Starting June 25, 2024, BTFS will halve daily storage miner rewards from 15 billion BTT to 7.5 billion BTT to sustain the BitTorrent (CRYPTO:BTT) ecosystem's growth.
BTFS, a decentralised file storage system leveraging blockchain technology, has grown to over 8 million nodes.
This halving, occurring biennially, aims to encourage miners to optimise node performance and reduce waste.
Alongside the halving, BTFS will launch BTFS v3.0 Mainnet and upgrade its technical community website.
These enhancements are expected to improve protocol efficiency and expand the user base.
BTFS remains committed to refining its reward strategies to provide a secure and efficient storage solution, boosting the BTTC network's capacity and transaction efficiency.