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The distributed storage track was one of the most popular tracks in the last bull market, with FIL as the leader, and its market value soared to as much as US$120 billion.
FIL, once a top-level project, is now still a "dead" project. In fact, FIL is a good project in terms of technological development and ecological community construction. The most important reason why it is not favored by the market today is that too many people were optimistic about this project. Therefore, the expectations for the next 10 years have been fulfilled in the last bull market. There are too many trapped shares above, and even a new bull market will find it difficult to shake the sky-high prices above.
I have analyzed FIL in previous articles, so I will not analyze it in detail today.
The market should now focus on the distributed storage track, which can double in a bear market; projects such as BLZ and STORJ that are highly recognized by market funds.
Today I will focus on the working principle of BLZ/project and the future growth prospects
BLZ-Bluzelle
Bluzelle is a user-demand, scalable, decentralized database service platform that targets small and medium-sized software developers and aims to provide them with enterprise-level database management services that are low-cost, fast to deploy, and fast to run. Bluzelle encourages users to rent and share their resources to build a decentralized digital economy database network.
1. Project Introduction
Bluzelle stores data and provides database services in a unique, distributed and intelligent way. It dynamically adjusts the number and location of nodes for data sharding and provides enterprise-level scalability. Developers can use Bluzelle's decentralized database just like traditional cloud database products.
Project Features
performance:
Bluzelle's unique and proprietary clustering technology is designed to achieve the highest performance possible. Bluzelle can reduce latency by retrieving data from the closest node in the leaf cluster, and greatly increase speed by retrieving data in parallel with the fastest node in the leaf cluster. It's like torrents and seeds. Since data requests and the process of requesting data shards from all the different clusters containing these shards are parallelized, and these shard retrieval requests are all parallelized, the performance indicators can reach the required requirements.
reliability:
Using the concept of fog algorithm or swarm algorithm, Bluzelle follows a model where each unit’s data is 100% replicated to the leaves of the cluster. Therefore, although the data is only in one cluster, the cluster is protected from local outages caused by natural or human-related events because the nodes are many and geographically dispersed.
Scalability:
Bluzelle databases are scalable both horizontally and vertically. Bluzelle manages the various strategies and considerations for each use case that requires scalability. Horizontal scalability is the cornerstone of Bluzelle architecture, and each cluster is another "unit" of horizontal scalability at the larger cluster level. In each leaf cluster, each node becomes another agent for horizontal scalability at the leaf cluster level.
Application Scenario
market prediction
Decentralized prediction market applications in Ethereum require the management and storage of large amounts of data. This includes: (1) the questions asked (2) the different possible outcomes, (3) the predictions made, and (4) information about actual events. A decentralized database can grow and scale based on product demand. Fast and reliable access to data is important for prediction market success and for acquiring new customers and engagement. Historical data stored on Bluzelle will add a new category of predictions - reducing human guesswork by using past events to make better predictions.
Currency Exchange Agreement
A key part of a currency exchange protocol is the presence of relayers, which enables makers and takers to connect through an off-chain order book. The relayer's base order must be fast, efficient, reliable, and easy to supply. One of the pain points here is that relayers are responsible for storing these orders in their own way. By using a decentralized database such as Bluzelle, token exchange protocols can provide relayers with a standard, consistent, and ubiquitous database. Since the network is now still supported by relayers, this reduction in friction can maximize service levels and quality.
Data Flow Network
The Data Stream Network matches consumers of data points with producers of data points. For example, a car consumes real-time data from a Data Stream Network. The car collects real-time data as it moves, and it pays for both the data it “sells” to the network and the data it “buies” from the network. Data points need to be both readable and writable, with high performance, availability, scalability, and reliability. Bluzelle is ideal for providing the exact infrastructure needed so that it can be used by the Data Stream Network to store its data to meet these requirements.
Technical Overview
Developer Marketplace
Bluzelle aims to work with leading software development ecosystems to establish revenue-sharing channel partnerships. Notable ones include Heroku, AWS Elastic Beanstalk, Redhat OpenShift, Google App Engine, and Microsoft Azure. Through such integrations, developers can quickly use Bluzelle's decentralized database as effortlessly as they can use traditional cloud database products - just point and click.
Development Environment
Development environments such as Android Studio, Apple XCode, Microsoft Xamarin and Visual Studio, Eclipse, IntelliJ, Unity3D, PhoneGap, and Ionic are all targeting plugins and integrations so that decentralized app developers for desktop and mobile apps can easily integrate the Bluzelle database into their games or enterprise apps.
Blockchain
Blockchain plays an important role in the Bluzelle ecosystem. We plan to deploy smart contracts directly to Ethereum instead of other open blockchain protocols such as Hyperledger to enable decentralized application smart contracts to use Bluzelle for their storage needs.
Operating system and browser tools
Operating system and browser tools further enhance developers' ability to access data, whether from a GUI application running on the desktop or a browser plug-in, enabling them to quickly store and retrieve table data.
Summary: In the past month or so, BLZ's market value has increased by nearly 5 times. It has now fallen back and is currently worth 57 million US dollars. FIL's peak market value was as high as 120 billion US dollars. There is still a lot of room for imagination in horizontal comparison of market value alone.
Secondly, after the Ethereum L2 upgrade is completed, the development of artificial intelligence applications will require a large amount of distributed data storage. If the data storage platform can give full play to the advantages of data stratification, data distribution, data rights confirmation, and data sharing, greater imagination space will be opened up.
The above sharing only represents personal opinions and is for reference only and does not constitute investment decision advice.
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