SalesTech Star

BitTorrent Announces DLive Acquisition and New BitTorrent X Ecosystem

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.

Read More: SalesTechStar Interview with Brian Wool, Chief Revenue Officer at Stirista

Wow! @BitTorrent today announced the acquisition of live streaming platform, @OfficialDLive and plans to migrate all of their services to one unified ecosystem named BitTorrent X powered by #BTT. #TRX #BitTorrentX

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.

Read More: Gong Named One Of The 2020 Best Small & Medium Workplaces™ By Great Place To Work® And Fortune

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.”

Read More: Chiper Raises $12 Million Series A To Accelerate The Digital Transformation Of Corner Store Retail…

 Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.