NTFS (New Technology File System) is the standard file system of Windows NT, including its later versions Windows 2000, Windows XP, Windows Server 2003, Windows Server 2008, and Windows Vista.
NTFS supersedes the FAT file system as the preferred file system for Microsoft’s “Windows”-branded operating systems. NTFS has several improvements over FAT and HPFS (High Performance File System) such as improved support for metadata and the use of advanced data structures to improve performance, reliability, and disk space utilization, plus additional extensions such as security access control lists (ACL) and file system journaling. The file system specification is a trade secret, although it can be licensed commercially from Microsoft through their Intellectual Property licensing program.
Reference:
http://en.wikipedia.org/wiki/Ntfs
