Communication protocol for peer-to-peer (P2P) files sharing company, BitTorrent has announced to release the public beta version of its decentralized social media app BitTorrent Live in Q2 this year. According to the report, the company began offering early access to the BitTorrent Live streaming service. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, enables its users to generate live content and connect with other people through mobile devices.
Moreover, the service will also reportedly allow its users to live stream from anywhere they have access to the internet while viewers will be capable of immediately give feedback and likes. Additionally, the app’s users can also explore subjects in which they are interested in. In point of fact, BitTorrent Live is not new; Bram Cohen the creator of BitTorrent said in the year 2012 that his goal with the platform was to kill off the television. While the software is not new, its character has changed much over time. However, the first version of BitTorrent Live was mostly just a new content delivery protocol. But in 2017, the initial version of the application was power cut after the company ineffectively tried to elevate funds to spin it off as an independent business.
Earlier this year, BitTorrent’s former Chief Strategy Officer Simon Morris said that Tron will not be able to manage the transaction volume needed to tokenize BitTorrent. He further added that there is no way the Tron Blockchain could handle the transaction volume that the system would require. BitTorrent protocol can be utilized to reduce the server and network impact of distributing large files. Furthermore, despite downloading a file from a single source server, the BitTorrent protocol offers users to join a swarm of hosts to upload to and download from each other at the same time.