One of the key BitTorrent dApps is about to appear in the testnet version soon. BitTorrent File System (BTFS), a decentralized repository, will begin operation on July 1st.
Launching the BitTorrent File System network
The launch of BTFS was previously scheduled for May 30th, but there were some delays in the release of software for users.
The world's largest BitTorrent P2P network introduces its BitTorrent File System (BTFS) new project. BitTorrent File System (BTFS) is both a protocol and a network implementation that provides a peer-to-peer mechanism for storing and sharing digital content in a decentralized file system. BTFS also provides the main platform for decentralized applications (DApps).
This platform allows file sharing across a distributed network of nodes. In this respect, it is similar to the IFPS system, the protocol underlying Filecoin (FIL), but it has brand awareness and an established BitTorrent user base.
"BitTorrentSpeed will be the first major example of using the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details, presenting the concept of cryptocurrency to 100 million users. It’s important for us to teach our users to use $ BTT and how it will provide faster downloads." – BitTorrent Inc.
Tron (TRX) founder Justin Sun collaborated with BitTorrent Inc. as part of the implementation of the blockchain technology in the project, and the BitTorrent BTT service crypto-token will work on the TRX network. Justin shared his opinion on the system on Twitter: "The BitTorrent file system will be launched on Testnet on July 1, 2019. BTFS is the first truly viable and scalable implementation of a decentralized storage system that developers can use."
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A week after the launch of the test network, BitTorrent Speed BitTorrent should be launched for the first time on July 8th. This feature will use BTT to improve the efficiency and speed of the BitTorrent network, stimulating growth and allowing users to pay for faster access.
On July 1st, BitTorrent launches the BitTorrent File System test network. Recall that on June 10, the cost of BitTorrent cryptocurrency fell by more than 7%. The asset rate continued to decline for the second week in a row.