Ethereum
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+2.53% last 24h
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24h vol
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Balance: $0
($12.52 M)
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CoinMarketCap.comBLZ is the native token of Bluzelle, a decentralized storage platform working to establish a creator-focused economy. Their platform is intended for those who create intellectual property such as artists, musicians, scientists, publishers, and developers. Bluzelle has functionalities that cover data and file storage, oracle services, and it offers support for NFTs (NFTs) and decentralized finance (DeFi). They utilize a consensus algorithm known as a "swarm" for high availability and scalability. Bluzelle has been engineered to establish a bridge between traditional centralized databases and an emerging wave of decentralized systems, attempting to draw upon the strengths of both types. This platform is designed to provide fast and reliable data recovery to enable a range of applications. Furthermore, it is developed to facilitate the incorporation of blockchain in decentralized applications (dApps). Bluzelle operates a token economy with BLZ as its circulating token. Collaborations have been established with various organizations, notably from the blockchain and DeFi sectors. The platform has found endorsement within the crypto community and successfully completed an initial token offering. The team behind Bluzelle is comprised of individuals familiar with technology and blockchain. Their roadmap suggests multiple potential enhancements, including an increase in storage capacity and overall improvements of the platform.
Bluzelle, also identified as BLZ, operates on blockchain with an end goal of supporting a decentralized internet by implementing distributed databases. It utilizes blockchain to lessen dependency on centralized data storage and improves data delivery via edge computing functionalities. The integral element of this ecosystem is the BLZ token, which is deployed for transactions within the network and enables interaction with other chains through cross-chain bridging. With swarm technology, Bluzelle facilitates data durability and eradicates single points of failure. This project opens up potential avenues for interaction within the token economy.
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BLZ Metrics:
Current price: $0.0562
Market cap: $25.45 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $42.76 k
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