Bluzelle (BLZ) Review, Price, Market Cap and more | Coinopsy

Bluzelle (BLZ)

Bluzelle (BLZ) - Crypto Data

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...
Pros Cons Related Cryptos Review
Bluzelle's current price is $0.018 USD. In the past 24 hours, Bluzelle's price has increased by +13.2 percents..
BLZ
Name (Ticker)
Bluzelle (BLZ)
Price (USD)
$0.0182726762822
Rank
175
Active Supply
221.8 million
Total Supply
500.0 million
Volume(24H)
1.3 million
Market cap
4.1 million
Fun Name
Crypto Data
Website Links
Social Links
Block Explorer

Chart

Pros

  • Eliminating any single point of failure
  • Karma System
  • Secure storage of data

Cons

  • Not many features
  • No physical backing (asset, profits, commodity)

Review

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. When a consumer stores data, it will be split up into what they call shards and stored between each swarm. Simply put, Bluzelle provides a decentralized storage system.

Since all Bluzelle information is encrypted nobody including the swarms can access the data without a private key. Bluzelle’s algorithm stores data in a unique network model that doesn’t depend on data centres and is able to scale databases services in an instant.

In order to keep track, Bluzelle has a Karma Index for all its operators. For example, if an operator behaves poorly, these actions cause consequences as the Karma Index will lower causing restrictions, penalties and since operators can run more than one node the Karma is applied to every node they run. If a Node Operator has a high Karma Index they have a chance to become leaders of their swarm by a democratic process.

Conclusion

Overall bluzelle is quite hard to understand with its advanced swarm technology it’s easy to get lost along the way, and definitely not beginner friendly. However, the concept is quite interesting with it still being in early access and new projects coming out daily we could see it gain more attention over time as they strive to become the “Data Management & Storage” for the decentralized web. If we could see Bluzelle roll out some more features in the near future it could definitely move into the top hundred cryptocurrencies.

Add
Team

Team

  • Pavel Bains
  • Neeraj Murarka
  • Nitin Cunha
  • Scott Burch
Add

Twitter News

Reddit News

Add
Add