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Bluzelle

BLZ

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About Bluzelle

BLZ is the token powering the Bluzelle platform and decentralized storage network. BLZ can be used to pay for transactions, storage, staking, and voting on the future of the network. Note: Coinbase currently only supports BLZ running on the Ethereum blockchain (ERC-20).

Bluzelle (BLZ) is a decentralized storage network that aims to safeguard the intellectual property of creators across various fields, including artists, musicians, scientists, publishers, and developers. It strives to provide a highly available and secure database, resistant to censorship. The Bluzelle ecosystem, powered by its Tendermint Blockchain, includes a decentralized database (Bluzelle DB), a decentralized pricing oracle (Bluzelle Oracles), and a staking platform (Bluzelle Staking). The BLZ token is integral to the Bluzelle ecosystem, enabling users to pay for network transactions, access BluzelleDB and Oracle services, and stake their tokens to receive compensation.

Bluzelle operates on a 10,000 TPS Proof-of-Stake network known as BluzelleNet. This network strives to provide a highly available and secure database by encouraging a large number of nodes to collaborate. The process of becoming a validator on BluzelleNet is designed to be straightforward, requiring minimal technical knowledge. Those who do not wish to become validators can delegate their tasks to another validator, ensuring everyone can participate in the network and receive compensation. The BLZ token is used to pay for network transactions, access BluzelleDB and Oracle services, and stake tokens to receive compensation.

Bluzelle aims to serve the creator economy, providing a platform for creators to control their intellectual property free from gatekeepers. Its decentralized storage network is designed to protect the intellectual property of creators, making it suitable for artists, musicians, scientists, publishers, and developers. Bluzelle also intends to provide a marketplace for NFTs and game assets, providing storage and quick transactions. Additionally, Bluzelle's decentralized database and oracle services can be used by software developers to store information and provide fast, secure pricing data for DeFi applications.

Bluzelle was founded by Pavel Bains and Neeraj Murarka to address the fragmented data link in the blockchain and DeFi space. Both founders have extensive technological experience and a history of working with global companies. Pavel Bains previously co-founded Storypanda, a digital book platform that worked with titles by DreamWorks, Warner Bros, and others. Neeraj Murarka is an engineer and computer systems architect with over 20 years of experience working with global companies including Google, IBM, Hewlett Packard, Lufthansa, and Thales Avionics. The Bluzelle team, based in Singapore and Vancouver (Canada), has received the Technology Pioneer Award from the World Economic Forum and has been recognized by Forrester as a blockchain vendor in Asia.

Bluzelle's caching mechanism is designed with the intention of improving data retrieval speed by leveraging a decentralized data cache network. This network is structured to support applications globally, with a focus on companies with large data storage requirements. Bluzelle's data cache solution is designed to handle high demand scenarios by storing popular information, including frontend data, on a temporary basis to reduce the load on the database. This decentralized system, with nodes around the world, is designed with the intention of improving data delivery speed. This approach is designed with online gaming in mind, where latency can impact the user experience.

Bluzelle employs a unique consensus algorithm known as "Swarm" that is designed for data storage and retrieval. This network of nodes collaborates to maintain data integrity. Bluzelle places an emphasis on safety measures, utilizing encryption and distributed storage to protect user data. This is intended to be a solution for businesses that require storage. The decentralized nature of the network aims to reduce the risk of single points of failure, with an intention to enhance data security. Bluzelle's network is operated by node operators who provide storage and retrieval services, with the aim of ensuring the availability of data within the ecosystem.

Bluzelle employs a consensus mechanism known as Practical Byzantine Fault Tolerance (PBFT). This mechanism is utilized to strive for consistent and reliable data on the network, even in the presence of malicious actors or Byzantine faults. PBFT is a method used for achieving consensus in decentralized systems. Bluzelle can function alongside various blockchain platforms. The project provides web hosting with decentralized architecture on the Bluzelle testnet. The Bluzelle system relies on network participants to share their redundant storage with other users who then utilize that storage for their data. Users who participate by sharing their storage receive BLZ tokens, the native tokens of the network.

Bluzelle employs a unique architecture known as Swarm, which is based on Tendermint's Byzantine Fault Tolerant (BFT) technology, and a Proof-of-Stake (PoS) consensus mechanism. This combination is intended to maintain a high level of availability and resistance to censorship. Additionally, Bluzelle uses a data processing technique known as sharding, which is designed to maintain the platform's performance. Bluzelle also has a gaming-focused blockchain that aims to maintain high throughput and low fees, and decentralized storage for gaming non-fungible tokens (NFTs). By facilitating connections between users who need storage space and those who have extra storage space, Bluzelle plays a role in supporting DeFi applications.

Bluzelle strives to address the scalability issues associated with traditional databases in blockchain by leveraging a decentralized approach to data management. Traditional databases often face challenges with handling large-scale data and providing efficient access. Bluzelle's solution to this problem involves distributing data across multiple nodes, which aims to ensure faster and more reliable access. This decentralized approach is facilitated by a consensus algorithm called "Swarm", which intends to enable efficient data storage and retrieval by utilizing a network of nodes working together to ensure data integrity and security. This approach aims to address scalability and seeks to improve the reliability and security of data storage. Bluzelle is designed with the intention to provide businesses and developers with a potential solution for secure and efficient storage for decentralized applications (dApps).

Market

Market stats

Market cap

$146.0M

Volume (24h)

$4.9M

Circulating supply

428.1M BLZ

Typical hold time

13 days

Popularity

#339

All time high

$0.91

Price change (1h)

-0.41%

Price change (24h)

-1.95%

Price change (7d)

-21.27%

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Bluzelle is on the decline this week.

The price of Bluzelle has decreased by 0.41% in the last hour and decreased by 1.95% in the past 24 hours. Bluzelle’s price has also fallen by 21.27% in the past week. The current price is $0.34 per BLZ with a 24-hour trading volume of $4.88M. Currently, Bluzelle is valued at 62.71% below its all time high of $0.91. This all-time high was the highest price paid for Bluzelle since its launch.

The current circulating supply of Bluzelle is 428,076,890.728 BLZ which means that Bluzelle has as total market cap of 428,076,890.728.

FAQ

What is the current price of Bluzelle?

We update our Bluzelle to USD currency in real-time. Get the live price of Bluzelle on Coinbase.

What is the market cap of Bluzelle?

The current market cap of Bluzelle is $146.03M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bluzelle?

The all-time high of Bluzelle is $0.91. This all-time high is highest price paid for Bluzelle since it was launched.

What is the 24 hour trading volume of Bluzelle?

Over the last 24 hours, the trading volume of Bluzelle is $4.88M.

What other assets are similar to Bluzelle?

Assets that have a similar market cap to Bluzelle include Yield Guild Games, Syntropy, BORA, and many others. To see a full list, see our comparable market cap assets.

How many Bluzelle are there?

The current circulating supply of Bluzelle is 428 million.

What is the typical holding time of Bluzelle?

The median time that Coinbase customers hold Bluzelle before selling it or sending it to another account or address is 13 days.

What is the relative popularity of Bluzelle?

Bluzelle ranks 177 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bluzelle?

Currently, 77% of Coinbase users are buying Bluzelle. In other words, 77% of Coinbase customers have increased their net position in Bluzelle over the past 24 hours through trading.

Can I buy Bluzelle on Coinbase?

Yes, Bluzelle is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bluzelle guide.

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