Bluzelle is an extraordinary cryptocurrency that is native or belongs to the Bluzelle platform. Thankfully, the currency is completely based on a blockchain decentralized technology, also known as DeFi, which means there is no governing body that controls this currency. For deeper knowledge, you can always read more from here.
The founders of the coin are Pavel Bains and Neeraj Murarka. Both professionals are great players and experts in blockchain tech. Well, what is this BLZ coin, how is its performance, what are its demographics, and every other thing will be covered in this write-up.
| Launch Date | 2014 |
| Founder | Pavel Bains and Neeraj Murarka |
| Blockchain Protocol | Bluzelle blockchain |
| Native Token | BLZ |
| Market Cap | $56.84 million |
| Token Type | Native Governance |
| Circulating Supply | 425.43 million |
| Total Supply | 425.43 million |
| Consensus Method | Proof of Stake (PoS) |
All the above-mentioned data is extracted from CoinMarketCap.
BLZ is a token used especially for GameFi players. It is majorly used for transaction fees, in-game currency, purchasing of NFT assets, and staking by validator nodes. The coin was made in 2014 and started by building decentralized apps for banks.
How Does Bluezelle (BLZ) Functions?
A GameFi ecosystem is usually based on several major components. This is to make the product more reliable, safe, and responsive for gaming purposes. Some of those components are listed below:
- Bluzelle Net: The Bluzelle network is powered by the Tendermint technology. It is best known for providing or completing 10,000 transactions quickly with a pennyworth of cost. The chain is based on the decentralized blockchain technology and is a proof-of-stake ledger backed up by Cosmos.
- R2 Decentralized Storage: R2 is a storage solution for Bluzelle based on decentralized technology. It helps in enhancing the IPFS with improved performance and reliability.
- Capella NFT Marketplace: Just like any other marketplace, Capella NFT marketplace allows you to buy, sell, mint, and optimize the utility of gaming assets. Just like the R2 storage, this tech is also based on blockchain and backed by Cosmos.
- Games: Bluzelle is proficient in developing expert-level games to get free Bitcoin for players. All the games are produced in-house on the platform and are built with expert ultimate precision. Moreover, since they are produced in-house, its ecosystem lets those games utilize speed, storage, DeFi interoperability, and other features.
These were the core components of the BLZ coin.
A Brief Price Analysis of Bluezelle
Bluezelle is currently listed on the charts at $0.127785. The market capital of BLZ is currently listed with a massive number of $54.36M.
| BLZ Price Today | $0.127785 |
| Price Change (Last 24 Hours) | -5.71% |
| Market Dominance | – |
| Market Popularity Rank | #344 |
| Market Cap | $54.36 million |
| Fully Diluted Market Cap | $65.16 million |
To buy a Bluzelle token for your portfolio, you can buy it through USD, EUR, CNY, AUD, INR, and other fiat currencies.
How Many Bluzelle Coins Are in Operation?
There is a limited supply of the BLZ coins as directed by Bluezelle. This feature works as the anti-inflation barrier and helps in controlling the right price. As per current demographics, there are 425,427,177 BLZ tokens in the market.
To find the market capital of these coins, you can multiply the number of BLZ coins in circulation by the current price of a single coin. Speaking of ranking, current BLZ holds the spot of #344.
How Secure is Bluzelle?
As mentioned earlier, the BLZ token is powered by Cosmos and is secure by the Tendermint technology. Based on our research, we found out that Bluzelle distributes the data uploaded to the network into shards, making it almost impossible to get compromised even if there is a security breach.
One more trick that BLZ plays is replicating the data. By replicating, it gets pretty difficult for hackers to hack or steal the information. On the other hand, it allows the user to access that data at any time and any place without any limit or restriction.
How to Use Bluzelle?
Bluzelle is used as a decentralized blockchain data storage layer for enterprises and businesses that need extra storage space to store their exclusive and highly confidential data. The makers also allow some web hosting services through the decentralized system.
If you are a Bluzelle user, you can buy ERC-20 BLZ and convert it to a native BLZ coin with the help of any external exchange. The conversion can go either way (ERC-BLZ to Native or Native to ERC-BLZ).
Conclusion
It does not matter if you are a business professional looking for a safe storage option to store your confidential business information. Or a GameFi gamer who knows the worth to buy NFT assets or make transactions through crypto, Bluzelle is there for you in every need.
BLZ token prices have spiked a great number over the past few years, which means it can be a great option for investment as well.
