Bluzelle Coin can be defined as a decentralized data storage and security system based on blockchain technology. The Bluzelle network, utilizing distributed ledger technology, aims to securely store data owned by any individual. In this context, smart contracts and blockchain technology are used on the Bluzelle network.
What is BLZ Coin?
BLZ Coin is the cryptocurrency of a system that enables secure, censorship-resistant, and highly scalable data storage and recording for decentralized applications. Utilizing Cosmos and its BFT technology Tendermint, the Bluzelle network is thereby compatible with multiple blockchain networks. As developers continuously develop decentralized applications, their dependencies on centralized databases such as AWS, Microsoft Azure, and Amazon Web Services increase. The protocol using BLZ Coin aims to decentralize these processes.
BLZ Coin is an Ethereum-based cryptocurrency. Individuals wanting to utilize the decentralized storage system described above can directly purchase BLZ Coin to benefit from this service. BLZ Coin, the cryptocurrency of the Bluzelle network, possesses high speed, zero transaction fees, and real-time data accounting capabilities. Although ERC-20 based tokens are known to be expensive and slow, BLZ Coin seems to overcome these issues.
There is also another cryptocurrency on the Bluzelle network called Bluzelle Network Token; however, due to BLZ’s use both within and outside the network, BNT remains a step behind.
Bluzelle Coin
The fact that Bluzelle Coin project’s CEO, Pavel Bains, has over 15 years of experience in the digital technology and finance sectors appears to be one of the prominent features of the project. In addition, the “Swarm” technology used in the Bluzelle network offers advantages regarding the price of Bluzelle Coin. Swarm technology enables even the smallest data groups to be stored in a distributed manner, offering an innovation not available in other centralized data storage systems.
BLZ Coin can be stored in other wallets besides the Binance cryptocurrency exchange, such as MyEtherWallet and MyCrypto. Popular brands like Ledger Nano S and Trezor also support BLZ Coin in terms of hardware wallets.
BLZ Coin Review
BLZ Coin is of great importance, especially as we gradually transition to a data-driven world. The fact that even giant centralized platforms like Twitter and YouTube are vulnerable to attacks has led developers to seek more decentralized and secure alternatives. The decentralized storage method used by Bluzelle and its capacity to handle 10,000 transactions per second are among the rare features that make the project stand out.
At the time of writing this article, BLZ Coin is seen as the 347th cryptocurrency. The BLZ Coin Market Cap, or total market value, is around 16.5 million dollars. Having broken records in its launch year of 2018, BLZ reached an all-time high in May of the same year. Since the beginning of 2019, however, the project has been quite passive.
Buy BLZ Coin
Binance, one of the world’s most used cryptocurrency exchanges, appears to be one of the most important platforms listing BLZ Coin. BLZ Coin can be purchased on Binance with various trading pairs. The BLZ BTC trading pair is the most used concerning BLZ in the market. BLZ Coin can be easily and securely purchased on Binance.
