What is Bluzelle? All You Need to Know About BLZ

What is Bluzelle?

Bluzelle is a blockchain project branded as the “Airbnb of databases.” The project aims to provide a decentralized, scalable database that allows creators to take complete control of their data instead of being at the mercy of centralized data centers.

The project also differentiates itself from other decentralized databases by allowing users to alter and delete their data as they see fit. Unlike decentralized projects that promise to keep the data safe forever, Bluzelle promises to keep the data safe for as long as the user desires.

Bluzelle allows developers and users to store and access their data across the network of decentralized nodes. Using its Byzantine fault-tolerant cluster and proof-of-stake (PoS) consensus mechanism, the project supports the deployment of smart contracts and decentralized applications (dApps).

The main features of the Bluzelle ecosystem consist of Bluzelle DB, Capella NFT, and Gamma4. The project is also working on the Bluzelle R2, an upgrade on its decentralized database management features, with more information to be released in the future.

This article will analyze the Bluzelle project, providing relevant information for prospective users.

History of The Bluzelle Project

The Bluzelle project was founded by Neeraj Murarka and Pavel Bains, who soft-launched the Bluzelle mainnet in August 2020. Before its mainnet launch, Bluzelle was a company that focused on building blockchain applications for banks and other entities back in 2014. In 2016, Bluzelle received funding from True Global Ventures, a global blockchain investment firm.

The fund helped it rebrand from dApp development into a database storage layer in 2017 after it realized the demand by developers and enterprises for a highly secure data storage infrastructure.

In 2019, the project integrated with the Cosmos network and launched its Swarm of Duty program. The Swarm of Duty program was designed to help Bluzelle validators get comfortable with node setups and security using the PoS consensus mechanism. Successful validators were rewarded with perks such as high uptime and voting participation in the network.

By 2020, the Bluzelle project had achieved a lot of milestones, such as launching its Swarm of Duty V2, launching its BLZ token, upgrading its governance and staking capacities on the network, and collaborating with such networks as Polkadot, Polygon Matic, Qtum, Wanchain, Ankr, and Elrond.

In 2021, Bluzelle unveiled its NFT platform, Capella NFT, allowing users to create, store, and trade NFTs.

How Does It Work? Swarm, Sharding, Geo-replication and Interoperability

Swarm

The Bluzelle algorithm uses a unique architecture called Swarm, based on Tendermint’s Byzantine Fault Tolerant (BFT) technology. Unlike centralized cloud services, Swarm does not use a structural framework to define relationships between elements, and this design choice allows it to handle user data faster and more securely by fragmenting the information across a series of nodes. This enables the Bluzelle network to reach a speed of 10,000 transactions per second (TPS).

The network also runs on a Proof-of-Stake (PoS) consensus mechanism, which allows the network to utilize staking and other governance activities with the BLZ token. With the Swarm architecture, PoS consensus, and BFT technology, Bluzelle is capable of a high level of scalability, faster performance, and higher security while protecting the quality or reliability of the data stored.

Sharding

Bluzelle employs a data processing technique called sharding. This is data distribution across multiple nodes by splitting large data sets into smaller pieces, or shards, that can be stored and accessed independently. Bluzelle uses a dynamic sharding mechanism that adapts to the network’s conditions and data demands, ensuring optimal performance and efficiency.

By utilizing sharding, Bluzelle can reduce the loading time for accessing large datasets on each node, increasing the speed of accessibility. It also enhances security as each shard is an encrypted puzzle piece. The sharding protocol also enhances the platform’s security, as accessing one or two shards available to authorized nodes isn’t enough to get the user’s information in the larger data set, making it difficult for bad players to hack the network successfully.

Geo-replication

Geo-replication is a feature in the Bluzelle infrastructure that allows developers to replicate their data in multiple regions. This helps to ensure that the data is available even if one region is unavailable due to unforeseen circumstances or disruptions.

Bluzelle stores data in multiple nodes using a distributed hash table (DHT). The DHT is a data structure that matches designated keys to designated values. In Bluzelle, the keys are the data identifiers, and the values are the stored user data.

This allows developers to geo-replicate their data consistently across multiple regions without fear, improving the reliability and availability of their applications.

Interoperability

Bluzelle requires interoperability to interact and collaborate with other blockchains. To achieve interoperability, Bluzelle uses such features as the Cosmos Inter-Blockchain Communication (IBC) protocol, Bluzelle bridge, and relays for communicating with blockchains that do not support IBC or bridges.

As a member of the Cosmos ecosystem, Bluzelle uses IBC, a decentralized protocol that allows blockchains to exchange data and assets securely and trustlessly. It also uses bridges that enable the movement or swap of digital assets between blockchains, allowing users to participate in DeFi projects and purchase NFTs.

Bluzelle uses a decentralized network of relayers to facilitate the communication and verification of transactions across chains, increasing the flexibility and possible use cases of the Bluzelle project.

Features of The Bluzelle Ecosystem: Bluzelle DB, Capella NFT and Gamma4

Bluzelle DB

Image Source: Bluzelle’s Website

Bluzelle DB is the core decentralized database management feature of the Bluzelle platform. It is offered as a secure, scalable, and efficient solution for data storage and management that operates by distributing data globally among nodes in the network.

The platform runs on the Swarm and sharding technology, giving users full control over their data. Its value proposition is scalability, immutability, and security in a network capable of accommodating increasing data storage and retrieval demands.

Bluzelle DB supports applications built in such popular languages as JavaScript, Golang, Python, Ruby, and Java. The platform also supports P2P chat, Instant notary, and Anti-censorship news.

Applications in sectors like DeFi, gaming, content delivery, and supply chain management thrive on Bluzele DB as a data solution tailored to such decentralized applications.

Capella NFT

Image Source: Bluzelle’s Website

Capella is labeled the first NFT marketplace for the GameFi ecosystem on the Cosmos network. The digital assets on Bluzelle’s Capella NFT are customized for gamers and developers in the game NFT space, offering a new way for GameFi participants to show ownership and value in their space.

A distinguishing feature of the Capella NFT platform is the integration of real-world assets. NFTs on the platform are usually backed by a physical asset, such as real estate, artwork, or even a stake in a company. This is designed to bridge the gap between the digital and physical realms, allowing for even more unique possibilities of rewarding participants.

The connection to real-world assets also provides intrinsic values for the otherwise volatile digital assets, potentially stabilizing the NFTs and making them more attractive to investors. The potential applications for Capella NFTs are vast, allowing for fractional ownership of high-value assets and reducing the bar of entry to high-capital industries for individuals who desire to get into these industries.

Gamma4

Image Source: Bluzelle’s Website

Gamma4 is a play-to-earn, turned-based card game that allows gamers to play against the game (PvE) or play against other players (PvP).

The token rewards from participation would be used to purchase unique NFTs, participate in governance, or withdraw for fiat.

The game story is about a space-faring humanity in the near future who has encountered other races like the Atari and Cyborg Goblins. The game’s premise involves diplomatic relations, research, and turn-based warfare for an energy source called the Elementi.

This would allow users to unlock special abilities, collect NFTs through PVE and PVP activities, and customize the in-game characters through cosmetics and trading that would have financial value outside the Gamma4 ecosystem.

The game has several systems that allow users to trade, which include the Shop, Inventory, and Treasury.

What is the BLZ and BNT token?

Image Source: Bluzelle’s Website

Two tokens are available on the Bluzelle network, BLZ and BNT, and they are utilized differently.

The BLZ token is an ERC-20 token accessible outside the Bluzelle network through exchanges. It is necessary for accessing the network and its functionalities, and it has a total supply of 500 million BLZ tokens, with around 425 million in circulation.

The BNT token is an internal utility token not based on the ERC-20 standard. Unlike its counterpart, BLZ, it’s used only within the network to conduct affordable on-chain transactions.

BLZ and BNT can be converted from one to the other on a 1:1 basis through an on-chain bridge.

Holders of the tokens can utilize their assets for staking, farming, delegation, and other tasks within the Bluzelle network.

Is BLZ Token a Good Investment?

Bluzelle offers a secure decentralized storage system and GameFi NFTs with a real-world value that reduces the chances of users losing money or tokens.

Since the files in the network are shared and geo-replicated, users can securely store their wallet details and token information, ensuring they don’t lose their keys or crypto.

The project is properly positioned in the decentralized space with all the key partnerships to assist it in securing its place, with the potential to grow even more in the future.

How Can You Own BLZ?

To own BLZ tokens and become a part of the Bluzelle ecosystem, users can follow a simple process:

Setup a Wallet

One way to own BLZ tokens is to purchase them through an exchange. For this, the user needs first to create a Gate.io account, complete the KYC process, and add funds to the account. Users can also create a decentralized wallet like Metamask.

Utilize the BLZ Tokens

Once a user has acquired BLZ tokens, they can convert them to BNT using the on-chain bridge and stake them or purchase NFTs on the Capella NFT platform.

Explore the Ecosystem

By acquiring BLZ/BNT tokens, users can explore the wide range of functionalities offered by the Bluzelle ecosystem.

Take action on Bluzelle

Users can sign up and purchase or trade BLZ tokens here.