Well, this blockchain technology is the new idea of building everything decentralized and now finally BitTorrent Inc the well renowned P2P file-sharing company has planned to launch BitTorrent Live.
The most interesting thing is this platform is created on well established and most famous decentralized blockchain based TRON (TRX) network.
The key people of BitTorrent Justin Sun who is also the founder of TRON has announced on 27 March 2019 that the most awaited platform BitTorrent Live will be launch for beta test in Q2 of 2019.
The company has started accepting an application from all, who are interested in participating in the Beta testing phase do register yourself.
Just to let you know that BitTorrent a 19 year old company has been acquired by TRON foundation back in year 2018.
First and Foremost do you know what is TRON (TRX) and BitTorrent Live and what is the use of it?
If not, then do not miss this guide till the end and we will also discuss how it is going to impact the price of TRX coin.
Let me first Brief, you what TRON?
What is TRON and Its use?
TRON is a blockchain based decentralized cryptocurrency platform which was started back in the year 2017 by Justin Sun.
This was introduced with a vision to decentralized this complete entertainment centralized industry and move that as a whole to Blockchain based decentralized technology.
This time Social media platform like Facebook, YouTube has full control of your creativity and even the creators are not getting the right amount of revenue for their creativity.
Hence to move this creativity to a platform where the creator will have full control of its content and he will get full revenue for his creativity in terms of advertisement ads or any such, TRON is introduced.
TRON is a blockchain network and on this network a cryptocurrency works which is called as TRX coin.
This is just an overview of TRON, to learn more in detail check our detail guide on what is TRON?
Now, will discuss what is BitTorrent Live and how it is going to impact TRX price in future.
What is BitTorrent Inc and What is BitTorrent Live?
BitTorrent is a peer-peer file downloading and uploading protocol was introduced by Bram Cohen and BitTorrent Inc.
Earlier, it was a big challenge to download and upload large data files on internets such as Video or audio files.
BitTorrent has currently worldwide more than 100 million users using BitTorrent Inc different client to download and upload the file.
BitTorrent is a Peer to Peer file transferring protocol, which allows to downloading of large files using minimum internet bandwidth.
BitTorrent Inc offers different client such as “u Torrent”,BitTorrent,BitTorrent Sync etc.
To use BitTorrent, simply download their client on your system and using that client you can request to download files.
In a similar way, BitTorrent Live is the new client introduced by BitTorrent Inc which was the dream project started back in the year 2011 by Bran Cohen the founder of the first type of file transferring protocol.
But was unfortunately closed in the year 2017 and in the year 2018 the founder of TRON foundation Mr. Justin sun has acquired BitTorrent Inc.
He decided to launch this BitTorrent Live application on this newly decentralized cryptoCurrency based TRON blockchain.
BitTorrent Live will be the same as a current running platform like TikTok or SnapChat, where the user can share their live videos and others can search for their interest and connect to those live streaming.
Here every other on the same platform could Like share or comment on live streaming videos.
This will provide a mobile app for live streaming on BitTorrent Live network, which is the same as the earlier version of BitTorrent Live which was focused to provide TV like service.
The only change they are planning to bring is, this will be completely decentralized and where anyone can share any type of content with additional privacy.
This is based on the same idea of BitTorrent Peer 2 Peer file sharing network but the only difference is, this will be on top of the decentralized network.
To have your content on blockchain based network means you will have high security of your content and you will be the sole owner of revenue you will be generating thought that creativity.
This is in result reduce the cost of content sharing on BitTorrent network and will fasten the process of data.
Justin Sun the owner of BitTorrent Inc and creator of Blockchain based TRON has the vision to create boundary-less free internet.
In the future, they are planning to set up a kind of social media platform, where people can chat, share, comment and like to each other.
BitTorrent network, which is based on TRON network, hence it has its own digital token BitTorrent Coin (BTT).
The user can use BTT token to increase downloading or uploading or file sharing speed on the BitTorrent network and much more is about to come.
Well, this is the first version of BitTorrent Live for which beta testing planned in Q2 of 2019 and as per news, this will be kind of centralized.
If all ok then by the end of 2019, it will be fully launched as a decentralized platform and will be easy to access everywhere using the internet.
The first version is not a kind of social media, it will be more kind of video content sharing platform
In summary, BitTorrent Live is the actual real use case of TRON network, which has a wide future to expand in the future.
Now coming to the TRON, that how BitTorrent Live can impact the future price of TRON.
Will TRON (TRX) Price Increase by 2019-2020?
Well, no one can predict the future price of TRON (TRX) or any cryptocurrency but what we can guess is based on their current partnership.
TRON is really building a real use case where they have planned to launch BitTorrent Live on TRON network.
BitTorrent already has more than 100 Million users active on the platform and if they will start using this media platform such as TikTok or Snap chat, this might not only Boom BTT but TRX as well.
Currently to buy any service on BitTorrent network will require a cryptocurrency asset BitTorrent token which was launched back in January 2019.
But from the sources, it confirmed that now you can buy service using TRX, BNB, and BTC as well.
In summary, a platform which is built on the TRON network is also using TRX tokens, this is what the real implementation we are looking in Crypto World.
Currently, TRON is traded around 0.023$ which in future predicted by Smartereum close to 12 $ by the end of 2019.
This is the first time, I have seen that Smartereum is quite optimistic about the price of any Coin.
TRON is increasing its use case by doing a partnership with multiple gaming companies to build DApps.
TRON has recently announced its partnership with Stable coin Tether (USDT). Well, it is not realistic to me that TRON could touch 12$ by end of 2019.
But yes, it has the potential to touch 0.08$, if could able to break resistance at 0.05$.
Let’s hope the team will also push some good news which could hit a new target of 250% surge in TRON price.
Let me know, what do you think about BitTorrent Live and will that really impact the price of TRON.
My View on TRON price prediction
TRON is the most growing platform and from the latest news published by Justin Sun, it explains that TRON has crossed the 3x more transaction than Ethereum.
They are doing tie up multiple exchanges and increasing its trading volume. On 26 March 2019 TRON has touched all-time high 4.27 million transactions in a period of 24 hours.
There is massive development going on on TRON platform but in a short period of time, we haven’t seen any massive spike of the price.
BitTorrent Live seems to be the golden opportunity for TRON to expand its reach to 100 million worldwide user base.
Justin Sun has a good digital marketing plan and working as a delegate and distingueshed leader which makes us optimistic about TRON.
What do you think about TRON let me share your openion in comment box.I love to hear from all of you.