The partnership will allow BitTorrent’s users to gain access to DLive’s live streaming offerings.
The adoption of new services by blockchain companies has been seen as a mark of increased industry growth. This mantra was again put to action when DLive, the popular blockchain-based content sharing platform announced that they would be joining the BitTorrent ecosystem. DLive’s entry will also mean that the organization will begin its migration to the Tron blockchain.
The content-sharing platform will use the much-lauded BitTorrent File-Sharing System [BTFS] to ensure that the content uploaded on DLive moves to a more secure and decentralized system.
The partnership will also allow BitTorrent’s user base [which amounts to more than 100 million] to gain access to DLive’s live streaming offerings. An official press release from DLive said:
“Starting today, 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 has grown in strides over the past 15 months. The streaming platform boasts a passionate community, a niche product-market fit, and strong adoption has grown to over five million monthly active users.”
Tron Foundation CEO Justin Sun had also heaped praises on DLive by calling it one of the best real-world examples of what is possible when an organization combines blockchain and digital media. The CEO was confided that with the DLive-BitTorrent collaboration, content creators will get a proper chance at launching their stuff. DLive had first migrated to the Lino blockchain in September 2019 and their last major update was introducing the IDA-Lemon as the platform currency on the Lino blockchain.
Charles Wayn, the CEO of DLive further opined that Tron’sn advancements in the digital asset space go hand in hand with DLive’s goal of empowering creators and rewarding communities with amplifying their capabilities. The organization has revealed that it will begin to offer rewards and benefit points to already existing users to move from Lino to the BitTorrent ecosystem. According to DLive officials, once all users transition from the Lino blockchain, it will no longer be used.
Despite the developments on the Tron blockchain, the cryptocurrency has still not witnessed marked upkeep in its price with the bear market not doing it any favours. At press time, Tron held a value of $0.013 and a total market cap of $890.8 million, a far cry from its range in the billions. The 12th placed cryptocurrency held a 24-hour market volume of $1.15 billion.