Bluzelle (BLZ)
Basics
- Decentralised Database Protocol
- Founded in:
- Mainnet release: 8-9-2020 (first of two testnets) but later on then announced the launch of its mainnet on Feb. 3, 2021.
- Based in:
History
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Cosmos
- Programming language used:
Transaction Details
- Capacity (TPS): 10.000 TPS
- Latency:
How it works
- From Crypto Briefing (19-1-2021):
"Bluzelle is a delegated Proof of Stake (dPoS) network built using the Cosmos SDK and Tendermint consensus engine."
Staking
Different Implementations
Interoperability
- From Crypto Briefing (19-1-2021):
"With the mainnet (3-2-2021), Bluzelle will begin actively integrating with various Polkadot-based projects. Bluzelle has collaborated with Equilibrium, Mantra DAO, and Phala Network to gain entry into the Polkadot ecosystem."
Other Details
Privacy Method being used
Compliance
Oracle Method being used
- From Cointelegraph (15-9-2020):
"Bluzelle is a distributed database system featuring a set of validators committing their stake to ensure the validity of the data and associated changes. The project has recently turned to the oracle space, using its database core to provide additional functionality over existing solutions like Chainlink (LINK) or Band Protocol.
The team says that its solution includes historical data that can be requested on-chain and used to perform statistical analysis on prices. This can help make markets and their price data more resilient to manipulation, as smart contracts can use the historical data as a sanity check on current prices."
- From Crypto Briefing (19-1-2021):
"The team also plans to build oracle data feeds for the blockchain database service."
Their Other Projects
DEX
Governance
DAO
Self Funding Mechanism
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs
Usage
Projects that use or built on it
- Elrond; blockchain payment project Elrond has tapped (13-8-2020) Bluzelle as its decentralized database layer provider for dApps running on its mainnet.
- Polkadot; oracle integration (15-9-2020) "Bluzelle CEO Pavel Bains told Cointelegraph that the consensus infrastructure is remaining on Cosmos. The Polkadot collaboration will involve building “a bridge to Polkadot as part of their select builders [program],” Bains said. Nevertheless, the integration is still in a preliminary phase, Bains noted, “At this time there is not anything built to show. It’s early stages. We are working with a number of DOT projects already.""
- StaFi; from their blog (24-9-2020):
"Bluzelle will help to support data for StaFi’s staking contract, such as pledge, redemption, transaction, as well as mapping information between rTokens & Staked tokens."
Competition
Coin Distribution
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
- Pavel Bains; CEO
Funding
- Part of the portfolio of 8 Decimal Capital
- Part of the portfolio of SVK Crypto
- Has had investment and possible contributions from NEO Global Capital
Partners
- Has a partnership with MARKET Protocol (still as of 8-2019)
- Is a member of Asia DeFi Network (ADN) according to the website (13-7-2021).