Bluzelle is a decentralized data layer that enables secure, censorship-resistant, and highly scalable data management for dApps.
What is Bluzelle (BLZ)?
Supported by Cosmos and the Tendermint BFT technology, Bluzelle is compatible with various blockchains.
As developers continue to rely on centralized databases like AWS and Microsoft for building Dapps, this centralization is considered a point of failure. According to the platform’s declarations, true freedom requires decentralizing not just a part but the entire stack. This is where Bluzelle aims to provide a critical piece for advancement in Defi, supply chains, gaming, and other Web 3.0 sectors.
Since March 2016, Bluzelle has been working on blockchain applications for banks such as HSBC, OCBC, MUFG, and insurance companies like AIA and MSIG. Drawing from this experience, Bluzelle aims to address the need for a decentralized database while corporate projects are stored in centralized systems. The project, pointing out the major issues this causes, started designing its solution in 2017.
Bluzelle can provide this solution by acting like the AirBnB of databases. Spare computer storage space is sourced from the public, who in turn act as validators for the network, confirming that the data is owned and modified by its rightful owner. For this service, the storage provider receives a portion of the revenue. Bluzelle reportedly offers storage space at half the estimated cost of others to its customers.
BLZ is characterized as the native cryptocurrency of the Bluzelle platform and ranks 361st with a trading volume of $60,834,294 according to CoinMarketCap. As of the writing of this article, the BLZ coin is trading at $0.2245 and at 0.000004431 BTC against Bitcoin. It’s worth noting that the 24-hour trading volume of Bluzelle coin is $32,729,564.
Additionally, the BLZ coin reached its all-time high on February 7, 2018, at $0.9139, while its lowest was on March 13, 2020, at $0.0060. Currently, there are 269,399,758 BLZ coins in circulation and the total supply of Bluzelle coin is stated to be 500,000,000.
Where to Buy BLZ Coin?
BLZ Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume, accessible here.
To buy Bluzelle Coin, one must first register on Binance and then send a fiat currency like US Dollars. After sending the fiat currency, one can purchase BLZ Coin by buying Bitcoin (BTC) and then trading it in the BLZ pair.
Furthermore, on Binance, users can place a buy order not only at market value but also at a lower value. For this, simply use the Limit tab and enter the amount and price you wish to buy at.