Interchain decentralized data hosting project Bluzelle (BLZ) announced the launch of its mainnet, which aims to combine the benefits of edge computing with distributed ledger technology (DLT).
According to an announcement released on April 9, Bluezelle will conduct a network stress test called “Swarm of Debt” which will be boosted with $ 30,000 tokens for developers, token holders and validators.
The company says this test is “the last step before Bluzelle’s mainnet is launched” and is intended to ensure that the network can manage real-world usage.
Bluzelle’s team claims that its technology allows decentralized applications (DApps) on any blockchain to store and access its data in a secure and distributed manner. According to the announcement, this prevents the DApp from relying on a centralized data storage infrastructure, which could serve as a central point of failure:
“Transition to decentralized storage enables DApps to deliver censorship-resistant content while more resilient to attack.”
The network divides its nodes into groups called swarming, which can be based on geographic position, function or even application. This would allegedly allow the network to take advantage of some of the bandwidth and latency benefits typical of edge computer systems.
Edge computing is a variation of cloud computing with servers around the world to connect users to nearby servers rather than one centralized server. Pavel Bains, CEO and co-founder of Bluzelle, explained:
“A swarm is a collection of nodes that all work together for consensus. [This means] that we don’t need a system-wide consensus. So we can have a swarm doing validation for Asia. Let’s say there are 30 knots in that swarm. Suppose the traffic increases and we decide “let’s have a swarm especially for Japan”. We can start that easily. […] The advantage we get is ensuring high speed for transactions and scalability. ”
Bains said he believes this approach has advantages over competitors such as IPFS:
“Now that the public is able to run edge replication nodes that can fulfill Bluzelle’s service requests, all the benefits of edge computing can be reaped. With the success of Bluzelle’s cryptoeconomic system, Bluzelle edge computing will be much closer to bring consumers beyond any traditional edge computing system. ”
Bluezelle states that a recent consensus engine update made it the first database to use the inter-blockchain system Cosmos (ATOM) and the Tendermint consensus protocol. Bains said using this technology offers the benefits of network scalability, Proof-of-Stake (PoS) support, and interoperability with other blockchains.
Bains explained that crypto-economic incentives guarantee the availability of data; customers pay transaction fees when they take advantage of data storage and make changes to the data, motivating validators to perform network maintenance:
‘[Validators] have to bet tokens to participate and if they don’t meet the standards they are cut and lose their bet. This keeps the loop going. […] Validators can earn BLZ for good behavior, while tokens can be taken away for bad behavior. BLZ holders can also choose to be a delegate. ”
Blockchain’s reliability and censorship resistance are values that many are trying to transfer to other industries. One such industry is the data storage space where some are trying to create solutions that can protect data while taking advantage of the functions of blockchain technology.
However, many blockchain data storage solutions provide security but leave the data transparent and accessible to all.
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