SAN FRANCISCO, May 30, 2019 /PRNewswire/ — TRON, a leading blockchain platform, announced it plans to incorporate decentralized storage as another blockchain solution into the BitTorrent ecosystem. The move is another step in TRON’s mission to create a borderless internet where privacy and ownership are more user-controlled.
BitTorrent, a leader in peer-to-peer protocols and
products, will incorporate BitTorrent File System (BTFS) to allow users
to receive and host storage on their computers with other individuals
and businesses. A variant of the open-source InterPlanetary File System
(IPFS) protocol, BTFS began testing internally in late May and is the
first step in creating a distributed web platform powered by blockchain
technology.
“BTFS is a continuing step in our mission to create a
decentralized internet that allows everyone to share in the wealth of
web commerce,” said Justin Sun, founder
of TRON and CEO of BitTorrent. “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.”
A 2018 study from McKinsey Global Institute that analyzed
5,750 of the world’s largest private and public companies with revenue
of $1 billion or more found that the top 1
percent of those companies captured 36 percent of the economic profit. A
decentralized internet would create a scenario where some of those
profits, from ads sales, data collection and other means, are shared
back to people who opt in to big companies’ business models.
BitTorrent
plans to leverage its 100 million BitTorrent monthly active users, more
than 1,000 TRON full nodes, 27 Super Representative nodes, and global
TronGrid nodes, to become the world’s largest distributed storage and
media sharing network. Internal testing began this quarter, with full
implementation expected by the end of the first quarter of 2020.
In
Q3 2019, BTFS Mainnet will be launched for public access and will power
all TRON decentralized applications that require a decentralized
storage network. Preliminary developer tools will be available and a few
outstanding popular dApps built by the community will be running on the
platform, including the upcoming TronMovie and BitTorrent Pix.
For more information on BTFS and the BitTorrent roadmap, visit https://www.bittorrent.com/btfs.
About BTFS
BitTorrent
File System (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. BitTorrent Speed
rewards BitTorrent users with BitTorrent (BTT) in exchange for seeding
and bandwidth, enabling faster downloads. Users now have the opportunity
to be a part of the tokenized decentralized internet and support
content creators all around the world from their torrent clients.
About TRON
Founded in September 2017 by Justin Sun,
TRON is dedicated to creating a boundary-free internet that inspires
innovation across industries. TRON and its subsidiary BitTorrent give
users direct access to applications, content, and media by combining
best-in-class blockchain approaches with innovations in peer-to-peer
sharing and other technologies.
SOURCE BitTorrent
CONTACT: Cliff Edwards, [email protected]
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