Bluzelle (BLZ)

From CryptoWiki

 Basics

  • 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

How it works

"Bluzelle is a delegated Proof of Stake (dPoS) network built using the Cosmos SDK and Tendermint consensus engine."

Staking

Different Implementations

Interoperability

"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

"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."

"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

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

Funding

Partners