BitTorrent is getting ready to open the floodgates for its new live streaming app, dubbed BitTorrent Live: The company plans to launch a BitTorrent Live Android app on various app stores as part of a public beta test late Friday, according to a spokesperson.
BitTorrent Live, which is also known as BLive, is being described as a live streaming app with social networking and instant messaging features. In addition, it also offers virtual gifting through cryptocurrencies.
“With BitTorrent Live you can create live video content, connect with people who share the same passions, earn money by expressing your creativity and find friends all around the world,” the company said on its website.
In a Medium post, the company proclaimed that the app would be the first to combine live streaming with blockchain tokens and the BitTorrent protocol. However, a spokesperson clarified that BitTorrent Live is using a server-based architecture at launch, with plans to eventually replace this with P2P-based live streaming.
Users will be able to reward creators on BitTorrent Live with gifts based on BTT and TRX — two blockchain tokens operated by BitTorrent and its sister company Tron.