Bluzelle

Overview of Bluzelle

Bluzelle, a “decentralized” data network, has reportedly found an “important” bug in seemermint, the consensus mechanism for the Cosmos ecosystem, which aims to facilitate blockchain interoperability (communication between independent or separate blockchain networks).

Bluzelle, a licensed Canadian firm based in Vancouver, is co-founded by Pavel Bains, a Disney and 500 Startups alum and Neeraj Murarka, who has worked with Google and Zynga and was recently at Zeroblock, a crypto-startup that was acquired by Blockchain.info.

Bluzelle, a distributed key-value store edge caching service providing high-performance and high availability, has announced it will be pushing back its ‘Curie’ mainnet launch to the end of March 2020.

Bluzelle has already started developing partnerships and collaborating with Polkadot based applications, but soon it will be able to offer its full range of services to any project built on the Polkadot network.

Bluzelle combines the sharing economy with the token economy – renting individuals' computer storage space to earn tokens while dApp developers use tokens to have their dApp's data stored and managed.

Bluzelle got off to a stunning start in 2018, with one of the most hyped initial coin offerings, an incredibly professional whitepaper, and a launch that saw it listing immediately on top exchange Binance.

Bluzelle was one of the few ICOs I really wanted to get into since they had a business plan that made sense and has a space that is in dire need of cheaper, more efficient data storage.

Bluzelle comes into play by providing a system where users can fully control and access their data, and also allows them curate data or sell excess storage space to other users.

Bluzelle stores tiny pieces of data on groups of nodes (swarms), eliminating any “single” point of failure, this makes bluzelle’s swarm the backbone of the platform.

Bluzelle price Index provides the latest BLZ price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Blockchain

Pavel collaborated with DreamWorks, Warner Brothers, and he is also a co-founder of a large Storypanda startup.Bluzelle ICO has been running since Jan 18 until Jan 20, 2018.The development team decided to use elements of blockchain technology to create a better, more reliable and stable ecosystem.Key figures in the Bluzelle project are Pavel Bains, the co-founder of the project and its CEO, and Neeraj Murarka, the architect and CTO of the startup.

Mine

This producer economy is called a swarm of nodes in the Bluzelle economy, or a metaswarm.To make it sound more blockchain, the producers are in effect miners who are lending their computing resources to the Bluzelle network in exchange for a reward.

Network

Join us for the 15-day countdown with a series of livestreaming, AMAs and community events.🎉

▶️Read more:
blog.bluzelle.com/march-to-mainnet-update-the-countdown-is-on-c1a2a98d6c03

🔁Retweet:
twitter.com/BluzelleHQ/status/1351515142966505475?s=20Let's count down 15 days to February 3rd 🕐

We are excited to confirm the launch of Mainnet on February 3, just 15 days from now!The Bluzelle Mainnet date is confirmed!This grand debut of the Bluzelle network will mark the arrival of decentralized storage that can operate at massive scale, with super low latency, and with industry-changing anti-censorship features.🚀

This is a great time to thank our epic community for being part of this journey and celebrate the milestone together!Yes!

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Bluzelle is using the delegated-proof-of-stake consensus.Consumers pay Bluzelle tokens to store data on the network.Delegators can also stake their tokens with one of the validators to earn staking rewards.There are three main types of participants in the Bluzelle ecosystem: validators, delegators and consumers.They earn the network transaction fees paid by the consumers.Validators run a Bluzelle node to provide storage space to the network, and are responsible for verifying the authenticity of data transactions.

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Does Bluzelle Have a Regional Focus?

The company has office in both Singapore and Canada.Their aim is to gain a foothold in two of the most anticipated regions for growth in the dApps economy namely US/Canada and Asia Pacific.

How advanced is the project?

Bluzelle was founded in 2014 by Pavel Bains and Neeraj Murarka.

How Can You Buy Bluzelle BLZ?

You are not able to purchase BLZ with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for BLZ at an exchange such as Binance.

How do I buy Bluzelle?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Bluzelle.

How Do You Use Bluzelle?

You can use Bluzelle as either a consumer of a producer.Consumers are the developers who use the database services for their dApps and have to buy and spend tokens.There is protection built into the blockchain in the form of Ethereum smart contracts where a consumer will get a refund of tokens if, for example the provider did not meet the agreed service levels.A producer is anyone who rents out their computer resources on the Bluzelle network and earns BLZ tokens.The underlying infrastructure of Bluzelle runs its own blockchain and BNT tokens.

How Does Bluzelle Deal With Consensus?

There is no need for a network-wide agreement as in other blockchain technologies where the entire blockchain needs to be synchronized.Consensus is reached on a swarm level where devices agree on the localized data.Bluzelle has customized proof of storage consensus where nodes have to prove that they have the correct data.

How Does Bluzelle Make Money?

There is a small transaction fee on the conversion of the BLZ token to the internal BNT token.This is automatically subtracted from the transaction and sent to an Ethereum wallet owned by Bluzelle.

How Does Bluzelle Work?

At its core Bluzelle uses swarm technology.This means that the network consists of groups of computers that collaborate to manage and store data.These nodes are independent players and can join or leave the network as they wish.

How Is The System Moderated To Ensure Quality?

Each producer on the blockchain will have a rating on the “Karma index” system.This is a score that shows how well they have contributed to the network.This score will increase with good behaviour and points removed for negative behavior.The score relates to their performance as a whole.For example, if one of their devices has delivered a poor service then their entire rating is affected on the system.

How to buy Bluzelle on SimpleSwap?

With the Bluzelle project growing and expanding gradually, it may be interesting to become an owner of Bluzelle tokens.

Is The Team Credible?

The Bluzelle team has 10 main members that are skilled in business, marketing and technology.The co-founders have a vast amount of digital experience.The CEO Pavel Bains has launched his own tech startup as well as client-managed Disney Studios for a video game company.His business partner Neeraj Murarka is an experienced engineer and computer systems architect and most notably the fourth employee of the blockchain startup Zeroblock.

Is there a better way to get BLZ from Binance to Metamask?

Hey everyone.Been trying to transfer my BLZ from binance to metamask so I can stake it but the fees to transfer are 71 BLZ.Kinda steep.

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What Are Some Applications for Bluzelle?

Prediction markets that require fast access to reliable data to attract new customers and provide a trustworthy service.This requires a massive amount of data to make informed decisions.Historical data can be used to help people make better predictions based on fact and not only speculation.Next, decentralized currency exchanges need an off-chain database for relayers.Relayers are the mechanisms that takes care of storing and updating the order book and calculating fees based on trades.Lastly, data streaming networks connected to Internet of Things (IoT) devices like smart cars also require databases.These devices collect immense amounts of data which need to be stored and managed.They provide this to the network at a cost but also get information from the network for which they have to pay using BLZ tokens.

What are the BLZ and BNT Tokens?

BLZ is an Ethereum ERC-20 token that is supported on exchanges and was sold in the Bluzelle token sale which ended in January of 2018, raising $19 million in funding for the company with a total token supply of 500million.Once you have BLZ tokens, you can exchange them on the Bluzelle network for BNT tokens.

What are the tokens used for and how can token value appreciate?

There are going to be two tokens that power the Bluzelle platform, BLZ and BNT.BLZ is an ERC-20 token that is going to be sold during the public sale.BNT will be used in the Bluzelle internal crypto economy that runs on its own consensus ledger as a faster, no-fee counterpart.The creation of the two-token system is due to the speed limitations and cost of transactions on Ethereum for real-time database accounting.These two tokens will be interchangeable through smart contract, where they are transferred at a 1:1 ratio to and from the respective holders’ Bluzelle network wallet and their registered Ethereum wallet (with a 0.1% conversion fee payable in BLZ).Token users will be developers that are storing, or retrieving various data, and thus will pay in BNT to accomplish that.Producers will be those that are paid for allowing developers to use their storage resources.Producers will have to stake a certain amount of BNT in order to offer their services, and, in the event that a producer does not meet the Bluzelle standard, they will be penalized a certain amount of BNT which will then be awarded to the consumer.As BNT tokens are used as the currency on the Bluzelle platform and BLZ tokens are interchangeable with BNT tokens, the more users and volume the Bluzelle platform has, the more valuable BLZ tokens should be.

What coins are similar to Bluzelle?

The following coins use Bluzelle’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

What Does The Bluzelle Ecosystem Look Like?

The aim is to get Bluzelle integrated into cloud products that developers use so that they can easily find and implement it.The idea is that when developers deploy their dApps using a cloud hosting service they can easily select Bluzelle’s decentralized database without additional knowledge of how to set it up.Also, integrating Bluzelle with the most popular programming IDEs will target native app developers.Built-in tools for operating systems and popular browsers are also planned so that developers can easily access and store table data.

What does the company/project do?

Bluzelle is a decentralized database solution for decentralized applications (dApps).It is different from other file storage projects in that Bluzelle focuses on database while other projects focuses on files.Files are relatively large, of arbitrary size, and their contents are not searchable or structured in any agnostic way.File storage services are optimized to deliver whole files, and lack the granularity required to do search and retrieval within files efficiently.On the other hand, data fields are typically small, of fixed size, and organized in groups and collections and structures to be searchable, for quick storage and retrieval.Data fields are stored in databases to achieve the best security, performance, and scalability metrics.Databases provide fundamental functions like create, read, update, and delete (CRUD), which are absent from file storage services.Bluzelle has indicated in their whitepaper that their intended target for marketing to start will be the early adopters and dApp developers that can take advantage of and see value in the Bluzelle network.Bluzelle database knows exactly what is being asked for and only responds with the needed data, making accessing and changing data more efficient.Instead of all data being accessed on a single server, or several within the same company, the data will be spread out over as many “Producers” as there are on the network.The “Producers” are any people or entities worldwide who offer up their resources in the form of CPU, memory, hard drive storage, and network connectivity which is what will enable a swarm of providers.A swarm is essentially a closely networked group of nodes (computers) that cooperate in providing decentralized access to the aforementioned resources.Bluzelle also plans to have swarms of swarms, with one leader being elected at a given time through which the resources are channeled.This way, should a single node (leader) go down, another one can immediately be “elected” to take its place.

What hashing algorithm does Bluzelle use?

Bluzelle is a coin that uses the ETH Token algorithm.

What is Bluzelle (BLZ)?

Bluzelle is a decentralized data layer for dapps to manage data in a secure, censorship-resistant and highly scalable manner.Bluzelle is powered by Cosmos and its BFT technology Tendermint, making it compatible with various blockchains.As developers continue to build Dapps, relying on centralized databases by AWS, Microsoft and others is a centralized point of failure.True freedom requires the full stack to be decentralized, not just one part.That’s where Bluzelle aims to provide a critical piece in the advancement of Defi, supply chains, gaming, and other Web 3.0 sectors.

What is Bluzelle?

Bluzelle enables Dapps to store their data in a place that is both decentralized and mutable, getting the best of everything.Keep your data fresh but safe from hackers and censorship-resistant.

What is Bluzelle?

Bluzelle got off to a stunning start in 2018, with one of the most hyped initial coin offerings, an incredibly professional whitepaper, and a launch that saw it listing immediately on top exchange Binance.This incredible start made Bluzelle look like every investors once-in-a-lifetime early investment.

What is Bluzelle?

Bluzelle combines the sharing economy with the token economy – renting individuals' computer storage space to earn tokens while dApp developers use tokens to have their dApp's data stored and managed.

What is Bluzelle?

A decentralized, on-demand and scalable database service for dApps..Truly scaleable data storage and management for the world’s next apps.The next-gen database protocol for the decentralized internet.

What is Bluzelle?

Bluzelle enables Dapps to store their data in a place that is both decentralized and mutable, getting the best of everything.Keep your data fresh but safe from hackers and censorship-resistant.

What is Bluzelle?

Bluzelle is a decentralized, scalable database service that aims to provide an effective data storage solution for the newly emerging blockchain ecosystem.It provides a solution to the scaling problems that developers of decentralized applications (dApps) face while using centralized infrastructure and traditional cloud-based databases.Bluzelle uses reliable ”swarm” technology, in which it stores tiny bits of data in groups of nodes or “swarms” which are distributed across the globe.Since this makes it independent of single data centres, Bluzelle’s scaling ability is limitless.Bluzelle adjusts the number of nodes and their location dynamically, reducing request time and improving overall performance.Bluzelle's swarm technology makes it extremely reliable as it redundantly stores pieces of data across the globe, eliminating a single point of failure.Since there are no data centres, Bluzelle’s resources are provided by network “producers”, who earn funds and pass on the savings to users.

What is Bluzelle?

Bluzelle is a decentralized database solution for decentralized applications (dApps).It is built on the latest version of Tendermint/Cosmos protocol.It focuses on database, which is different from other projects that focus on file storage.

What is the Reddit page for Bluzelle?

The official Reddit community (subreddit) for Bluzelle is r/Bluzelle.

What is The Roadmap?

The Bluzelle team has set out an extensive roadmap that will roll out over the next two years.Their short term goals include building a Bluzelle Developer Community centered around developers.Developers are easy to reach online and are an ideal target market for emerging solutions.The aim is to tap into their passion for technology and to get them to build exciting products that function on the Bluzelle ecosystem.This will also help with feedback to create a solid product for the future consumers of Bluzelle.

What is the value of Bluzelle?

One Bluzelle (BLZ) is currently worth $0.39 on major cryptocurrency exchanges.You can also exchange one Bluzelle for 0.00000721 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Bluzelle in U.S.dollars is $112.20 million.

What makes Bluzelle Unique?

BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network.Becoming a validator was designed to be an easy process with minimal technical knowledge.The vision is to have a network of tens of thousands of nodes working together to provide the most available and secure database in the world.Bluzelle wants every device to become a node, from computer hard drives to video game consoles to mobile phones.Those who do not want to become a validator can delegate their tasks to another validator, ensuring everyone can be part of the network and generate fees.

Where can I get Bluzelle wallet?

Bluzelle produces its own wallet software that is available for download on its website, which allows you to store Bluzelle on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where can you buy Bluzelle?

As one of the tokens with increased utility, you can purchase $BLZ on various centralized and decentralized exchanges.Some of the exchanges having adequate liquidity of Bluzelle include Binance, Huobi Global, CoinTiger, BiONE, and HitBTC.

Where did Bluzelle come from?

The idea for the project originated back in 2014.The development team decided to use elements of blockchain technology to create a better, more reliable and stable ecosystem.Key figures in the Bluzelle project are Pavel Bains, the co-founder of the project and its CEO, and Neeraj Murarka, the architect and CTO of the startup.Both have solid experience of working in large companies and corporations.Neeraj used to work at IBM, Google, Lufthansa, Hewlett Packard and others.Pavel collaborated with DreamWorks, Warner Brothers, and he is also a co-founder of a large Storypanda startup.Bluzelle ICO has been running since Jan 18 until Jan 20, 2018.ETH was accepted for the purchase of project tokens.The project raised $19,500,000 out of a planned $19,500,000.

Who are the Founders of Bluzelle?

Pavel Bains and Neeraj Murarka founded Bluzelle to address the fragmented data link in the blockchain and DeFi space.Both Pavel and Neeraj hold extensive technological experience with a demonstrated history of working with major global players.

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History of Bluzelle

In 2016 the company relocated its headquarters to Singapore, Singapore.

In 2017, you couldn’t go far without hearing about ‘bitcoin’ and ‘blockchain’ – mysterious technologies which were set to revolutionize payments and the underlying infrastructure of our beloved World Wide Web.

In 2018, Bluzelle entered into a partnership with Chinese e-commerce giant, JD.com, and subsequently joined their AI & Blockchain startup accelerator program.