BLZ
Bluzelle
$0.00000000AUD
Market Cap
129.7M AUD
24hr Trade Vol.
44.0M AUD
Total Supply
452.6M
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+0.00%
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Information

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What is Bluzelle?

Bluzelle is a decentralised storage network designed for the creator economy, which provides high security, unmatched availability, and censorship resistance. It aims to offer a scalable and secure data storage solution, supporting various applications including NFTs and DeFi.

How does Bluzelle work?

Bluzelle operates on a Cosmos-based blockchain using a Delegated Proof of Stake (DPoS) consensus mechanism. It features a decentralised storage layer that provides a reliable infrastructure for enterprises and dApp developers. Validators stake BLZ tokens to participate in the network, validating transactions and earning rewards. The network also facilitates a marketplace for renting storage space and computational power, and supports interoperability with Cosmos Chains.

What are the potential use cases for Bluzelle?

Bluzelle can be utilised in various sectors, such as:

  • Decentralised Applications (dApps): As a decentralised database service providing secure and scalable solutions.
  • Content Delivery Networks (CDNs): Enhancing CDNs with distributed data caching for improved performance.
  • Internet of Things (IoT): Offering secure, scalable storage solutions for IoT devices.
  • Gaming: Providing high-performance, low-latency storage for gaming profiles and assets.
  • DeFi and Finance: Supporting decentralised finance applications with secure, accessible data storage.

What is the history of Bluzelle?

Bluzelle was founded in 2014 by Pavel Bains and Neeraj Murarka. Initially, it developed blockchain apps for banks, but later shifted focus to decentralised database services for dApps and enterprises. In 2017, it raised $19.5 million through an ICO to develop its storage network. Over the years, Bluzelle has launched its storage network, partnered with various projects, and expanded globally, serving as a key storage provider for numerous applications.

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Resources

Category
Infrastructure
Source Code
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Frequently Asked Questions (FAQs)