BitTorrent Inc., the leader in peer-to-peer (P2P) technology, announced plans to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. BitTorrent X represents the transformation of BitTorrent, a world-renowned peer-to-peer service from a software company into a conglomerate of decentralized storage and data protocols and content distribution platforms. The entirety of BitTorrent X’s utilities and services will be powered by the BTT cryptocurrency.
BitTorrent started as a data transferring protocol used not long by over 2 billion users but also some tech giants such as Facebook, Twitter and Blizzard. It also inspired the design of Bitcoin and the movement of decentralization. Acquired by Justin Sun, Founder of TRON Network, back in 2018, BitTorrent carried on its current business meanwhile exploring more ways to collaborate with cryptocurrency BTT and bring blockchain and cryptocurrency to mass adoption.
BitTorrent X exemplifies a new era of BitTorrent, not only being a household name in data sharing but also a new ecosystem supported by the next-generation infrastructure for decentralized data storage (BitTorrent File System, or BTFS), distribution (BitTorrent), and now streaming (DLive.tv and Decentralized live streaming protocol, DLive Protocol).
“BitTorrent X is the next step in establishing a truly decentralized internet,” said Justin Sun, founder of TRON and CEO of BitTorrent. “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.”
“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