Share this article
Cloud Provider Xunlei Launches Blockchain File System
Xunlei Limited announced that it has launched a distributed file system called ThunderChain File System (TCFS) for its blockchain platform.
By Muyao Shen
Updated Sep 13, 2021, 8:08 a.m. Published Jul 6, 2018, 7:30 p.m.
Make us preferred on Google
Chinese technology company Xunlei Limited, known to some as the BitTorrent of China, announced Friday that it has launched a new distributed file system aimed at supporting blockchain platforms.
The ThunderChain File System (TCFS), as well as three ThunderChain Request for Comments (TRC) standards, will help support blockchain development, the company said in statements. The new file system, in particular, aims to combine features of existing platforms like IPFS and filecoin, while adding new security and flexibility tools.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The news came out during a ceremony hosted in Shenzhen, China, right before the company unveiled the winners of an international blockchain application competition it also sponsored.
Xunlei first announced it was launching ThunderChain in April, when the company claimed its new blockchain would be able to provide "processing capacity in the millions of transactions per second," as previously reported by CoinDesk.
The new TCFS, according to Friday's release, is built specifically for blockchain platforms like ThunderChain. The TRC standards are aimed to help build up the ecosystem by allowing third parties to build upon the company's blockchain.
Xunlei CEO Lei Chen said in a statement that the company "is committed to amplifying the power of individuals through technological innovation."
He added:
"That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain. We are also delighted to see a large number of practical blockchain projects developed during the challenge and would like to thank everyone for their great contribution."
Notably, the company entered the blockchain industry last October, as CoinDesk previously reported, but also has since been subject to two ongoing class action lawsuits over an alleged initial coin offering (ICO) from its investors.
Xunlei's website image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Crypto ETFs with staking can supercharge returns but they may not be for everyone
From yield potential to custody risks, here’s how direct ETH and staking funds compare for different investor goals.
What to know:
- Investors can now choose between owning ether directly or buying shares in a staking ETF that earns rewards on their behalf.
- While staking ETFs offers yield, they come with risks and less control than holding ETH in an exchange or wallet.
- Grayscale’s Ethereum staking ETF recently paid $0.083178 per share, yielding $3.16 in rewards on a $1,000 investment.
Top Stories
