BitTorrent has been around for ages, and has dramatically changed the way we get content. Companies are using it as a way of saving bandwidth costs and instead of delivering a large file many times, a company using P2P technology only needs enough bandwidth to seed the files before letting those who have already downloaded the files take over.
BitTorrent creator, Bram Cohen, has now come up with a way to use his BitTorrent technology for live streaming purposes, though he has had to remake the BitTorrent protocol has for live streaming purposes. While P2P live streaming isn't exactly new, Cohen's method is said to work with low latencies and making sure the network doesn't get clogged up.
torrentfreak.com - “Bram’s methods to manage network reconfiguration wrap rerouting together with a novel approach to congestion control. Obviously we’ll be happy to share more technical details in due course, but only once the technology reaches a level of maturity that it makes sense to share.”
Full article here.