Bluzelle (BLZ) is a cryptocurrency and blockchain project focusing on decentralized storage and data management solutions. It provides decentralized storage solutions to users, dApp developers, and enterprises. BLZ, its native token, is available as an ERC-20 token for trading on exchanges and as a native token in the Bluzelle blockchain.

Bluzelle Chain is often referred to as a decentralized database. It offers a secure and decentralized way to store and manage data.

Bluzelle utilizes advanced blockchain technology, including high throughput with a reported 10,000 transactions per second (TPS). It also boasts seamless interoperability with Cosmos Chains, which enhances its versatility and potential use cases. Security is a priority in its design.

Bluzelle Chain has found applications in the GameFi sector. It enables the development of quality blockchain games and the storage of game-related Non-Fungible Tokens (NFTs). This makes it a valuable platform for the gaming industry.

Bluzelle Chain is an advanced blockchain technology focusing on decentralized data storage and management. Here's how Bluzelle Chain works:

Decentralized Database

Bluzelle Chain acts as a decentralized database. It provides a secure and distributed platform for storing data. This approach enhances reliability and data security by eliminating single points of failure. Users can store and manage data in a decentralized manner, reducing the risk of data loss or manipulation.

High Throughput

The Bluzelle Chain is known for its impressive throughput, boasting a rate of 10,000 transactions per second (TPS). This high throughput makes it suitable for various applications, including gaming and decentralized finance (DeFi). It ensures that data transactions can occur quickly and efficiently.

GameFi and dApps

One of its primary purposes is to support the development of decentralized applications (dApps). It provides scalable, safe, and fast database services for dApp developers. Additionally, it has found applications in the GameFi sector, facilitating the storage of game-related data and NFTs.

Blockchain Interoperability

Bluzelle Chain offers seamless interoperability with Cosmos Chains. It can connect and interact with other blockchains within the Cosmos ecosystem using standard protocols. This interoperability enhances its versatility and potential use cases.

Bluzelle was founded in Vancouver, British Columbia, in 2014 by Pavel Bains and Neeraj Murarka. Initially, they focused on developing DApps for banks.

They raised seed financing from True Global Ventures in March 2016. A month later, the team built a Ripple-based cross-border payments proof of concept (PoC) for the global banking platform Temenos.

Bluzelle also developed an Ethereum-based consumer mobile insurance application for global insurer AIA and was named to the Global Fintech 100 by H2 Ventures in 2016. In 2017, they built an Ethereum-based KYC Ledger for an international banks consortium consisting of OCBC, HSBC, and MUFG and were named Technology Pioneer 2017 by the World Economic Forum.

Furthermore, they built an Ethereum-based insurance platform for a large Asian insurer in April 2017. In August 2017, Bluzelle raised $1.5 million from international VCs Global Brains (Japan) and True Global Ventures (Europe).

Why should you consider investing in BLZ coin?

• Decentralized Storage: Bluzelle provides true decentralized storage that is censorship-resistant, reliable, and redundant. This makes it an attractive choice for applications and services requiring secure data storage.
• Crypto Gaming Integration: BLZ token was designed with crypto gaming in mind. It powers games hosted on the blockchain, tapping into the growing crypto gaming industry. This utility could drive demand for BLZ.
• Favorable Market Outlook for Web3 Solutions: As a provider of decentralized data storage solutions, Bluzelle is an interesting web3 project to consider investing in. Add BLZ to your portfolio if you believe in the potential of mainstream adoption and growth of web3 technologies in the market.

Given the highly volatile nature of the crypto market, it is impossible to provide a reliable BLZ price prediction over any timeframe. However, you could monitor the following factors to understand price trends in the Bluzelle cryptocurrency:

• Level of On-chain Activity on Bluzelle Chain: The Bluzelle price could increase as more users access services on the Bluzelle Chain, driving up the demand for its native token BLZ. The uptick in on-chain activity on the Bluzelle network could make the BLZ token more attractive among investors, supporting the BLZ to USD price in the market.
• Developments in the Bluzelle Roadmap: Technological advancements, partnerships, and developments within the Bluzelle ecosystem can also influence BLZs price. Positive developments can boost investor confidence.
• Crypto Market Sentiment: Market sentiment, including news, social media trends, and public perception, can significantly impact BLZ's price. Positive news and sentiment can drive prices higher, while negative sentiment can lead to declines.

BLZ is the native token of the Bluzelle Chain and has the following functions:

• Pay Transaction Fees on Bluzelle Chain: BLZ tokens are used to pay for network transactions within the Bluzelle network. This includes fees for data storage, retrieval, and other network operations. Users need BLZ tokens to access and utilize the services provided by the Bluzelle decentralized storage network.
• Participate in Bluzelle Ecosystem: BLZ also serves as the governance token on Bluzelle. BLZ token holders can participate in protocol upgrades and decision-making processes related to the Bluzelle network.
• Staking: BLZ tokens can be used as incentives to encourage network participants, such as validators and developers, to contribute to the growth and security of the Bluzelle ecosystem. You can stake BLZ on Bluzelle to contribute to securing the network and earn staking rewards.
• Trade BLZ on BYDFi: Trade Bluzelle coin on the BYDFi Spot Market or hold it long-term if you believe in the projects future potential. Based on market conditions and investment strategies, you can buy, sell, or hold BLZ tokens. Remember to do your own research (DYOR) before you make any trading decision in the crypto market.

Bluzelle has partnered with several renowned crypto projects, including PolkaFoundry, Gitcoin, Wasabi, Shield Finance, Reblock, Dvision, Mintable, and Ankr.

According to official documentation, the total supply of BLZ is fixed at 500,000,000 tokens. As of August 2023, the circulating supply of BLZ is over 411 million.