Justin Sun, founder of Tron and CEO of peer-to-peer file sharing protocol BitTorrent, has added one more firm to his portfolio: blockchain-based live streaming platform DLive.
BitTorrent announced Monday that DLive will begin migrating its platform to the Tron blockchain from the current Lino blockchain. As part of the deal, BitTorrent’s live streaming platform BLive will also be merged into DLive.
BitTorrent and Dlive
Bittorrent has announced that Dlive, a blockchain-based content sharing platform, will be joining its ecosystem and begin a migration to the Tron blockchain. Last year Justin Sun, the founder of “decentralized web” crypto Tron, has taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2014 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol.
“DLive is a great solution for live media producers,” said Sun, adding: “Think of how valuable live streaming content is already to centralized social media platforms who take ownership and advantage of their users’ hard work. We look forward to DLive bringing value to the entire world with the addition of TRON and BitTorrent’s global community of passionate creators.”
PewDiePie as an Attraction for Dlive
Kyle Lu, founder and CEO of Dapp.com, described the deal as “great.” He said top streamer PewDiePie, the world’s most popular YouTuber by subscriber numbers, is already on DLive and other YouTubers will also join the platform since YouTube recently temporarily removed crypto-related videos from its platform.
As part of the deal, Dlive will advertise its products and services on Bittorrent as well as using its newest service for storage. The two sides explained that Dlive and its blockchain development team will collaborate with the Bittorrent team to bolster its products and services.
Blive, the live streaming platform introduced by Bittorrent in early 2019, will be merged into the Dlive platform, and their team will join the Dlive team. Dlive will begin utilizing the Bittorrent File-Sharing System (BTFS), a distributed file sharing and storage system, and will also merge its account systems with Bittorrent’s to further integrate each community with the other.
Both DLive and BitTorrent teams will work together to bring blockchain-based peer-to-peer content sharing, including live streaming, to everyone, per the announcement.
Lino Blockchain in the Affairs of Things
Dlive also explained that by joining the Bittorrent ecosystem, it will no longer support the Lino blockchain after the transition to the Tron blockchain is complete. The Lino blockchain technical infrastructure will be integrated into Bittorrent, however the Lino coin will no longer be the fundamental unit of value or utilization in the new ecosystem.
To facilitate the integration of BTT into the existing Dlive ecosystem, Dlive is expected to offer various benefits and rewards to existing users to transition from the Lino blockchain into the Bittorrent ecosystem. Once the migration to the Tron blockchain is successfully completed, Dlive will no longer utilize the Lino blockchain.
Founded last year, DLive claims to have over 5 million monthly active users, while BitTorrent claims to have over 100 million monthly active users.