BitTorrent, Inc., a peer-to-peer protocols and products firm, recently announced it is set to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. According to BitTorrent, BitTorrent X “represents” the transformation of the BitTorrent platform.
“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).”
While sharing more details about BitTorrent X, Justin Sun, Founder of TRON and CEO of BitTorrent, stated:
“BitTorrent X is the next step in establishing a truly decentralized internet. 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.”
Charles Wayn, CEO of DLive, went on to add:
“The acquisition marks a new start for DLive.tv. We are more than excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities. Together with the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space, and furthermore create value for our global community.”
Founded in 2004, BitTorrent claims to be one of the world’s leading peer-based technology companies. The company states it maintains a globally recognized ecosystem of technology protocols, consumer software, and consumer electronic devices that help people find, share, and move digital media.