit tokens in any place in the world without having to pay any kind of transaction fees. This is set to enable them to make easy cross-border transfers.

BitTorrent Live is set to be a disruptive platform that intends to change the way that people deal with live streaming. It wants to decentralize how this market works so that people will have more freedom to consume media.

It was also affirmed that the company will release its testnet soon, although no date was set at the moment.

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Matthew North
Matthew North
Matthew North is a freelance fintech writer from New Zealand. He became enraptured with digital currencies in 2017 and has been writing about them ever since.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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