Bluzelle oracle to power Polkadot DeFi developers

Polkadot Defi Bluezelle

Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today.

Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well.

As per the release, Polkadot’s integration with Bluzelle will allow developers to launch new parachains or parallelizable blockchains, while retaining access to a decentralized data network.

Bluzelle is a decentralized database service provider with its data storage solutions meant for developers of decentralized applications (dApps) that would otherwise have to rely on centralized infrastructure and traditional cloud-based databases.

It is powered by BLZ, its external ERC20 token and its native token BNT (Bluzelle Network Token). Bluzelle said in a statement:

By entering the Polkadot ecosystem, Bluzelle will provide a backbone to support innovation while positioning itself at the heart of the Web3 movement. Continue Reading

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound