Tron-backed BitTorrent grabbed the attention of the crypto-community yet again after it announced the internal testing of its live social streaming platform. Testing will be carried out in the present quarter by combining blockchain technology with a community live streaming application.
This new feature will empower users by connecting them with others at a global level, in addition to helping them earn by expressing their creativity. Through BitTorrent Live [BLive], users will also get the opportunity to create live video content. It is important to note that BLive has incorporated a new gifting mechanism through which users can tip using BTT and other cryptocurrencies. This way, broadcasters are benefited and they can earn cryptocurrencies, while expanding their user base.
BLive exhibits a number of features ranging from audio/video livestreams and a real-time instant messaging system under its belt and with the addition of deposit and withdrawal services of BTT and other cryptocurrencies, BitTorrent aims to make the reward distribution fairer for the content industry.
With the integration of cryptocurrency services in its offerings, BLive aims to overcome the challenges faced in the cross-border payments sector. Further, BitTorrent will incorporate BLive for diffusing the livestream industry with the token economy. With this, users will enjoy deposit and withdrawal of assets anywhere in the world.
Also, there are no transaction fees along with instant delivery and enhanced security. As BLive incorporates the cryptocurrency-based economic system, this ensures a safe and convenient cross-border payment channel.
This news was officially declared over the organization’s Twitter handle,
“BitTorrent Live, the new livestream application from #BitTorrent, will launch on testnet internally soon. It combines the traditional audio/video livestream technology with revolutionary blockchain technology and adopts a new gifting mechanism with $BTT.”
Through BLive, BitTorrent is intended to disrupt live-stream platforms that currently operate under centralized management. This way, users around the globe can their hands on decentralized audio and video live-stream entertainment services in the offing.