BitTorrent Inc, the popular peer-to-peer data sharing protocol and app, has acquired the well-known decentralized streaming platform DLive. The firm also announced that it will roll out the decentralized DLive platform to its newly established BitTorrent X ecosystem.
The BitTorrent X ecosystem consists of a popular file-sharing system called BitTorrent File System (BTFS) along with a BitTorrent client, which would be utilized to deliver different services to users in the ecosystem.
BitTorrent was developed as a P2P data sharing protocol back in 2001, and ever since its establishment, it has managed to garner over 2 billion users around the world up until now.
BitTorrent was later acquired by Justin Sun, CEO of Tron, in 2018 and since then has become an integral part of the Tron ecosystem. The file-sharing system of BTFS is especially actively utilized by TRON blockchain and DLive as a decentralized storage solution.
“BitTorrent X is the next step in establishing a truly decentralized internet. In one big step, the BitTorrent X ecosystem may drive 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 across the web.”
DLive To Help in Expanding BitTorrent X Ecosystem
DLive decentralized streaming services have grown rapidly over the years and currently boast over 7 million users and over 200,000 content creators. Pewdepie, a very popular and most subscribed YouTuber, is one of the platform's famous content creators. With decentralization being the ongoing trend and growing censorship from a mainstream platform like Youtube, many popular content creators are looking to join decentralized platforms such as DLive.
Charles Wayne, CEO of Dlive, commented on their acquisition by BitTorrent Inc and said,
“The acquisition marks a new start for DLive.tv. We are more than excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities.
Together with the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space and create value for our global community.”