- Justin Sun has announced the introduction of a modern decentralized storage system
- BitTorrent File System (BTFS) goes live on May 30
- This adds a new feather in Tron’s cap
The Tron Foundation’s founder, Justin Sun, has declared May 30, 2019 the launch date for the BitTorrent File System. This addition to the world’s largest file sharing protocol will put Tron in the limelight as they introduce something truly new in crypto.
From files sharing to file storage
Sun made the announcement via twitter on May 27, saying the decentralized storage system BitTorrent File System (BTFS) will be released in about three days. The launch will definitely be a meritorious event for the network’s two projects in the blockchain space, Tron TRX and BitTorrent BTT. The tweet stated:
“Welcome to the next generation of decentralized storage systems! #BTFS will be the largest decentralized P2P storage network with close to 100 million @BitTorrent user nodes, over 1000 #TRON full nodes, 27 SR nodes, and global #TronGrid nodes. 3 days left! Are you excited?”
The combination of BitTorrent and Tron has been identified as a formidable giant that is likely to enhance the rate of adoption of cryptocurrencies considering the number of users who frequently use the platform. The BTFS that goes live on May 30 will become the first scalable file decentralized system and will make BitTorrent the largest decentralized peer-to-peer (P2P) storage network.
Torrents have been with us for a long time now for sharing and downloading date from the internet. There are thousands of GUI and CLI torrent clients available on the market and many times they are forced to sit and wait for the download to complete, a luxury that most can’t afford as they want to see their content immediately.
Instantaneous read access
This is where the BitTorrent File System comes into play since by using BTFS a user will mount the torrent file or magnet link as a directory and then use it as any read-only directory on the file tree. The contents of the files will be downloaded on-demand as they are read by applications. Since BTFS runs on top of FUSE, it does not require intervention into the Linux Kernel.
The Tron Foundation has registered a series of successes lately beginning with the successful lightning-speed sale of the BitTorrent token on Binance Launchpad which was followed by several other intriguing happenings including the addition of 1 billion BitTorrent users to Tron and the amazing display from BitTorrent live demo launch, among others.
Justin Sun has displayed formidable strength in his projects and potency in the blockchain space. The announcement of the BTFS launch on May 30 adds another feather on the Tron Foundation CEO’s cap and a fulfillment of the wishes of users in the cryptocurrency community.