BitTorrent has announced the internal testing of its live streaming social media platform. It uses blockchain technology in combination with a community live streaming application.
The announcement was posted on the BitTorrent twitter account:
“BitTorrent Live, the new live streaming application from #BitTorrent, will launch soon on the testnet. It combines the traditional audio / video technology livestream with the revolutionary blockchain technology and adopts a new MTB re-start mechanism. “
The new service will connect users globally and help them win by expressing their creativity. With BitTorrent Live – BLive, users will also have the opportunity to create live video content.
Social media, live streaming and cryptocurrencies
It is important to note that BLive has incorporated a new rewards mechanism whereby users can offer MTB tokens and other cryptocurrencies to content creators.
BLive includes a number of features, from live audio / video transmissions and a real-time instant messaging system, as well as BTT deposit and withdrawal services and other cryptocurrencies, BitTorrent aims to make the distribution of rewards more equitable for creators content.
With the integration of cryptocurrency services into its offerings, BLive aims to overcome the challenges facing the cross-border payments sector. BitTorrent claims that it will not charge transaction fees and will ensure instant transfers and increased security.
Through BLive, BitTorrent seeks to disrupt live streaming platforms currently operating under centralized management. In this way, users around the globe can use decentralized live streaming services and get rewards in cryptocurrencies.