Robin Good: P2P video live streaming is now a reality albeit still in the Beta testing phase. BitTorrent has now a live web site where you can download the P2P video streaming software for either PC, Mac or Linux computers.
Once installed you can test the effectiveness of P2P live video streaming technology by checking out the test streams or the live sessions every Friday night (8pm PST).
"Conventional video streaming—through, say, YouTube or Netflix—eats up network resources because each user is pulling in their own individual feed.
The live peer-to-peer (P2P) streaming protocol created by BitTorrent founder and chief scientist Bram Cohen, instead works much like BitTorrent itself does.
Everybody that requests a certain video stream shares the feed between themselves, rather than just leeching the content.
This reportedly reduces lag drastically, network load and increases video quality for those watching.
And, just like when torrenting, the more people that sign on to a stream, the better it looks for everybody."
(Source: Sepp Hasslberger http://www.scoop.it/t/the-future-of-networking/p/1078829054/bittorrent-s-new-p2p-protocol-could-fix-the-internet-s-shoddy-streaming-video-quality )
More info: http://live.bittorrent.com/