TRON Foundation Reveals New BitTorrent File System, BTFS Protocol

After acquiring BitTorrent last July 2018 for a reported $126 million deal and created the BitTorrent Token (also known as BTT) in January this year to tokenize popular file sharing protocol, TRON launches a file system through BitTorrent File System or BTFS Protocol.

On Wednesday, May 30 they officially announce the BitTorrent File System Protocol that will allow a centralized storage of digital files for clients (individuals and businesses) with over 100 million users.

BitTorrent is defined as

a communication protocol for peer-to-peer file sharing (P2P) which is used to distribute data and electronic files over the Internet

It allows a transfer of large digital data via peer-to-peer network and it uses a BitTorrent Client that is internet based. Peer-to-peer accounts to 43%-70% internet traffic since February 2009 thus BitTorrent produced 3.35% of the world’s bandwidth in 2013.

Speaking about the recent launch of the system, Justin Sun (founder of TRON and CEO of BitTorrent) shared his take regarding the matter

BTFS is a continuing step in our mission to create a decentralized internet that allows everyone to share in the wealth of web commerce, we’re creating a platform with BTFS, BitTorrent Speed blockchain integration and the BTT utility token to let users quickly and privately interact with each other around the world without a middleman or government intervention

It is expected to be out for the public’s consumption on the third quarter of this year for selected countries and will be full blown operational on the first quarter of 2020.