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What is Bluzelle (BLZ)?
Bluzelle (BLZ) is the native token of the Bluzelle network, a decentralized storage solution designed for scalability and security. BLZ tokens incentivize network participation and fuel various functionalities within the Bluzelle ecosystem.
Key Features of Bluzelle (BLZ)
- Decentralized Storage: Bluzelle offers a blockchain-based alternative to centralized cloud storage, providing users with greater control over their data.
- Scalability: Bluzelle’s architecture is designed to handle large amounts of data efficiently, making it suitable for various applications.
- NFT Storage: Bluzelle caters to the creator economy by offering secure and decentralized storage for NFTs (Non-Fungible Tokens).
- Dual Token System: Bluzelle utilizes a dual token system with ERC-20 BLZ for external exchanges and native BLZ for network fees and staking.
Uses of Bluzelle (BLZ) Token
- Network Transactions: BLZ tokens are used to pay for transactions on the Bluzelle network, including storage fees and data retrievals.
- Staking Rewards: Users can stake BLZ tokens to contribute to network security and potentially earn rewards.
- Governance (Potential): In the future, BLZ token holders might have voting rights on proposals shaping the Bluzelle protocol’s development