Bluzelle AMA Recap

Bluzelle AMA Recap

CryptoDiffer team

Hello, everyone!😁

We are glad to meet here 

CEO & Co-Founder of Bluzelle (@pavelbains)

Pavel Bains,CEO & Co-Founder of Bluzelle

Thanks for having me!

CryptoDiffer team

Let`s start with introduction questions:

Q1: Can you introduce yourself to the community? What is your background and how did you start Bluzelle?

Pavel Bains,CEO & Co-Founder of Bluzelle

Interesting background. I came from video games and digital media. I worked with Disney, Microsoft, Electronic Arts, Dreamworks and more. 

Then I discovered Bitcoin and blockchain and went into the rabbit hole like everyone else. Originally we started Bluzelle to work with banks and insurers. We would build projects for them. 

We did excellent work with HSBC, AIA, MSIG. While doing that we realized that only part of the application was decentralized. The smart contract layer. If Dapps are to take off, more needs to be decentralized. Thats when we discovered the need for a decentralized database. Thats how it was born.

CryptoDiffer team

Q2: Can you briefly describe what is Bluzelle in 3-5 sentences?  What technology stands behind Bluzelle and why it’s better than the existing one?

Pavel Bains,CEO & Co-Founder of Bluzelle

Bluzelle is a decentralized database. It’s powered by Cosmos + Tendermint. Its a delegated POS network. 

Why is Bluzelle needed? Well if you are building a Dapp you have two choices to storing large amounts of data

1. Store on the blockchain like Ethereum which is slow and expensive. 

2. Store on  a centralised service which has privacy and security risks. 

Bluzelle allows data be stored in a decentralized manner across thousands of nodes. This gives greater security, privacy and availability. The network won’t go down like Cloudflare just did.

CryptoDiffer team

And the last one from our team before we open the chat:

Q3: What are the major milestones you have achieved so far?

Pavel Bains,CEO & Co-Founder of Bluzelle

The biggest was completion of our incentivized testnet campaign that completed earlier this month. It was called SWARM OF DUTY. 

Over 40 projects developed on Bluzelle. 

Over 200 validators participated to test and secure the network. That was one of the biggest turnouts for a blockchain network.

CryptoDiffer team

Thank you for such detailed and interesting answers!

Let’s move to the Telegram community questions part.

Cryptodiffer Community

Recently, you announced a new program called BLZ solder program.

What’s the story behind the BLZ solder program. can you explain what is BLZ solder program? And what are the benefits for users?

Pavel Bains,CEO & Co-Founder of Bluzelle

This is our community program to get people more behind Bluzelle and help us take our territory. BLZ Soldiers will earn rewards for helping spread the word about Bluzelle. They’ll also get advance previews of product and be asked to particpate in special events and programs.

Cryptodiffer Community

What is the function of BLZ and BNT in the Bluzelle ecosystem. How do we get reward by 

hodling BLZ, do you have a staking or mining program?

Pavel Bains,CEO & Co-Founder of Bluzelle

Yes!!! Staking is part of Bluzelle. If you join the network to provide storage you will get rewards. But you must stake BLZ so we make sure you act right for the network. We will be releasing staking news very soon. Just firming up details now.

Cryptodiffer Community

What if Ethereum can’t figure out its scaling issues and it becomes so overloaded with all the new projects? Is Bluzelle architectured in a way that makes it easy to switch to something like Binance Chain?

Pavel Bains,CEO & Co-Founder of Bluzelle

The genius of Bluzelle is that it isn’t built on Ethereum. It was designed to be used by every blockchain. 

We support multiple programming languages: JS, javascript, python, Ruby, C#, solidity. If you use those languages, you can use Bluzelle. 

Plus because our blockchain is based on Cosmos, whenever a blockchain connects to Cosmos, they will automatically be able to use Bluzelle.

Cryptodiffer Community

Is Bluzelle resistant to the most recent CLOUDFARE issue?

Please how does SWARM of Duty incentivize developers to build on Bluzelle

Pavel Bains,CEO & Co-Founder of Bluzelle

Because we will be powered by thousands of nodes, the chances of the network going down is extremly low. It will only happen if every ISP in the world went down. 

Even if a few ISPs went down, all the data is replicated across multiple nodes, so it will still be available.

Cryptodiffer Community

What is the need to use 2 BLZ and BNT tokens? What is the relationship and role of these two tokens in the Bluzelle ecosystem?

What security measures have been taken to ensure that user data stored in Bluzelle cloud and decentralized storage is preserved, protected and easily accessible to their owners at all times?

Pavel Bains,CEO & Co-Founder of Bluzelle

BLZ is the ERC 20 token. Easily bought and transferred by exchanges and people. To use Bluzelle, BLZ is deposited into Bluzelle by the user and they are given BNT (Bluzelle Native Token) to use on the network. 

Cryptodiffer Community

To become a storage provider on your network must be a validator. Could you describe in details how we can stake and earn rewards in Bluezelle?

Pavel Bains,CEO & Co-Founder of Bluzelle

https://blog.bluzelle.com/swarm-of-duty-the-ultimate-guide-for-validators-493e1ff84447

Cryptodiffer Community

The user community is important to a cryptocurrency project. In the near future, doesBluzelle have any special plans to attract and expand the community? You have announced your Bluzelle Soldier Program – what role does it play in expanding the community? How do I join Soldier Program?

Pavel Bains,CEO & Co-Founder of Bluzelle

https://blog.bluzelle.com/announcing-the-blz-soldier-program-910c345c8c18

Cryptodiffer Community

1. Currently, BLZ has about 234M tokens in circulation / Total supply of 500 M. So the number with the remaining tokens, how will you create the scarcity and enhance the value of the token?

2.How can we participate in Stake of Bluzelle? BluzelleNet POS reaches 10k TPS, but why did you choose Ethereum as the initial platform for BLZ?

Pavel Bains,CEO & Co-Founder of Bluzelle

We will create scarcity through staking. We also have some other innovative plans. 🤫

We chose Ethereum initially because it was the most readily available and good basis for ERC 20

Cryptodiffer Community

Every industry is severely affected by the egregious situation of the Covid-19 outbreak, and the crypto industry is not left out. Does it affect the growth of $BLZ? What are your plans to turn challenges into opportunities for Bluzelle development?

Pavel Bains,CEO & Co-Founder of Bluzelle

Covid 19 gives a massive opportunity to Crypto and Bluzelle. 

People are losing trust in fiat money. Massive printing is not good. Banks give 0 interest. Crypto emerges as the trustless place to go. 

Because of Covid, people don’t trust governments. Privacy is being invaded and governments are looking to use Covid as a reason for more invasion. Plus they can censor information. 

Bluzelle is a tamper-proof. If you are building websites, or other communication channels, your information cannot be changed.

Cryptodiffer Community

“DApp’s web 3.0 Ecosystem” focuses on Decentralized Finance. The fate of the “adoption” of DeFi is tied to the scalability and usability of Ethereum. As a project that’s dealing with DeFi, how does Bluzelle address this statement about the adoption of DeFi?

Pavel Bains,CEO & Co-Founder of Bluzelle

I have to disagree here. The fate of adoption is not tied to any one thing. The last few years have shown that crypto adapts fast. If Ethereum becomes a real problem, we will find something else. 

The biggest threat to adoption is crypto people like us only talking to each other. We need to educate more people and bring them

Cryptodiffer Community

Q: What strategies does the BLZ team have for governments and multinational organizations to agree and use your platform?

Pavel Bains,CEO & Co-Founder of Bluzelle

We don’t focus on them right now. Waste of energy trying to educate big companies and governments to move. They will take too long. We go to them later when we have the early adopters. 

Any startup who spend their time on those organizations is not doing the right thing. Unless they are govtech. 😉

Remeber PayPal really got going because people on Ebay needed something to pay with. Focus small on the people who get it right now.

Cryptodiffer Community

How does it look that Bluzelle project will position itself in the future decentralized financing (DEFI)?

Pavel Bains,CEO & Co-Founder of Bluzelle

Defi will need to expand to allow features and use cases that tradtional investment platforms have. Those use a NoSQL database like DynamoDB, MongoDB etc. It provides a better user experience, data insights, analytics. 

Defi will need the same. Bluzelle will enable that.

Cryptodiffer Community

Which market are you targeting for 2020? What strategies do you have to attract users, and make them stay with your platform in the long run?

Pavel Bains,CEO & Co-Founder of Bluzelle

Defi developers, content developers. We are launching a developer program which will give grants to developers building killer applications with us. We are partnering with some layer 2s on this.

Cryptodiffer Community

How well is the bluzelle team prepared to continue working during the covid19 crisis?

Pavel Bains,CEO & Co-Founder of Bluzelle

The great thing about crypto is almost every project works remote. So it didn’t affect us at all work wise. More about the mental strength. Good thing everyone who survived crypto winter is mentally strong already.

Cryptodiffer Community

Do you have any plans to attract non-crypto investors to Bluezelle and how?. What are the measures to increase awareness of Bluezelle in non-crypto space?

Pavel Bains,CEO & Co-Founder of Bluzelle

Most definately. A decentralized database should be used by all applications. We are going to that world by working with some strategic partners that will help break us in.

For example, Bluzelle will be available on Heroku, which is owned by Salesforce.

Cryptodiffer Community

how do you attract investors to be interested in $BLZ ? because some investors only focus on short-term prices rather than long term?

Pavel Bains,CEO & Co-Founder of Bluzelle

Do you believe that blockchain is the future? 

Do you believe Dapps will be the future because of Blockchain?

If you say yes to the above, then every application needs a database. Buying BLZ means you believe in the future of blockchain.

Cryptodiffer Community

Bluzelle looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in Bluzelle to give it the importance it deserves? What are your planning to achieve with your project?

My question is about Bluzelle marketing. As we know, every crypto project needs to be used for growth. So what are the plans for mass use in the future?

Pavel Bains,CEO & Co-Founder of Bluzelle

Not every application needs a blockchain. But every application needs a database.

Cryptodiffer Community

Do you have any plans to attract non-crypto investors to Bluezelle and how?. What are the measures to increase awareness of Bluezelle in non-crypto space?

Pavel Bains,CEO & Co-Founder of Bluzelle

Do you believe that blockchain is the future? 

Do you believe Dapps will be the future because of Blockchain?

If you say yes to the above, then every application needs a database. Buying BLZ means you believe in the future of blockchain.

Cryptodiffer Community

The 2 biggest hurdles for adoption is ease of access and transparent communication, which builds trust. What are you doing to address these 2 challenges and really deliver a quality experience to the users? does The Bluzelle Messenger have both?

Pavel Bains,CEO & Co-Founder of Bluzelle

The Bluzelle Messenger is built by the developer community. It is there to show the potential of Bluzelle behind a messenger.

Cryptodiffer Community

1. How secure is an Edge caching node? Usually the data base from a game is robust, and it is difficult to get it down. How can this be reproduced in hundreds or maybe thousands of Edge caching nodes? How can you ensure security of the network?

2. how many databases exist? Or is it just one?

Pavel Bains,CEO & Co-Founder of Bluzelle

We ensure secutity by having a blockchain behind it that verifies all access and changes to data is done by the rightful owner. 

Bluzelle is a database network. It allows limitless databases to be built.

Pavel Bains,CEO & Co-Founder of Bluzelle

Thank You

Awesome questions

Cryptodiffer Team

This was insightfull session!

Thank you @pavelbains for your time! Great answers!

Thank you everyone who participated!

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
CryptoDiffer Admin
query2212@gmail.com

Leave a Reply

Your email address will not be published.