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BitTorrent Decentralized File System Launches Mainnet

BitTorrent Decentralized File System Launches Mainnet

BitTorrent file system (BTFS) completes mainnet launch. It is a leading step to become the world’s largest and first scalable decentralized storage system.

October 2, 2019, | AtoZ MarketsBitTorrent File System or BTFS is the renowned peer-to-peer file sharing platform. It has come closer to becoming the largest decentralized network in the world with the launch of its mainnet. This step is a turning point for the platform and a crucial step towards the integration of the BitTorrent ecosystem.

What is BitTorrent Decentralized File System?

BTFS is a protocol and network implementation. It provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system.

BTFS is the first scalable implementation of a decentralized storage system. It can be used by decentralized application developers. In combination with the TRON ecosystem and the BitTorrent network, the application of BTFS in the form of an addressable and permanent web improves the user experience. 

What is BitTorrent File Sharing Protocol?

BitTorrent can be popularly known as a piracy method, but it’s not just for pirates. It is a useful decentralized peer-to-peer protocol with significant advantages over other protocols in many situations.

It is a peer-to-peer protocol, which means that BitTorrent swarm computers (a group of computers that load and download the same torrent) transfer data between them without the need for a central server.

BitTorrent Launches Mainnet

The TRON Foundation has announced that the BTFS has completed the official launch of the mainnet, as expected in the third quarter of 2019. During this launch, more than 3000 new nodes have been added to BT Client. That brings BTFS a step closer to becoming the largest and the first scalable decentralized storage system in the world.

With the launch of the mainnet, the team introduced a feature that allows the removal of files and directories. And it also allows users to import a TRON private key, a 12-word BIP39 seed phrase, or generate a seed phrase to initialize BTFS nodes safely and conveniently.

The announcement highlights the strengths of the network. It has reliability and greater decentralization. And it also expands on the advanced incentive mechanism designed to facilitate more valuable exchanges of files stored in the network ecosystem. Also, the team states that storage on the network will be very cheap, which could help various stakeholders reduce storage and maintenance costs. Unlike other platforms like EOS, where storing 1 MB of data could cost over $ 150, it is very cheap to store files on BTFS.

BitTorrent Roadmap Outlines

According to the BTFS roadmap, “integration should be completed by 2020”. BTFS will also be integrated into BitTorrent “for the benefit of over 100 million users with its network services”. The last quarter of 2019 will be dedicated to the launch of a complete toolset, BTFS Accelerator and dozens of BTFS DApps.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

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