HPFS or High Performance File System, is a file system created specifically for the OS/2 operating system to improve upon the limitations of the FAT file system. It was written by Gordon Letwin and others at Microsoft and added to OS/2 version 1.2, at that time still a joint undertaking of Microsoft and IBM.
Among its improvements are
It also can keep 64 KiB of metadata ("Extended attributes") per file.
IBM offers two kind of IFS drivers for this file system: the standard one with a cache limited to 2 MiB, and HPFS386 provided with the server versions of OS/2. HPFS386's cache is limited by the available memory. It's highly tunable by experienced administrators. Thus, HPFS386 is faster, but IBM is required to pay Microsoft for each copy sold.
Because of the Microsoft dependence and the longer disk check times after a crash, IBM ported the journaling file system JFS to OS/2 as a substitute.
There are also third-party drivers for DOS and Linux and official ones for Windows NT.
Disk file systems | IBM software | Microsoft software | OS/2
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