BitTorrent to Begin Alpha Testing Blockchain-Based Streaming Platform

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Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019.

Platform overview
BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content and instant messaging service.

BitTorrent intends to roll out BLive in alpha, beta and full versions from Q3 2019 to Q1 2020.

Transactions and transfers on BLive
The platform also supports several different payment and withdrawal methods including Bitcoin (BTC) and BitTorrent (BTT) coin, with zero transaction fees.

BLive will also support earning and gifting options. Additionally, users can buy gifts with BTT and send them to content creators — who can, in turn, convert the gifts back into BTT.

Previous plans for BLive
As previously reported by Cointelegraph, BitTorrent announced at the end of March that it would launch a public beta for BLive sometime in Q2 2019. BLive has apparently been around since 2012, although its underlying software has changed dramatically. BLive apparently started out as a content delivery protocol with no emphasis on social media functions. However, the first version of BLive was cancelled following a failed fundraiser on April 2017.

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