Justin Sun Announces BitTorrent's Live Streaming App

Justin Sun Announces BitTorrent’s Live Streaming App

In a recent tweet, Justin Sun, the Founder of TRON Foundation and CEO of BitTorrent announced BitTorrent Live, BitTorrent’s live streaming app.

In a press release pertaining to the announcement, the team said:

“BitTorrent, a leader in peer-to-peer technology, today began offering early access to its new BitTorrent Live streaming service, which lets consumers create live content and connect on mobile devices to people who share common interests.”

Adding to it:

“BitTorrent Live will provide a social media platform for people to express their creativity and connect with others around the world through live video. The service will allow for continuous live streaming anywhere users can get internet access.”

About the app, Justin Sun, the CEO of BitTorrent said:

“Imagine chatting with your favorite athlete, becoming immersed in a music festival, or meeting new friends to share your passions — all by simply firing up the BitTorrent Live app. Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of a new content experience.”

Talking about the app further, the article said:

“Users initially will be able to search for subjects that interest them, and then engage directly with the broadcasters to give instantaneous feedback and likes. In the coming months, BitTorrent Live also will incorporate blockchain technology that returns privacy and ownership to users while also enabling payments with our utility token, BitTorrent (BTT).”

The app is expected to be interesting and feature-filled. After all, it is a product of BitTorrent.

Also Read: BitTorrent (BTT) Now Available on AltCoinTrader

BitTorrent recently announced that it would be coming up with new incentive plans for BTT users. The first incentive briefed about in the official Medium article pertaining to the announcement was user incentives. About BitTorrent user incentives, the team said:

“BitTorrent clients since the company’s inception in 2004 have been downloaded and used on over 1 billion devices. The peer-to-peer software currently serves over 100 million monthly active users globally, and the tokenization of its ecosystem through BTT is progressing as expected.”

Adding to it, the team said:

“We think there’s a great overlap between TRON and BitTorrent. P2P users have a profound understanding of distributed sharing, and it’s a remarkably similar technology that’s used at the core of the blockchain.”

Continuing with it:

“While we won’t reveal additional details for a few more weeks, this new initiative will accelerate education efforts for BitTorrent users about blockchain technology, and it will facilitate access to the latest BitTorrent technology and TRON’s ecosystem.”

Talking about it further, the team said:

“Following the start of the BitTorrent User Incentive Program, we expect the number of TRX holders will increase, consolidating TRON position as a leader within the blockchain industry. Meanwhile, the BitTorrent User Incentive Plan will build a foundation for subsequent CDN construction of decentralization.”

Moving on to partner incentives, the team said:

“Since its launch on January 28th, 2019, BitTorrent (BTT) has been listed on over 30 leading exchanges. including Binance, Bithumb, Bittrex, Bitfinex, Huobi, Upbit, OKEX, Gate.io and it has garnered support from leading wallets such as Trust Wallet, TronLink, Cobo Wallet and HuobiWallet.”

Adding to it:

“To make BTT and BitTorrent technology available to most people, the company soon will offer a Partnership Plan to all exchanges and wallets supporting BTT. This program will allow our partners’ users to receive BTT airdrops and explore the TRON and BitTorrent networks.”

Continuing with it:

“By incorporating this new audience, BitTorrent aims to gather feedback, enhance its protocol and let those new users enjoy the efficiency of its downloading services. while earning tokens by contributing to the ecosystem.”

Finally, talking about the ecosystem incentives, the team said:

“It’s worth noting that BitTorrent is not only a P2P client offering fast and reliable downloading capabilities, but it’s also one the earliest and largest open-source P2P download protocols in the world. Bitcoin’s founder Satoshi Nakamoto states in his mailing-list that it’s a great way to transfer value.”

Adding to it:

“Today, over 1 billion devices have BitTorrent based clients downloaded through BitTorrent and µTorrent. There’s also many other clients using its protocol. To make BTT available to most people and accelerate blockchain mass-adoption, BitTorrent plans to offer an incentive program to clients relying on the BitTorrent protocol so that their users too can partake in BTT. This new initiative sheds light on BitTorrent’s principle of being open-source, and it boosts the entire industry by promoting blockchain technology.”

These incentive plans would not only benefit the development of BitTorrent and TRON ecosystem but would also represent an all-new growth spurt for the entire crypto industry. The intent behind all of these implementations is to expand the user base and to scale the products of BitTorrent and TRON in such a way that the whole industry is benefitted from the changes.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.