NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement

How Bluzelle Uses Ethereum as a Gateway to its Scalable Platform

NewsBTC
NewsBTC
1 year ago
3 mins read
bluzelle

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Since Ethereum’s launch in 2014, the ERC20 token has become far and away the most-used token standard. According to Etherscan, there are currently over 250,000 different token contracts on the Ethereum blockchain. Furthermore, the availability of decentralized exchange services such as Uniswap means that ERC20 tokens are far more liquid than tokens minted on any other blockchain.

Although it’s not been widely publicized, Bluzelle is a project that’s devised a way to access this liquidity inherent to ERC20 tokens. At the same time, Bluzelle also maintains its own network token, used exclusively to access its network, without having to yield to Ethereum’s never-ending scalability woes.

Decentralized data storage

Bluzelle is a decentralized data storage solution targeted at dApp developers. While most people think that dApps are decentralized, the reality is that most components of a dApp are actually centralized. Storing all dApp data on a blockchain is unnecessary, expensive, and would quickly choke the network.

So, most dApps only store the asset ownership data on a blockchain, while the rest is stored off-chain. Typically, developers will use centralized cloud service providers such as AWS for this.

Leveraging the decentralized nature of blockchain, Bluzelle overcomes this challenge by inviting validators on its network to provide storage space in exchange for payment in tokens. Any developer can simply rent the storage space they need for their dApp.

The validator structure means that any one piece of data is stored in a sub-network of 13 or more validator nodes. Each of these is known as a database zone, with all zones continually syncing together. If any node goes offline, the data is still available via one of the other nodes.

All nodes are also synced with a consensus engine, meaning that the database can only accept changes if a supermajority of two-thirds of nodes agrees. This means that data stored on Bluzelle is tamper-proof and censorship-resistant, according to the team. The database zones enable any user to scale their data storage up or down as needed.

How the Dual Token Comes into Play

The dual token mechanism powers the network architecture described above. The network operates based on the native Bluzelle token, called BNT. This token pays for reads and writes on the database. It’s also the token used by network validators for staking.

BLZ is the second token, an ERC20 asset that can be listed on any Ethereum exchange or token swap service such as Uniswap, Kyber, or IDEX. It’s also available for trading on leading centralized exchanges such as Binance and Huobi.

Let’s say a dev wants to rent storage on Bluzelle. They would buy their BLZ tokens on an exchange in the usual way. They then deposit their BLZ tokens into the Bluzelle platform in return for the equivalent BNT. With those BNT, they can buy the storage they need.

Similarly, someone wanting to become a network validator would have to purchase an initial stake in BLZ and deposit these tokens so they can be converted to BNT. They can then begin staking and earn a share of the rental profits that Bluzelle takes from users.

When they want to withdraw their profits or stake, they simply choose an option to convert their BNT back to BLZ, which they can then trade as they wish.

Leveraging Ethereum’s Limitations

Ethereum’s speed makes it impractical for Bluzelle to use the BLZ token on its own network. Each transaction would need to be validated on Ethereum, meaning that Bluzelle couldn’t operate any faster than the Ethereum blockchain. Ethereum currently runs at approximately nine transactions per second and maxes out around 15.

However, Ethereum does have the largest user base and the most development activity of any other blockchain with over 2,800 dApps compared to 323 on EOS, the next nearest competitor. Therefore, Bluzelle has recognized the potential for Ethereum to be used as a bridge, but without accepting any of the limitations on speed and scalability that comes with running applications on the platform.

Ethereum’s lack of scalability has been a long-running problem for the core development team, but unfortunately, there is still no concrete timeline for the much-anticipated ETH 2.0 update. Bluzelle now appears to have found a way to circumnavigate the issue.

Interoperability is now a critical focus area for blockchain developers. Therefore, it seems likely that more projects will seek to tap into the thriving ERC20 token economy and dApp ecosystem without having to tolerate the slow speeds, congestion risk, and high gas costs of using Ethereum as a base platform.

Image: DepositPhotos
Tweet123Share209ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Shiba Inu

Shiba Inu Might Be ‘Dead And Sleeping’, But Not For Long, Crypto Expert Says

Shiba Inu (SHIB) continues to trade in a tight band, and that has kept many investors on edge. Based on...

Christian Encila 6 hours ago
XRP futures volume explodeert - positief Ripple nieuws voor de crypto koers in november

XRP futures volume explodeert – positief Ripple nieuws voor de crypto koers in november

De Ripple koers steeg flink nadat het handelsvolume in XRP futures op de Chicago Mercantile Exchange (CME) explosief steeg. Volgens...

Lars Diederiksen 6 hours ago
Les ETF désertent le marché : liquidité crypto en apnée — spreads et volumes en berne.

Les ETF désertent le marché : la liquidité crypto en apnée

Le marché crypto évolue dans un couloir étroit et, pour l’instant, la stratégie gagnante reste la discipline. Tant que Bitcoin...

evanss 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

$XRP, 3달러 돌파하나…베스트월렛 토큰 사전판매 1,660만 달러 돌파하며 랠리 기대감 고조

트럼프 관세 여파 속 리플 침체… 구글 AI ‘제미니’ 4달러 돌파 전망 제시

Soyeon Lee 3 hours ago
Dogecoin

Why The Dogecoin 3.49% Annual Inflation Is Actually Not A Bug

Scott Matherson 3 hours ago
Dogecoin price

Volatility Loading: Dogecoin Eyes Explosive Path To $3

Jake Simmons 5 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後 の価格見通し:ETF資金流入が加速、10月に再上昇の兆しか

    イーサリアム 今後...

    7 hours ago
  • ビットコイン 今後 を巡る論争:CZとピーター・シフが「トークン化ゴールド」で激突

    ビットコイン 今後...

    7 hours ago
  • シバコイン 今後 の展望:眠れるコインが爆発的上昇を見せる可能性

    シバコイン 今後...

    7 hours ago
  • パイネットワーク 価格 の行方:不透明な市場の中で新興プロジェクトが急伸

    パイネットワーク 価格...

    7 hours ago
  • ドージコイン 今後 の展望:0.205ドルの抵抗線を突破か、新興ミームトークンが急騰予測

    ドージコイン 今後...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.