Tron’s BitTorrent Launching Snapchat Competitor, Integrating Its Native Crypto BTT
BitTorrent Live is the latest offering from Tron’s BitTorrent Inc. The new social media and live streaming platform features a Snapchat-like interface and offers users a new way to share video content. According to the announcement,
“BitTorrent Live will provide a social media platform for people to express their creativity and connect with others around the world through live video. The service will allow for continuous live streaming anywhere users can get internet access.”
The platform is now up and running for early access testing, allowing users to pay for services with BitTorrent Token (BTT).
“BitTorrent Live also will incorporate blockchain technology that returns privacy and ownership to users while also enabling payments with our utility token, BitTorrent (BTT).”
Justin Sun, CEO of Tron and BitTorrent, says the initiative is at the forefront of content experience.
“Imagine chatting with your favorite athlete, becoming immersed in a music festival, or meeting new friends to share your passions — all by simply firing up the BitTorrent Live app.”
“Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of a new content experience.”
Welcome to #BitTorrentLive, a new social media platform at the forefront of a new content experience, accelerating the decentralization of the internet, and soon to be powered by $BTT. https://t.co/2tkCENRuSF
— Justin Sun (@justinsuntron) March 27, 2019
The file-sharing sharing platform BitTorrent first burst onto the scene after its release in 2001, when it quickly became notorious for its use as a tool for downloading pirated videos and music, and illicit material.
Since that time, however, the company has survived numerous attempts to shut it down, riding on the strength of its utility as an agnostic internet tool that provides an efficient and effective way to download files.
Tron purchased BitTorrent in 2018 for an $150 million. The team at BitTorrent says it has over 100 million active users.