Tron founder and CEO Justin Sun’s decentralized peer-to-peer filesharing network BitTorrent has bought DLive, the blockchain-based livestreaming home of world No. 2 YouTuber PewDiePie.
It’s been a strange week covering Tron. What was supposed to be a conversation with legendary investor Warren Buffett on the merits of building the new global economy with cryptocurrency quickly devolved into a non-event. The planned $4.6 million charity lunch was abruptly cancelled due to Justin Sun’s health concerns.
Every year crypto-critic and fiat-billionaire Warren Buffett auctions off a lunch for eight to support his daughter’s favorite charity, GLIDE in San Francisco. This year, crypto-entrepreneur Justin Sun won Buffett’s Glide charity auction with a record $4.5 million bid. Buffett had previously called bitcoin “rat poison squared” so this ought to be interesting.
Tron is adding decentralized storage and a cryptocurrency-based reward mechanism into its BitTorrent peer-to-peer file sharing service. Adding the blockchain solution is a step in Tron’s long-term plan to create a privacy-focused, user-controlled, decentralized internet, the company said in a May 31 release. Tron’s new BitTorrent File System (BTFS) will be incorporated into the broader BitTorrent P2P network, which has 100 million monthly users. A distributed application (DApp) platform, BTFS will be used by BitTorrent users to receive, send, and host media files. BTFS will use the Tron-based BTT utility tokens launched on January 3 to reward hosts who store shareable files and provide bandwidth. The way BitTorrent works is…