BitTorrent File System, the first scalable decentralized storage system officially went live last week and users can now start earning BTT using their computers at home or anywhere in between.
BTFS Livestream Highlights
(1/4) #BTFS Mainnet officially went live last week, and now everyone can download and use BTFS, via its official website https://t.co/fwOCv8TOpk, to earn #BTT anytime, anywhere.
— Justin Sun (@justinsuntron) June 28, 2020
BTFS is the fork of InterPlanetary File System and it is uniquely integrated with the TRON blockchain, as users can initiate nodes via wallets that support TRON.
BTFS is a combination of file storage and a file transfer system. BTFS users can upload their files into the BTFS network via a BTFS daemon. BTFS would allow the efficient and secure transfer of files between nodes located across different regions and this makes the BTFS as a reliable system when it comes to file-sharing systems.
What is BTT and how to earn it?
BitTorrent Inc. has introduced a TRON TRC-10 cryptographic token called BitTorrent Token (BTT) and it acts as a general cryptocurrency for transacting in computing resources shared between BitTorrent clients.
BTFS users could start earning BTT immediately by simply running a BTFS node and BTT is available as a divisible token, allowing for granular pricing.
Key Advantages of the BTFS:
- Lower Price
- Greater Decentralization
- Advanced Incentive Mechanism
- Advanced encryption method
- User-friendly UI
BTFS Mining Revenue Models:
- Storage space mining
- BTFS storage space mining competition
- Node repair mining
- Node reputation mining
- Storage verification mining
- CDN storage mining
BitTorrent is based in San Francisco and founded on September 22, 2004, by Bram Cohen and Ashwin Navin. It is the largest decentralized P2P communications protocol for distributing data and large files over the Internet.
In 2018, BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.
With TRON 4.0 launching in a couple of weeks and BTFS going live, this is such an amazing accomplishment for the hardworking guys at BitTorrent and their team at TRON Foundation with the leadership of Justin Sun. This would surely increase the BitTorrent network in the next following months.
For more news and updates, see Tron Spark.