net_left Kdata adver left
Detail

Bluzelle Is on the Mission to Become the Airbnb of Decentralized Cloud Storage

What comes to mind when you hear Airbnb? Like many, you are probably thinking of a platform that connects end-users with their choice of rented accommodation anywhere...
Bluzelle Is on the Mission to Become the Airbnb of Decentralized Cloud Storage Bluzelle Is on the Mission to Become the Airbnb of Decentralized Cloud Storage

What comes to mind when you hear Airbnb? Like many, you are probably thinking of a platform that connects end-users with their choice of rented accommodation anywhere around the world. How about a similar service for cloud storage?

Fully decentralized storage network

The current cloud service landscape is predominantly centralized and is mostly dominated by a few players including Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alibaba (NYSE:BABA), IBM (NYSE:IBM), and a few others.

One common attribute among the existing cloud storage service providers is that they are all purposed for the second-generation web 2.0, which is why they operate as a centralized network.

Likewise, this set of cloud services stores user data and information on a single node, or depending on how you see it, a single database, which if compromised, poses a great risk to the entire storage and its contents.

In addressing this seeming setback, Bluzelle, a decentralized storage network for the creator economy, is on the mission to build a storage network that is fully decentralized, replicable, and retrievable.

The Bluzelle network intends to do to web 3.0 what Google, IBM, Microsoft Azure, and their likes are doing to web 2.0; only in this case, the former wants to leverage the possibilities inherent in the blockchain.

During an exclusive interview with DailyCoin, Pavel Bains, the CEO and Co-Founder at Bluzelle, described the blockchain venture as the “Airbnb of decentralized storage.”

The B2B project is notable for safekeeping non-fungible tokens (NFTs) over its decentralized storage while ensuring that they are secure, easily accessible, and cannot be tampered with. In addition, Bluzelle also plays an instrumental role in the decentralized finance (DeFi) ecosystem, as it provides advance warnings of attacks that have plagued the sector.

Unlike centralized cloud storage services that rely on a single node or server, Bluzelle leverages the blockchain distributional system to decentralize cloud storage services.

Notably, by allowing different computers to join its network from anywhere around the world, Bluzelle is able to convert each to a storage facility and just like Airbnb, connect end-users to any of the storage facilities.

“Instead of sitting at one node that’s controlled by one company, we send it to the crowd and say offer up your storage and your space and we’re basically going to rent it out for you. So it’s basically the Airbnb of storage,” Bains noted.

Bluzelle Transitioned from Mere Data Storage to File Storage

Although Bluzelle initially launched as a blockchain-based data storage network, it incorporated file storage by the time it went live earlier in the year. According to Bains, being a data storage network alone poses a lot of limitations to what services can be offered.

On the other hand, by introducing file storage, they have been able to eliminate the majority of the limitations, which include the storage of NFT files.

“Initially, we were focused on data storage, but earlier this year we realized that file storage is critical. We can do that better, because of the support for NFTs, and have only recently launched the file storage component to the platform,” Bains explained.

Bluzelle Cloud Storage Network Supports File Replication

Because the operational nodes on the Bluzelle network are interconnected, files stored on the network are replicated across multiple nodes. This way, these files are easy to retrieve assuming a node is compromised. In comparison, this cannot be achieved on a centralized network that relies on a single server, which makes it a less safe alternative.

Take for instance, if a Google cloud service or Amazon web service shuts down for some time, an end-user is left stranded until the system is fully back on. On the other hand, if a node shuts down on Bluzelle, an end-user can easily retrieve a file from any of the interconnected nodes.

“With decentralized storage, such as Bluzelle, what we do is take your file and automatically replicate it within our storage network. So it has one owner, but we also validate that it is only one file that is replicated over all of our nodes so that even if one node fails, goes missing, or gets hacked into, your file remains unaffected,” Bains explained.

According to Bains, replicating the file in this context is not the same as creating new ones outrightly. Instead, by replicating a file stored on the network, Bains implies that they are storing it in multiple places at the same time.

“So what we end up doing is we’re basically storing it at multiple places at the same time. So when it’s grabbed, there’s only one file that it grabs from. So if you do lose it or one node goes down it’s still there,” Bains noted.

Replicated files are stored randomly across the network nodes so that when they are needed, the network algorithm can easily and quickly grab from the nearest available node.

While Bluzelle is not the first project of its kind, its proprietary approach of replicating files in multiple places makes it stand out from the likes of IPFS and other decentralized storage, which only stores files on a single node within the network.

On The Flipside

  • While there are ongoing plans to be consumer-friendly, Bluzelle currently employs a B2B business model, which limits its operations to enterprise-level end users.
  • The storage capacity supported by Bluzelle is highly dependent on how robust its nodes network can get, and in the meantime, there are but a few adoptions globally.

Why You Should Care?

The future of crypto is inseparable from the future of Web 3, which includes decentralized applications like Bluzelle at its core.

Watch the full interview here:

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Recently viewed

Most institutional investors hold or plan to buy cryptocurrencies: Survey

The latest survey carried out by Cointelegraph Research among 84 professional investors across the globe revealed that out of $316 billion in assets managed by the respondents,...
20/10/2022

Công ty của tỷ phú tiền điện tử này mua số lượng lớn Bitcoin dưới $30K

Trong khi những trader khác đang sầu thảm, Bitcoin giảm dưới $30k vào thứ 3 hóa ra là cơ hội “mua dip” đối với...
21/07/2021

EverGrow Coin’s ‘Tax-free’ Approach is the Masterstroke, Here is Why

The EverGrow Coin team shares how their listings on centralized exchanges would work in terms of tokenomics. EverGrow’s team clarifies those investing EGC on centralized...
11/11/2021

Ankr Claims an Ex-Team Member Placed Malicious Code That Led to Exploits for aBNBc Tokens

Ankr revealed that a former team member placed malicious code in their programs, leading to aBNBc exploits. Earlier, Ankr suffered a $5 million exploitation on its...
21/12/2022

Celer Network (CELR): Price Updates, Technical analysis, Recent Developments, Future Events, Community

Layer-2 scaling platform Celer Network has launched its cBridge 2.0, promising better performance The original cBridge recently crossed $800 million in total cross-chain...
12/11/2021
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9808

+0.0001 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (2)

Gold Futures

2,295.80

-7.10 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

85.62

-0.71 (-0.82%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

1.946

-0.009 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

US Coffee C Futures

213.73

-13.77 (-6.05%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

S&P 500

5,035.69

-80.48 (-1.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

DAX

17,921.95

-196.37 (-1.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

FTSE 100

8,144.13

-2.90 (-0.04%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

Hang Seng

17,763.03

+16.12 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

BASF SE NA O.N.

49.155

+0.100 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

27.35

-0.24 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

Adidas AG

226.40

-5.90 (-2.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (9)

Sell (1)

Siemens AG Class N

175.90

-1.74 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Bank AG

15.010

-0.094 (-0.62%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (2)

 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,285.72-47.5-2.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
ↂ Giá dầu thô thế giới
WTI$80.83+3.390.04%
Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
Xem bảng tỷ giá hối đoái
adver main right