What is Bluzelle (BLZ)?
Bluzelle is an Ethereum-based blockchain project that aims to secure, efficient and scalable management of the next generation Internet, providing an ideal environment for decentralized data management and storage. Due to its unique "swarm" technology, Bluzelle has all the possibilities for this.
Bluzelle provides a high level of security, unsurpassed accessibility and resistance to censorship. Regardless of whether you are an artist, musician, scientist, publisher or developer, Bluzelle protects the intellectual property of all authors. Bluzelle is a data warehouse, file storage, oracles and much more. This is typical for NFT and DeFi
Who are the founders of Bluzelle (BLZ)?
Pavel Bains and Niraj Murarka are the founders of the project. Previously, Pavel was a co-founder of Storypanda, a digital book platform that attracts the attention of well-known publications DreamWorks, Warner Bros and others. With a deep understanding of financial aspects, Pavel actively served as CEO and CFO at Disney, managing budgets of tens of millions of dollars on 4 continents.
Neeraj is a computer systems engineer and architect with an extensive 20-year experience working with global players, including Google, IBM, Hewlett Packard, Lufthansa and Thales Avionics.
What is the uniqueness of Bluzelle (BLZ)?
Bluzelle implements swarming technology to achieve high levels of scalability, reliability and performance. In the Bluzelle universe, a swarm refers to a massive group of nodes that work next to each other. Even if several nodes fail, the remaining nodes of the network will continue to manage and store data. The Bluzelle network is a "meta-swarm" consisting of pack after pack. These swarms are working on implementing the following functions:
Bluzelle's own swarming concept has been developed to achieve a high level of performance. In this way, Bluzelle avoids latency: the Bluzelle protocol extracts data from the nearest nodes, increasing the speed of this by parallel data extraction.
The Bluzelle network is distributed worldwide, and each piece of data is duplicated in swarms. This means that data owners can access their data quickly and at any time. A single point of failure has been eliminated, which means that any failures caused by human or non-human factors will not affect the operation of the network.
The Bluzelle protocol provides high horizontal and vertical scalability. Each swarm is responsible for horizontal scaling at the state level. And inside each swarm, each node is designed for automatic horizontal scaling.
Bluzelle uses blockchain technology to ensure immutability. This means that once the records are online, they cannot be changed.
How many Bluzelle Tokens (BLZ) are in circulation?
If there is no maximum offer, there is - 332,424,974 of BLZ tokens in circulation.
At the moment, the price of BLZ is - 0.102718 USD, with a 24-hour trading volume - 5,900,344 USD, and the market capitalization is 34,146,028 USD.
How is the Bluzelle network protected?
Bluzelle applies modern cryptography and segmentation to protect user data. In addition, thanks to a distributed network, an attacker will not be able to disable the network and endanger the user's data.
Also, Bluzelle uses the POW consensus protocol, which is the only source of truth on the network. Thus, all records can be updated only in the distributed registry. This excludes fraud.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.