BZZ

What is BZZ and how Does It Work?

BZZ plays an integral part in Swarm, a worldwide distributed storage network with a focus on distributing and storing data on a global scale. The Swarm Foundation is aiming to give not-for-profit entities the opportunity to utilize this system in a way that resists censorship, by covering the costs of data uploads for certain schemes and driving public utilities to further Sustainable Development Goals. Swarm's R&D teams are focused on incorporating erasure coding and strengthening the longevity of network-stored data. Features offered to users encompass a complete selection of base components for crafting and hosting a range of decentralized applications, including NFT metadata, media files, and decentralized infrastructures. Swarm's network has extended to a size of 20,000 nodes. Features like "Single Owner Chunks" have been created for ultimate privacy with zero-leakage, further supported by these nodes, providing key cryptographic backing that allows unrestricted use of the network. Swarm operates on a structure of peer nodes, using a decentralized storage and communication solution governed by clever contracts facilitated by the Ethereum blockchain, where BZZ is essential. Through Swarm's grants and virtual occasions, products and projects that use Swarm as their platform are made viable. This reflects Swarm's goal of amplifying global collective comprehension while also underlining the significance of the written word. Protobox Gateway simplifies the transition from AWS S3 to Swarm, thus improving the efficiency of serverless data storage. With Swarm being an open-source project, they welcome users to maintain and interact with the code to support the larger community. Swarm's system has been meticulously crafted to provide a decentralized, resilient solution, while also upholding neutrality. Swarm is part of the Fair Data Protocol, promoting an equitable data economy that values privacy, digital sovereignty, interoperability of data, and human rights. Swarm Community, an open-source platform, allows for the accessibility to host a blog that resists censorship via the Swarm network. With adherence to Peace, Love, Unity, and Respect (PLUR) principles, the active contributors within the Swarm Community engage in pertinent discussions regarding updates and improvements within their area, thereby directing the course of the Swarm network.

The Vision and Mission Behind BZZ

BZZ, the token of Swarm, is integrated to have various functions within the network. It is utilized as a unit of transaction and for the motivation of participants. BZZ is employed for payments and transactions, highlighting the versatile nature of its applicability. It supports nodes and services, facilitating the distribution and preservation of data within Swarm's operation. Moreover, BZZ is utilized within the network for those that contribute, illustrating its role as an important integrative element. BZZ, therefore, performs a significant function in Swarm's aim of a decentralized and motivated network system.

How to Buy and Store BZZ?

To purchase BZZ, Flooz.xyz offers a streamlined process. Traders can buy the BZZ token via Flooz.xyz, which provides a one-stop solution for all your trading needs. With a smooth checkout and support for all payment methods, Flooz.xyz eliminates the need for you to own a wallet.

But that's not all. Flooz.xyz also offers a self-custodial web wallet, ensuring seamless BZZ transactions. You can store, send, and receive BZZ tokens using the Flooz web wallet. Creating a self-custodial wallet is as easy as using your email, Google, or Apple ID. This ensures that you have access to your funds at all times, thanks to the power of cryptography.

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BZZ Metrics:

• Current price: $0.4073

• Market cap: $25.72 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $26.16 k