Simplified Introduction to the Bluzelle Blockchain
Introduction to Blockchain Technology
To date, blockchain technology remains one of the ingenious discoveries ever seen and it continues to prove each day that human interaction, well-being, and value can be redefined. The concept of blockchain was first seen in 2008 when bitcoin was developed, and being a part of a consensus scheme aimed at installing p2p money without a bank, it witnessed several attacks and setbacks.
Blockchain technology allows users to trust the output of the system without necessarily trusting any actor within it. By this, every third party actor that potentially could impact the trust is eliminated. In a short period of its existence, blockchain has impacted greatly on every sector of the economy and continues to revolutionize how finances, businesses, sports, gaming, and medicine works. In the future, if your startup is not pitched on the internet, then it would be as dangerous as starting a business without risk management.
After the bitcoin blockchain progressed through the ranks, others such as Ethereum, Litecoin, EOS, Steem, and thousands of projects began operation. Each of these technologies had a problem it came to solve and I can boldly say that the success of most of these projects has been rewarded with a corresponding increase in the adoption of blockchain technology across countries and organizations. How amazing!!!
Before the invention of the blockchain, one of the greatest challenges encountered by individuals, brands, organizations, and companies is storage as well as the safety of hard-earned assets and data of its users. For most users, acquiring funds and even data can be a real pain in the ass, so after spending so much effort and time getting it, some random person or company will tell you some cock and bull stories of how they lost your funds or data. With experience, I know how heartbreaking it is. These fears in centralized asset and data management systems continue to be a great threat to many users.
For blockchain technology, many software and hardware applications are developed every now and then on the internet and these applications require proper management of the large chunk of data they produce. The internet itself uses two varying means (public and private cloud) to manage the information of its users. The processing and management of this information in recent times have grown great concern by users as their data and privacy is continually breached. Trust has become a big issue in the blockchain space and the ever-growing decentralized apps built on several blockchain technologies are not left out of this worry.
When users allow their data to be collected via software applications and mobile devices, users need to have some level of trust and control over their data. But, software applications or mobile devices connected to the cloud server using client-server architecture do not ensure the reliability, security, and integrity of their data. To get over these kinds of limitations, we propose a database management system using blockchain technology that can be used by any software application.
# Introducing the Bluzelle Blockchain
Bluzelle is data management ye decentralized technology that allows software developers to achieve unprecedented security and scale. With the many challenges being witnessed by many decentralized apps, Bluzelle fills this need and is very complementary to the other components, thereby making the decentralized Internet complete.
It is important to note that, without these decentralized components, the decentralized Internet would not be able to run efficiently and scale to massive use. One of the core reasons why Bluzelle was developed was to complement the exciting benefits blockchain technology provides to the finance industry. In 2014, this project was developed, and ever since then, it has continued to evolve and integrate so many wonderful features that have set it apart from other crude data management services.
Bluzelle is more intoned to dApp developers. Just to ensure developers get the highest throughout in performance, reliability, and scalability, Bluzelle has implemented swarming technology.
‘To clarify further, a swarm is a large group of nodes (computers) that work together to store and manage data. Nodes in these swarms can go down and new nodes can come up with minimal impact on the network. Overall Bluzelle is a meta-swarm comprised of multiple swarms.’
# Working Principle of the Bluzelle Blockchain.
Bluzelle takes blockchain principles and sharding & par22oning concepts to create an Airbnb like a marketplace for data storage and management. This is a crypto-economic network of powerful producers and consumers.
The working principle and condition that customarily governs the behavior being used by Bluzelle are the Sharding and Partitioning concepts. It uses these concepts to create an Airbnb like a marketplace, solely for data storage and management.
Invariably, this is a crypto-economic network of producers and consumers. This means that creators are the key players that prepare the blueprint for consumers
In the bluzelle blockchain, consumers are the ones who consume Bluzelle database services. Consumers are spending Bluzelle tokens so they can store and retrieve data. Also, a user could get a credit of tokens if a producer failed to meet certain service levels.
The producer in the Bluzelle blockchain is the one who provides resources to the network in return for earning Bluzelle tokens (BLZ). Bluzelle producers will be required to put up a proportional stake of Bluzelle tokens, in order to provide a guarantee on the service levels Bluzelle will provide.
Bluzelle encourages competition by producers to provide higher quality services, where those with higher service levels can charge more but also have to put up a higher stake.
Every participating consumer and producer of Bluzelle are initially required to independently create their own Ethereum account and take responsibility for securing and protecting their private key.
The private key is used to secure access to their ETH and Bluzelle tokens and encrypt their data before it gets sent out over the Bluzelle network.
# Advantages and Exciting features of Bluzelle Blockchain
The performance level of Bluzelle is top-notch. The swarming techniques were designed to provide the best level of performance and this is clearly seen in the operating stages of the blockchain. Latency is effectively reduced through the retrieving of data from the nodes that are close on the leaf swarm and increasing the speed. It also retrieves data from the fastest nodes on the leaf swarm. This is synonymous with torrents and seeds.
One of the unique features of Bluzelle is its reliability. It uses the concept of fog or swarm computing to actualize this. Using this unique model, every unit of data is replicated completely in a single leaf swarm amongst many swarms.
By this implication, it means that data is evenly distributed and that the swarm nodes are ultimately dispersed. This makes them highly immune to localized outages that occur as a result of natural or artificial events. Also, Bluzelle redundantly stores tiny pieces of data on nodes across the globe, eliminating any single point of failure.
Scalability refers to the ability to handle large data, transactions, without deterioration in performance or output. The blockchain scalability problem is the limited rate at which the blockchain network can process transactions. It is related to the fact that records (known as blocks) in the blockchain are limited in size and frequency. In bluzelle, scalability is possible both horizontally or vertically.
Bluzelle manages the various strategies and considerations around the use case of having to increase scale. Horizontal scaling is a cornerstone of the Bluzelle architecture, where every swarm is another “unit” of horizontal scaling at the metaswarm level. Within every leaf swarm, every node acts as yet another agent of horizontal scaling, at the leaf swarm level.
## Highest privacy
There is high-level privacy that exists on Bluzelle and this is made possible by cryptography and sharding techniques. These two provide and guarantee privacy. Privacy is very important in data management and that impacts trust and integrity of any blockchain technology.
## Data immutability
Data immutability is the quality or the state of not changing, or being unable to be changed: Bluzelle leverages blockchain technology so that once data is stored in such a network, it is impossible to change that data.
## Low cost
Bluzelle operates a few data centers and has little capital costs. The vast majority of computer resources are provided by participant producers.
In summary, bluzelle has envisioned that efficient database management is the best way to enhancing the security and integrity of blockchain technology. This also would likely make verifications across organizations easy. The new exciting partnership the company has incorporated in the past few months would ultimately make it a force to reckon with. In the next few years, it would be interesting to see how much value the Bluzelle blockchain has brought to the technological space.
### All images are properly sourced and also are royalty-free images. Others are resources of bluzelle
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# References and Additional Information.