In less than few days after the founder of TRON Justin Sun aroused the interest of the community with upcoming "amazing" event, he made things clear announcing the launch of a new generation of decentralized file storage service. The statement was made on Twitter on May 27.
The new service will be called BitTorrent File System (BTFS), and, according to Justin Sun, will be positioned as the largest P2P storage network.
"Welcome to the next generation of decentralized storage systems! #BTFS will be the largest decentralized P2P storage network with close to 100 million @BitTorrent user nodes, over 1000 #TRON full nodes, 27 SR nodes, and global #TronGrid nodes," reads the announcement.
TRON founder is confident that BTFS will become a fundamental platform for DEX applications. Details are not specified yet, on May 30, the product will begin to function.
For reference, TRON acquired BitTorrent for $140 million to expand its file-sharing capabilities in June 2018. BitTorrent is the instigator of peer-to-peer file sharing. The service has gathered about 150 million users since it appeared in the market in 2001. In January 2019, the BTT project’s own token was launched.
With Sun`s statement, the BitTorrent coin (BTT) soared in value. In particular, BTFS was ranked 31st and posted an upturn of 19.42%, while the price was $0.001627 with a market cap of $345,154,577.