With the rapid growth of blockchains giving rise to thousands of Dapps, all of them face the problem of data storage. Choosing a reliable platform is very important for most projects today. Today, let’s learn about this Bluzelle project with GTA!
What is Bluzelle (BLZ)?
Bluzelle is a decentralized storage network for the creative economy that provides database storage for dapps. It offers high security, independent availability, and is censorship resistant.
It will help protect users’ data no matter who they are, no matter how much their data is, Bluzelle can immediately respond to users.
Bluzelle also integrates Tendermint, the most optimal byzantine fault tolerance system available today.
Features of Bluzelle
Bluzelle offers completely decentralized storage, which combined with the use of blockchain technology has made Bluzelle’s storage capabilities superior than ever.
Bluzelle does opposie and stores data just like a traditional database – updated and deleted at a low cost.
Developers with Bluzelle can get multi-zone coverage for the same price.
It is composed on a set of independent nodes with no hierarchy, data and files are randomly stored on many nodes to ensure decentralization. As their customers grow in different countries, developers can continue to serve them without interruption.
You only need to pay once for data backup service on all Bluzelle nodes. Bluzelle will make sure your files are always there and you can access them at any time.
Users’ data and files will be built-in on Bluzelle’s nodes, so data access will also be very fast.
Some products on Bluzelle
BluzelleNet: BluzelleNet is the mainnet enabling cryptoeconomics on a decentralized storage network. It will allow validators participating in the network to verify all transactions and receive staking rewards and transaction fees.
Denomination: This is a Play to Earn game developed on Bluzelle
Bluzelle R2: A data repository for files and NFTs
Oracle: Bluzelle Oracles provides a reliable source of pricing data for Defi applications.
Highlights of Bluzelle
Bluzelle integrates the Tendermint consensus mechanism, to increase network fault tolerance and increase network security.
Currently, Bluzelle’s suppliers are present in most of the leading countries in the world and in the future will expand to many different countries.
Customers can be served anywhere in the world without being limited by geographical distance, and the cost of using the platform is also extremely low.
The process of processing and retrieving data on Bluzelle is handled very quickly, this is because the user’s files and data will be available on Bluzelle’s nodes, so the processing and data retrieval takes place. very fast.
Roadmap- Project roadmap
- Launch of Bluzelle testnet
- Edge caching
- Deploy Ethereum Smart contract
- Historical data audit
- Launching reward and reward mechanism
- Substrate pallets connected to Bluzelle testnet
- Support Polkadot chain
- Substrate pallet connected to Bluzelle mainnet
- Supports Polkadot Kusama and relay chains
- Support for Stagaze Cosmos
- Connect with IBC
- Support backend and client for oracle
- Support running Bluzelle Mainnet
- Private key management for Polkadot
- New node support
- Update more features
- Support running mainnet
- More features
- You can also read more about Bluzelle’s roadmap here.
CEO, Pavel Bains: Having more than 15 years of experience in technology activities, he is also the co-founder of Storypanda, one of the leading digital platforms in the world.
CTO, Neeraj Murarka: He is a computer engineer with more than 20 years of experience, he has worked for many leading companies in the world such as: Google, IBM,…
Advisor, Brian Fox: As the CTO of Orchid, he will help Bluzelle plan the direction of its platform
Advisor, Prashant Malik: He is a former Facebook engineer with many years of experience
Bluzelle’s partners are mainly projects using Bluzelle’s products, currently most of Bluzelle’s partners are projects built on the Polkadot ecosystem. Points that can be mentioned here are: Polkadot, Cere, Reef, TomoChain, …
Token Use Case
The project’s BLZ token will be used for the following purposes:
- Payment for transactions on the Bluzelle . network
- Billing for Bluzelle DB & Oracle services
- Stake to get rewards
- Token Name: Bluzelle Token
- Ticker: BLZ
- Blockchain: Ethereum
- Standard: ERC-20
- Contract: 0x5732046a883704404f284ce41ffadd5b007fd668
- Token type: Utility Token
- Total supply: 500,000,000 BLZ
- Circulating supply: 311.507.085 BLZ
- Public: 40%
- Reserved for future use: 20%
- Founding team: 15%
- Early backer, partner, investor: 15%
- Developer and community growth fund: 10%
Use of funds
- Research & Development: 55%
- Sales & Marketing: 20%
- Network costs: 10%
- Operations: 10%
- Accounting, Legal, Compliance: 5%
Token Release Schedule
- 15% (75 million) for founders, 5% (25 million) for company employees
- 5% (25 million) for True Global Ventures will be unlocked every 6 months for 4 years
- 10% (50 million) for advisors and bounties will be unlocked in about 12-24 months.
Detailed information can be found here.
Current BLZ token rate
I will get data from Coingecko so that everyone can update the price of BLZ in the most accurate way.
Where to buy and sell BLZ tokens?
Currently, you can trade BLZ tokens on leading exchanges such as: Binance, Gate.io, Huobi, MEXC,,….
In addition, you can also buy BLZ with VND here
Database storage is an indispensable need in all fields. With the advantages provided by Bluzelle, it can be assessed as a fairly potential project. If you compare it with google’s cloud, microsoft’s onedrive, etc., you will clearly see the potential for developing and expanding database storage, but to put it into practice, Bluzelle needs more time to perfect.
Above is the basic information that GTA Research provides to you about the Bluzelle project, hopefully through the above article you have gained useful information.
The above article is for reference only, not to encourage investment.
Virtual currency corner