BTFS Protocol v4.0 Mainnet Launches with Key Upgrades

The BitTorrent File System (BTFS) Protocol has officially launched its v4.0 mainnet, marking a significant milestone in the evolution of decentralized storage solutions. This release brings forward a series of enhancements aimed at improving the network's operational efficiency and decentralization, according to BitTorrent Inc..

Key Upgrades with BTFS v4.0

The v4.0 upgrade introduces three pivotal proposals: BTIP-89, BTIP-90, and BTIP-91. BTIP-89 is designed to transform BTFS’s operational model by integrating Storage Providers (SPs) as dedicated nodes, significantly enhancing the network's reliability. This change addresses previous concerns about data redundancy and availability.

BTIP-90 utilizes smart contracts to manage and store file metadata, which is expected to increase the transparency and auditability of transactions within the network. This move towards a more transparent system is likely to enhance user trust and adoption.

BTIP-91 focuses on distributed governance, leveraging smart contracts to facilitate decentralized decision-making processes. This initiative aims to empower the community by allowing more participatory governance, a core principle of blockchain technology.

Community and Resources

The BTFS community is encouraged to engage with the new system through various platforms. The resources available for the BTFS v4.0 mainnet include the GitHub repository, BTFS Dashboard, official BTFS website, BTFS SCAN, and detailed documentation, all of which provide comprehensive insights into the new features and operational guidelines.

BTFS has also emphasized the importance of community feedback and interaction, inviting users to join their community channels on Discord, Medium, and X (formerly Twitter) to discuss the updates and share their experiences.

About BTFS

The BitTorrent File System serves as a decentralized file storage protocol and application, facilitating content-addressable peer-to-peer file sharing. This open-source platform supports decentralized applications (Dapps), offering a robust foundation for innovation in the blockchain space. The BTFS team continues to refine network operations and market strategies, including dynamic adjustments to upload pricing and airdrop reward schemes, to bolster the ecosystem's growth and sustainability.