According to a recent BitTorrent announcement, DLive, which is a P2P content sharing platform, will move its operations onto the TRON blockchain. It will start using the BitTorrent file-sharing system to store all content. Additionally, BLive, owned by BitTorrent, will merge with DLive to create a single platform. With this new development, DLive is now part of the BitTorrent ecosystem, which has over 100 million monthly users.
DLive currently runs on the Lino blockchain. During the transition period to TRON, it will continue to run on Lino. The first step will be to merge its account systems with those of BitTorrent in Q1 2020. At some point in the middle of this year, it is going to integrate its content into uTorrent and BitTorrent.
DLive had earlier collaborated with the Theta Network, which is a project that runs a decentralized video streaming protocol in an attempt to cut operational costs. According to Justin Sun, the TRON CEO, DLive is a great solution for content creators. He noted that content was already a major source of revenue for centralized media platforms who own all the content produced by the content creators.
Since its launch, the concept of DLive has attracted megastars such as PewDiePie, who is currently active on the platform. In fact, he has been streaming live exclusively on the platform and he already has over 700,000 followers.
According to DLive, there are already over 5 million monthly users on the platform. This means that the adoption of the platform has grown by five times since December 2018. Despite this announcement, the price of Tron coins remained largely unmoved.
The Future of Decentralized Platforms
The current relationship between content creators and content platforms is lopsided. Content platforms decide how much money content creators can earn from their videos, which is usually a fraction of what the content platforms make from content in terms of ad revenue. However, there has been no solution to this problem until the advent of blockchain technology. It is finally giving content creators ownership of their content and the ability to make much more from it.