Share (P2P)
"Share" uses encryption to hide the identity of who is transferring or what they are transferring. It is non-centralized so it cannot be easily shut down and it supports multiple source "swarm" downloading. All files are transferred encrypted so they must be decrypted upon download completion. In the meantime they are stored in encrypted form in a "Cache" folder. This folder is also used to allow recently downloaded files to be shared among the network based on priorities.
Disk encryption
With transparent encryption, the files are accessible immediately after the key is provided, and the entire volume is typically mounted as if it were a physical drive, making the files just as accessible as any unencrypted ones. No data stored on an encrypted volume can be read (decrypted) without using the correct password/keyfile(s) or correct encryption keys. The entire file system within the volume is encrypted (including file names, folder names, file contents, and other meta-data).