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Singapore, Could 28, 2024 –To maintain the expansion and success of the BitTorrent ecosystem, BTFS is about to implement a halving on the following spherical of rewards for storage miners on the BTFS community. From 00:00 (UTC) June 25, 2024, the each day rewards for storage miners on the BTFS community can be halved from 15 billion BTT to 7.5 billion BTT.
The BitTorrent File System (BTFS) is a decentralized file storage system that makes use of blockchain know-how and peer-to-peer transmission. It permits customers to retailer their information throughout a number of nodes in a distributed method, enhancing file safety and reliability. BTFS additionally presents fast file switch and entry, giving customers higher comfort in managing and sharing information. By integrating key options of the BitTorrent Chain (BTTC), corresponding to cross-chain connectivity and multichannel fee choices, BTFS considerably enhances consumer expertise.
At the moment, the BTFS community is experiencing fast progress with over 8 million nodes throughout the community, together with greater than 6 million tremendous miners, in response to BTFS SCAN. To help the environment friendly operations of those nodes, BTFS initiated a rewards program and has offered an combination of 25 trillion BTT because the launch of BTFS Mainnet in 2019.
Each two years, the BTFS rewards halving will happen inflicting the rewards for all storage miners throughout the community to be minimize in half.
(Halving roadmap)
Furthermore, halving will even immediate miners to enhance node efficiency by optimizing node operation and decreasing waste.
As well as, an improve of the official web site for the BTFS technical neighborhood and the discharge of BTFS v3.0 Mainnet can be scheduled in sync with the halving. These developments are anticipated to enhance the effectivity of the BTFS protocol, increase the consumer base, and improve its total performance.
Wanting forward, BTFS is dedicated to constantly refining its storage rewards methods. The purpose is to increase the community of nodes taking part in file storage on BTFS, offering builders with an environment friendly, safe, and dependable storage answer boosting each the capability and the transaction effectivity of the BTTC community.
About BTFS
The BitTorrent File System (BTFS) is each a protocol and an internet utility that gives a content-addressable peer-to-peer mechanism for storing and sharing digital content material in a decentralized file system, in addition to a base platform for decentralized purposes (Dapp). The BTFS workforce has been engaged on the newest community operations and BTT market sentiment, and so on., to make a collection of dynamic changes corresponding to add costs and airdrop reward schemes.
About BitTorrent
Based with a number one peer-to-peer sharing know-how customary in 2004, BitTorrent, Inc. is a shopper software program firm based mostly in San Francisco. Its protocol is the biggest decentralized P2P community on the planet, driving 22% of upstream and three% of downstream site visitors globally.
Its flagship desktop and cellular merchandise, BitTorrent and µTorrent, allow customers to ship massive information over the web, connecting legit third-party content material suppliers with customers. With over 100 million energetic customers, BitTorrent merchandise have been put in on over 1 billion units in over 138 nations worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the chance to buy one-year subscriptions of BitTorrent or µTorrent merchandise, together with Advertisements Free and Professional for Home windows. Professional contains anti-virus and anti-malware screening, file changing and playability in HD. Customers can go to bittorrent.com or utorrent.com to be taught extra.
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