BitTorrent To Start Testing Streaming Video Service
BitTorrent, the developer of P2P networks, owned by the Tron crypto platform, plans to begin testing the decentralized social networking app BitTorrent Live in the second quarter of 2019, according to a press release.
The streaming video service BitTorrent Live resembles a photo and video sharing apps like TikTok and Snapchat. It will allow customers to share their content and contact other people using smartphones.
The app will provide customers with the ability to broadcast live from anywhere with Internet access. Content recipients will be able to leave their comments and put likes immediately. It will also help in finding the necessary things on the net.
Plans to develop BitTorrent Live have existed since 2012. At that time, Bram Cohen, the creator of BitTorrent, claimed that “killing television” was his aim. Though the idea cannot be called new, it is heavily modernized.
Initially, BitTorrent Live was considered as a simple content delivery protocol, and not as a social networking app. The idea did not receive a continuation, and its development was curtailed in spring 2017 because the company could not find the means to make this activity an independent business.
The company plans to transfer BitTorrent Live to blockchain technology. This will help users maintain confidentiality, secure ownership, and use cryptocurrency as a new payment method.
As previously reported, the Tron platform is planning several updates, including the launch of the BitTorrent Speed app.