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Cryptocurrency Bluzelle(BLZ)

yanagi87

Published: 26 Jun 2018 › Updated: 26 Jun 2018Cryptocurrency Bluzelle(BLZ)

Cryptocurrency Bluzelle(BLZ)

Overview

Bluzelle is decentralized database service for Dapp developer. But Bluzelle don't use blockchain.  Conventional blockchain manage data by using all node. Bluzelle divides all node into some groups and assign data to each group.

Bluzelle makes "sharing economy" by utilizing blockchain, sharding, partition.

Bluzelle collect about 19million USD.

About managing data

Bluzelle applies original consensus algorithm to swarm layer. So, leaf swarm which store part of data makes consensus in local. The leaf swarm interact with other swarm and become impartible minimum unit which store data. Every leaf swarm can process request related to data correctly.

Topicality

  • Collecting about 19 million USD
  • form an alliance with Major financial institution 

Superiority

  • utilize two tokens

          ->BLZ tokens is ERC20 and BNT is network token. BLZ(ERC20) enables user to access Bluzelle network                      easily.  BNT(network token)'s transaction is faster and cheaper than ERC20. 

  • cryptography and sharding strengthen security for privacy.
  • sharding enables database manipulation to be easy. 

   -> user can transact database.

  • Bluzelle makes it  possible to immutable database.
  • In order to prevent transaction delay, leaf swarm which is the nearest to User does consensus.
  • The node which has most PC power dose consensus for the sake of preventing transaction delay and making transaction fast.
  • Kademila Hashing makes it possible for node to be aware of every swarm efficiently. 

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university of waseda

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