BitTorrent File System (BTFS) is a protocol for storing and sharing digital content in a decentralized file system. It bears obvious analogies to the InterPlanetary File System (IPFS), which both predates it and forms a natural competitor to BTFS. There are many similarities between the two distributed file standards but there are also some key differences. In this review, we’ll consider what each file system has to offer and why BTFS ultimately comes up trumps.
What’s the Deal With IPFS?
IPFS is a protocol and peer-to-peer network for storing and sharing data within a distributed file system. It forms a key component of the distributed web, or Web3 as it’s also known: an internet characterized by self-sovereignty of data, greater privacy and ownership of content. IPFS takes the content currently housed on centralized servers and scatters it across the web in a manner that makes it very hard to censor or steal.
As open source technology, anyone can use IPFS, but the best known application of its capabilities can be seen in Filecoin, a crypto-incentivized distributed storage network that is still under development. Filecoin began life in 2017 with a record-breaking $257 million ICO. The lengthy wait for the project’s mainnet can be attributed to the complexity of working with IPFS and of building a tokenized file sharing network from the ground up.
What About BTFS?
BitTorrent File System is a scalable decentralized storage system that’s designed to support decentralized applications (dApps). It provides many of the same capabilities as IPFS, but BTFS is bolstered by the components it’s been built around, starting with the TRON network and the thousands of dApps it supports. Connected to an established and diverse crypto ecosystem, BTFS has a large user base to call upon, and carefully designed tokenomics that provide