Bluzelle Price Chart Update [BLZ]

The BLZ price update as of now is $0.3591. In the previous 24 hours, its trading volume was $9,478,675, and its value has decreased by -0.75%. As of now, BLZ's live market cap is $153,732,760, and it is ranked as the #290 on the Coincu. BLZ has a circulating supply of 500,000,000 and a maximum supply of 500,000,000.

Introduction to Bluzelle

Bluzelle is a platform that specializes in providing database hosting services for decentralized applications (dApps) built on blockchain technology. Its main focus is on storing smaller and fixed-size data, making it easy to locate and access information within its database.

The creation of Bluzelle was driven by the need to address the limitations of existing database systems for dApp developers. These limitations include high costs, limited scalability, and complex storage. Bluzelle combines the principles of the information sharing economy with the crypto economy.

Bluzelle utilizes two main tokens within its platform: BLZ and BNT.

• BLZ is the primary public token of the project, which is used to purchase BNT.
• BNT, on the other hand, is the internal token specific to the Bluzelle project. It is used for payment in data storage and retrieval services within the platform.

The Bluzelle token gateway allows for the exchange of BLZ and BNT tokens. Token holders can create value by converting their BLZ tokens into BNT and utilizing it for various services offered by the Bluzelle platform.

The Unique Features of Bluzelle

Bluzelle's Vision

Bluzelle aims to provide an intermediate storage solution for the blockchain ecosystem. While blockchain itself is a protocol akin to the internet as a communication protocol, additional middleware applications are required to fully leverage its potential. This is where Bluzelle identified its opportunity.

The original objective of Bluzelle was to establish a decentralized database network.

The Bluzelle database network involves producers who contribute their computers for the transaction confirmation process and lease their hardware resources to the network in exchange for bitcoin rewards. Software developers and other consumers can then utilize this network for their applications.

Ultimately, Bluzelle seeks to offer a secure, efficient, and cost-effective solution for data management. Its ultimate goal is to contribute to the infrastructure needed to power the decentralized internet.

To achieve its vision, Bluzelle is developing a solution for storing small bits of data across computers worldwide. This data is encrypted and inaccessible to unauthorized parties.

Bluzelle's Standout Qualities

Bluzelle stands out from other platforms thanks to its exceptional features:

• Privacy and Security: Bluzelle employs cryptographic techniques and sharding to ensure the privacy of user data.
• Cost Efficiency: By operating in fewer data centers, Bluzelle incurs lower capital costs, making its services more affordable.
• High Reliability: Bluzelle ensures high reliability by redundantly storing small data pieces across global nodes, eliminating any single point of failure.
• Enterprise Scalability: Bluzelle's intelligent algorithms distribute and store data in a unique and distributed manner, providing scalability that suits the needs of enterprises.
• Data Immutability: Bluzelle utilizes blockchain technology, guaranteeing that once data is stored on the network, it remains unchanged and secure.
• Fast Operational Speed: Bluzelle dynamically adjusts the number and location of nodes that handle consumer data, optimizing performance metrics.
• Enhanced Security: Bluzelle's consensus algorithm is the sole accepted method for updating the network, ensuring the integrity and security of the data.