BLUZELLE AND RIODEFI PARTNERS FOR SECURE DEFI DATA STORAGE
RioDeFi is a blockchain technology company that brings together traditional and decentralized finance and has signed a strategic partnership with Bluzelle. RioChain, a parity substrate-based blockchain, will use Bluzelle’s scalable and interoperable decentralized database for off-chain storage of DeFi data. On top of that, they will support our Mainnet as a long-term validator to help protect the Bluzelle network.
RioChain is ideal for a wide variety of decentralized applications, especially for developers who want to build dApps on a fast, scalable, and interoperable blockchain with low transaction fees. To enhance digital assets’ mass adoption, they released a beta version of RioWallet that allows users to easily convert fiat currency from a bank account or credit card to cryptocurrencies and access DeFi services, including clearing and staking, Loans, and borrowings.
Bluzelle’s decentralized database offers RioChain developers a secure solution to store their data while maintaining a decentralized technology stack. Data is distributed across various nodes on our network, ensuring that our network’s data is secure and always available. With our consensus engine, only the authorized owner can access the data. Additionally, by moving on-chain data off-chain, RioChain continues to be efficient and scalable, with users and network activity growing exponentially.
It can be easily accessed and integrated with the various client libraries they support. Riochain will also release the updated version of BluzelleStudio, enabling developers to manage their data directly from a client interface.
With Bluzelle, you can save Dapps data in both a decentralized and modifiable location. This is an excellent advantage for Dapps created in RioChain. Many Dapps still use centralized databases to host-specific data points that are too expensive to be stored in. chain. Bluzelle’s decentralized database for off-chain storage provides the perfect solution to maintain proper decentralization while minimizing costs.
RioDeFi will also expand its support for Bluzelle Mainnet as a validator. The addition of world-class validators like RioDeFi to the Bluzelle network is part of an effort to continuously improve the security and decentralization of the Bluzelle blockchain.
Pavel Bains, CEO of Bluzelle, said the Bluzelle network is proud to support RioDefi, who created a core infrastructure for DeFi and is committed to making Bluzelle its mission to become a reliable and secure database dApps. There is tremendous confidence that the RioDefi, with its robust technical infrastructure and expertise, will help ensure maximum efficiency and security for our network.
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