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BitTorrent Proposes A Decentralized File Storage Challenge Method

Twitter icon  •  Published 2 years ago on October 19, 2023  •  Hassan Maishera

The BitTorrent team announced via X (formerly Twitter) on Thursday that the BTFS technical community has recently launched the BTIP-55 proposal discussion.

BitTorrent Proposes A Decentralized File Storage Challenge Method

The BitTorrent team announced via X (formerly Twitter) on Thursday that the BTFS technical community has recently launched the BTIP-55 proposal discussion. The BTIP-55 proposal aims to drive an upgrade in the file storage challenge method, moving from a centralized model to a more decentralized challenge model.

The proposal is currently in Draft status and BitTorrent wants its community members to participate in the discussion and give valuable suggestions

The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network. BTTC is trading at $0.00000037 at press time, down by 2% in the last 24 hours.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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