BTFS 4.0 Overview

Overview

BTFS (BitTorrent File System) is a comprehensive decentralized storage solution designed to leverage the powerful capabilities of blockchain technology to drive innovation in data ownership and the data economy. By providing decentralized data management and access, BTFS fundamentally transforms traditional data economic models and tightly integrates with the BTTC Chain to build an efficient storage and sharing ecosystem.

BTFS works collaboratively with Storage Providers (SP) to form a decentralized object storage system, which is a core pillar of the new data economy. The platform is a leader in the field of distributed file sharing technology, particularly excelling in the Decentralized Physical Infrastructure Network (DePIN) sector. The core concept of DePIN is to encourage network participants to invest resources through a token incentive mechanism, collectively deploying and maintaining a more stable and efficient network infrastructure.

Key Features

As a leader in the DePIN space, BTFS v4.0 offers the following advantages:

• Decentralized Storage: BTFS utilizes its globally distributed network to achieve decentralized file storage. This approach significantly enhances data redundancy and effectively reduces the risk of data loss compared to centralized storage models that rely on a single server.
• Enhanced Security: The decentralized nature of data storage makes it difficult for attackers to simultaneously target all network nodes, significantly improving the overall security and resilience of the system.
• Censorship Resistance: The inherent characteristics of decentralized storage systems ensure that no single organization can easily censor or block content, thereby guaranteeing the free flow and access of data.
• Seamless Integration with the BitTorrent Ecosystem: The seamless integration of BTFS with the BitTorrent ecosystem allows users to freely access and share files, as well as efficiently conduct cross-chain transactions and payments via BTTC.
• Transparent Market Mechanism: BTFS's market mechanism ensures complete transparency in storage and payment processes, providing users with maximum data visibility.
• Advanced Encryption Technology: BTFS employs advanced encryption technologies to significantly enhance data privacy and security, ensuring data integrity and effectively preventing unauthorized access during transmission and storage.

Ecosystem and Incentive Mechanism

To enhance network efficiency and storage service quality, and to ensure the long-term stable development of the BTFS network, BTFS 4.0 introduces a new incentive model focused on high-performance and stable Storage Providers (SP). This strategy aims to attract nodes with strong technical capabilities and ample resources to collaboratively build a highly available and reliable decentralized storage system.

As the number of network users continues to grow, the incentive mechanism of BTFS will play a key role. By rewarding high-performance storage providers and actively participating users, more nodes will join the network, encouraging users to upload files. As the volume of uploaded files increases, storage providers will earn more rewards, creating a positive feedback loop that further enhances the stability of the network and the supply of resources to meet the ever-growing user demand.

Architecture

PriceOracle Contract

The PriceOracle contract updates storage prices across the BTFS network in a timely manner.

Vault Logic Contract

Each node deploys a vault contract to manage storage fee payments (in WBTT). Renters pay hosts via a cheque after uploading files to BTFS, allowing hosts to cash out WBTT from the renter's vault. The vault contract is upgradeable, deployed in UUPS proxy mode, which requires an implementation contract (the logic contract). Only the node owner can upgrade the corresponding logic contract.

PriceOracle Contract

PriceOracle contract is used to timely update the storage prices in the entire BTFS network.

Online Proof Contract

This contract stores the Merkle root of daily online proof data for all nodes and provides an interface to verify users' online proof data.

File Metadata Status Contract

The File Metadata Status Contract manages and stores file metadata through smart contracts, enhancing transparency, auditability, and decentralization in file management within the network.

Airdrop Contract

The airdrop contract distributes token rewards to SP nodes.

BTFS Pricing

WBTT Price

You can use the BTFS pricing calculator to estimate storage costs.

Other Token Price

After BTFS 2.3, multi-token (TRX, USDD_t, USDT_t) is supported to pay BTFS cheques, and the
price of other token will be converted to BTT based on the current exchange rate. The specific price can be queried in Price Oracle Contract

📘

Note: When uploading files, renters can set the number of redundant files (excluding original files) to --copy=num. For instance, if num equals 2, it means that three files have been uploaded with one original file and two redundant files.The pricing structure shown above is still under test and is subject to further changes. The team will work to introduce a more advanced pricing structure in the near future.

Future Outlook

BTFS is a leading project in the DePIN field, dedicated to advancing the development of decentralized physical infrastructure networks. With continuous technological progress and community growth, BTFS will play an increasingly important role in the decentralized world, particularly in applications that integrate with artificial intelligence (AI).

In the future, BTFS will leverage AI technology to optimize data management and storage efficiency, providing intelligent resource allocation and predictive analytics. Through machine learning algorithms, BTFS can analyze network performance and user needs in real-time, automatically adjusting storage strategies to enhance user experience. Furthermore, the incorporation of AI will facilitate the development of more efficient decentralized applications (DApps), enabling developers to create smarter and more personalized services.

Join the Community

We warmly invite you to join our Discord community for more information and support. Your participation is vital for the future of BTFS. Let’s work together to embrace the new era of decentralized storage!