Bluzelle: The Decentralized Data Layer Supported by Cosmos and Tendermint BFT Technology - Latest cryptocurrency news

Bluzelle: The Decentralized Data Layer Supported by Cosmos and Tendermint BFT Technology

Bluzelle is a decentralized data layer supported by Cosmos and Tendermint BFT technology, compatible with various blockchains. While developers continue to rely on centralized databases, Bluzelle advocates for decentralizing all aspects. It aims to provide a critical piece for progress 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. The project aims to solve the problem of centralized databases required by corporate projects stored in centralized systems and started designing the solution in 2017.

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Bluzelle can act as the “Airbnb” of computer storage space by providing empty computer storage space from the public. Storage providers act as validators and receive a portion of the revenue in return. It is reported that Bluzelle offers storage space at half the price compared to others.

BLZ is characterized as the native cryptocurrency of the Bluzelle platform and is currently ranked 361st according to CoinMarketCap. At the time of writing, the BLZ coin is trading at $0.2245 and 0.000004431 BTC against Bitcoin. Additionally, the 24-hour trading volume of Bluzelle coin is recorded as $32,729,564.

BLZ coin reached its all-time high of $0.9139 on February 7, 2018, and its lowest point was $0.0060 on March 13, 2020. Currently, there are 269,399,758 BLZ coins in circulation, and the total supply of Bluzelle coin is stated to be 500,000,000. BLZ Coin can be purchased quickly and securely on Binance.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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