Going by Sun’s tweet, BTFS/ BitTorrent File System is both a ‘network and protocol implementation’ which helps in a decentralized file system – such as acting as a peer-to-peer mechanism for storing, content-addressable, and sharing digital content.
The tweet read:
“BitTorrent File System (#BTFS), will launch on Testnet tomorrow, 1st of July, 2019 (PDT). #BTFS is both a protocol and network implementation that provides a content-addressable, peer-to-peer mechanism for storing and sharing digital content in a decentralized file system. #BTT”
Reportedly, this new file sharing protocol is a distributed web platform which is backed by revolutionary blockchain tech which aims at rewarding users with BTT token every time user share files. This is besides the fact that it enhances a faster download of such files.
According to an official tweet from BitTorent Inc., BitTorrent Speed will be the first major use case of blockchain. The tweet stated:
“BitTorrentSpeed will be the first major use case of blockchain by introducing the concept of #cryptocurrency to 100 million users. It is important for us to educate our users on $BTT and how it will power faster downloads. #BTT”
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