Bluzelle (BLZ)

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Bluzelle is a decentralized database that makes it more efficient for blockchain products to manage their data while shifting control to the masses.

Our Joke Name

Bluzelle = Crypto Data

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (BLZ)

Coin or Token

Circulating Supply (165 million)

Total Supply (500 million)

Block time (under 60 seconds)

Market Cap Ranking

Review

Introduction

Bluzelle is a decentralized database that makes it more efficient for blockchain products to manage their data while shifting control to the masses. Bluzelle allows members to rent computer storage space in order to earn tokens (BLZ) while developers use it to have their DApp Data stored/managed. The white paper can be viewed here: https://bit.ly/2qi52ei (42 pages)

Key Features

● Swarm Technology
● Karma

Features

Swarm Technology

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. Whenever a consumer stores data provides data towards the network it will be split up into what they call shards and stored between each swarm. 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.

Karma System

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.

Key Team Members

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

Summary

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.

Pros

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

Cons

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