Bluzelle
Crypto Overview
Understanding Intended Utility
Bluzelle is designed as a decentralized storage network and database service that aims to provide developers with a reliable and scalable solution for data storage. The BLZ token serves as the native cryptocurrency of the network, used for paying storage fees, running validator nodes, and network governance.
Business Model Analysis
The project's business model focuses on providing decentralized database services, particularly targeting decentralized applications (dApps) and Web3 projects. The model appears to align with halal principles as it provides a clear utility service and operates with transparency.
Actual Utility Assessment
Recent development activity shows that Bluzelle has expanded its services to include NFT storage solutions and GameFi infrastructure. The network currently operates with active validator nodes, though adoption metrics indicate moderate usage compared to competing storage solutions.
Token Distribution and Governance
The initial token distribution allocated 35% to the public sale, 30% to the company reserve, 15% to the team and advisors, and 20% to ecosystem development. Team tokens were subject to a vesting period of 2 years. Recent data shows continued development funding and regular updates to the protocol.
Technical Implementation
Bluzelle operates on a proof-of-stake consensus mechanism, where token holders can participate in network validation. The storage service implements Byzantine fault tolerance and uses a 'swarm' of nodes to ensure data reliability. These technical aspects align with halal principles as they provide genuine utility and value exchange.
Crypto Impact
To assign a comfort level investing in Bluzelle from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bluzelle.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.