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

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Bluzelle (BLZ) - Crypto Data

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 i..

Market Cap

Name (Ticker)
Bluzelle (BLZ) Price, Market Cap and more | Coinopsy
Price (USD)
$0.0363865178908
Rank
154
Active Supply
209.3 million
Total Supply
500.0 million
Volume(24H)
621439
Market cap
7.6 million
Fun Name
Crypto Data
Website Links
Social Links
Block Explorer

Bluzelle (BLZ) Chart

Pros of Bluzelle (BLZ)

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

Cons of Bluzelle (BLZ)

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

Bluzelle (BLZ) Review | Coinopsy

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.

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.

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

Bluzelle (BLZ) 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.

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