Neither the writer nor the publication () holds any responsibility for your financial loss. Please do your ‘very own’ market research before making any investment in cryptocurrencies. But it has the potential to be revolutionary and create a massive nightmare for YouTube and many other content management platforms on the internet.ĭisclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. So will the new streaming platform thrive? We’ll have to wait and see what happens. But from all the successes previously achieved by the project, this could be the most important one, if only because the size of BitTorrent’s network is so vast. It’s already the blockchain network with the highest number of decentralized applications and users. Tron‘s taking decisive steps in delivering the project’s ambition to decentralize all sources of content on the internet, and some have been pretty impressive. Think about this: Netflix and YouTube account for about 25% of all internet traffic in the world, and Tron’s new streaming network will challenge that dominance directly, even outside of the web. ![]() The new service, will not run on the web, of course, but on the new blockchain-based BitTorrent. It will also be a significant step in Tron’s agenda to decentralize the whole world wide web. Content creators will surely like it because there will be no centralized authority that decides which videos can be monetized, or not, so it will give them a lot more freedom as they will be able to live without the eternal fear shared by all of youtube’s content creators: demonetization of a particular video for whatever reason YouTube fancied. In time, it could become more critical than Youtube. The new streaming network in question has a huge potential. Additionally, it will reward seeders (which is BitTorrent’s slang, it refers to the people who keep their files online for others to download) using a brand new Tron-based token called BitTorrent Token (BTT). The idea is to turn BitTorrent into a blockchain network (based on Tron’s blockchain, obviously) that will keep up, and even improve, the current network’s performance. Which is why Tron bought BitTorrent a few months ago. BitTorrent Live solves provisioning and lag time problems for live online broadcasting Features free tier of channels spanning news, sports, music, tech, and youth culture. ![]() The network is for sharing files of all kinds (movies, audiobooks, software, e-books, and anything else you could imagine) and it’s been around for a very long time.īeing massive, successful and already decentralized, BitTorrent’s values and praxis line up remarkably well with Tron’s ambition to use blockchain technology to disrupt the web and decentralize it completely. BitTorrent Live: Multichannel App for Live and Linear Programming Unveiled at INTX. It’s the world’s largest P2P decentralized network, boasting hundreds of millions of unique users scattered all over the planet. Chances are you already know what BitTorrent is.
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