The Mainnet of BTFS has Launched Prior to IPFS, Leading A New Shared Mining Model That Benefits Millions of Global Users
As the era of decentralized Internet approaches, decentralized storage has now become an indispensable part of it. Following the launch of BTFS v1.1.0 with the integration of BTT economy and a brand new logo, BTFS main network will be launched ahead of IPFS which redefined the storage method and opened a new mining revenue model. The specific rewards criterias will be announced soon.
The BTFS mainnet will be available to all BitTorrent Windows clients. 5% of the global users will be among the first to have the “BTFS” button appear in their BitTorrent Windows clients and the BTFS homepage loaded in the default explorer once clicking the button. This allows everyone to become a BTFS Host with ease. It also marks the first full integration of BTFS into the BitTorrent Windows client, benefiting hundreds of millions of users.
Currently the new BTFS official website has been updated. All users can find the download link directly through BTFS official website (click “free download and install BitTorrent Windows “) and experience it. Everyone can easily become the host of BTFS, which means that BTFS has been successfully integrated into the BitTorrent Windows client for the first time, benefiting hundreds of millions of users.
A greater surprise for users is that the new Wallet feature is added to the BTFS mainnet launch, which consists of a BTFS in-app wallet and a BTT crypto wallet. The former saves the BTT rewards earned by users through hosting on BTFS while the latter refers to the wallet on TRON Protocol. Users can make transfers from wallets supporting BTT to other crypto wallets or BTT addresses.
The new BTFS Wallet feature boosts user experience by enabling users to view the balance of BTT rewards they earn at any time and make withdrawals or transfers more swiftly. It essentially serves to further encourage users to share idle disk space and improve the value exchange in the BTFS ecosystem, taking the growth of the overall BitTorrent ecosystem to the next level.
In a world where data is increasingly abundant and important, the birth of BTFS mainnet revolutionizes the market by offering everyone a safer, more efficient and reliable solution to decentralized storage to which anyone can access in a foolproof way. BTFS v1.2.1 shall transform the way people perceive data storage.
The BTFS official website has been upgraded. You can find the link to download BTFS directly from the page. We welcome your comments and suggestions.
BTFS official website: btfs.io
What can Host UI do?
1. Users can adjust the storage space they are willing to offer to the BTFS network;
2. Users can check their online/offline status, user score, uptime percentage and number of contracts currently stored;
3. Users can view historical and expected BTT revenues and the next payment date;
4. Users can view the current price of storage space provided on BTFS network.
5. Users can view how much local storage space has been taken up by the BTFS network and customize the storage space to rent out.
6. Users can view the current node version and node ID.
7. Users can contact the BTFS team to offer feedback, such as requesting a function and reporting a bug.
The Six Advantages of BTFS Mainnet:
Reliability: BTFS uses a decentralized service provider to control the server, leaving no room for any disruptions on the stored files from local interruptions or denial-of-service attacks;
Lower Price: unlike other platforms like EOS where storing 1 MB data might cost over $150, it’s very cheap to store files on BTFS, which significantly lowers the storage and maintenance cost;
Greater Decentralization: BTFS provides a more flexible storage service while guaranteeing file security by safeguarding users’ data in a decentralized way;
Advanced Incentive Mechanism: by introducing a token economy, BTFS will incentivize users to share more storage space and retrieve more files, facilitating greater value exchanges of stored files in the network ecosystem.
Advanced encryption method: BTFS adopts state-of-the-art encoding methods and file-repair technologies, which guarantees the confidentiality and security of the files. In particular, stored files have over 99.9999% availability as files are sharded and distributed to multiple reputable hosts on BTFS.
User-friendly UI: It is easy to become a host or a renter and join the BTFS network. Hosts can customize payout frequency, storage price, bandwidth price, bandwidth limits, maximum storage length, and maximum storage capacity. Renters can customize their file storage length, replication factor, and maximum price point. These basic features will give users an initial impression of BTFS and further insights on decentralized storage system. For more instructions, please refer to https://docs.btfs.io/.
BTFS Detailed Roadmap
2019 Q2
· BTFS Testnet was launched;
· Launched the Developers.Bittorrent.com website.
2019 Q3
· BTFS mainnet was launched;
· BTFS integrated with the BitTorrent client.
2019 Q4
· BTFS released a complete developers’ toolkit;
· Launched BTFS Accelerator;
· Expanded the BTFS community.
2020 Q1
· Launched BTFS mainnet v1.0.2 Beta that blended into BTT token economy.
2020 Q2
· Launched an user-friendly BTFS Host operation interface;
· Integrated to BitTorrent client;
· Further channelled developers to BTFS network.
2020 Q3
· Launch an user-friendly BTFS Renter operation interface;
· Renter contract modification feature;
· Assist partners in deploying BTFS technology.
About BTFS
BitTorrent File System (BTFS) is both a protocol and a network application that provides a content-addressable, peer-to-peer mechanism for storing and sharing digital content in a decentralized file system. In the meantime, BTFS provides a foundation for Decentralized Applications, known as DApps.
About BitTorrent
The BitTorrent Protocol is the largest decentralized protocol in the world with over 1 billion users. The Protocol was developed and has since been maintained by BitTorrent company. Among its various forms of implementations, BitTorrent and μTorrent (often referred to as “utorrent”) remain the most popular. The BitTorrent Protocol has reached a strategic partnership with the TRON Protocol, making TRON the world’s largest decentralized ecosystem and BitTorrent the world’s largest distributed application. On July 24, 2018, TRON completed the acquisition of the P2P downloading network BitTorrent and all its products.
About TRON
TRON is dedicated to building the infrastructure for a truly decentralized Internet. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers high-scalability, high-availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem. The Protocol also uses an innovative, pluggable smart contract platform to improve compatibility with Ethereum smart contracts.
On July 24, 2018, TRON acquired BitTorrent Inc., an Internet technology company based in San Francisco. The distributed technology designed by BitTorrent Inc. is smart, highly scalable, and keeps creators and consumers in control of their content and data. More than 170 million people use BitTorrent products every month. BitTorrent Inc.’s protocol drives 40% of the world’s Internet traffic every day.
