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Rebuilding the Decentralized Storage on Sui: The Idea of Walrus.
Decentralized storage does not need a single provider and is censorship-resistant to data. A new storage network called Walrus is based on Sui blockchain and hard problems in this space. Having gone through the design documents and announcements, I present its primary ideas in a simple language such that anybody can comprehend.
Why Walrus matters
Old blockchains store everything on chain which is soon costly and constraining. Current off-chain solutions either must trust a small number of nodes or assume one service. Walrus is a censorship-resistant storage on the Sui network that is reliable. It is based on sliver encoding and proof of authority to maintain data access even when a number of storage nodes crash. It also possesses its token, WAL which compensates the storage, rewards providers and allows governance.
How Walrus stores your files
1. File splitting and sliver encoding file When a file is uploaded, Walrus splits it into segments, and then splits them into slivers. Sliver encoding forms additional slivers which are combinations of the original ones hence you just need a small sub-set beyond a threshold to rebuild the data.
2. Cross replication-Slivers are distributed with numerous shards and providers. The primary slivers are the primary slivers, others are coded (XOR) by primary ones. In case of node failure, the XOR coded slivers can rebuild the ones that are no longer there.
3. Decentralized record keeping Metadata mapping slivers to files and their locations is on the Sui blockchain. This enables the system to restore files without referring to one node.
Such methods offer high availability since the failure of a few nodes does not lost the data. They also secure privacy, as none of the providers has all the parts. It is only a person who is aware of which slivers to request that can rebuild the file.
PoA and The Sealer network.
To maintain the data accessibility, Walrus employs the Proof-of-Authority, rather than proof-of-work or proof-of-stake. Sealers are automatically selected as a community of trusted nodes to audit storage providers and recreate deleted slivers. Sealers verify the right number of slivers when data is uploaded which is recorded on chain. Subsequently, when a user attempts to recover a file and some slivers have been lost, the Sealers can recombine the XOR-coded slivers using the pieces and reread the file.
Such PoA procedures provide formal assurances: all the uploads are ultimately sealed and any sealed file can be reassembled provided that some of the providers are trustworthy. The sealer committee is not permanent and it is chosen at random so no one group can censure data.
The idea of token economics and the significance of WAL.
WAL is the indigenous token of Walrus and has many purposes:
1- Payment and fees - Users pay the storage providers using WAL and the providers bet using WAL to demonstrate their good faith. In case a provider burns slivers or misbehaves then a part of the stake may be burned.
2- Governance and voting - WAL will vote on network upgrades or protocol changes, defining the future of Walrus.
Deflationary burning This is where users pay to store data or providers are punished by burning a percentage of the WAL. This eliminates supply and rewards long term holders.
Token distribution
Walrus owns 1billion total WAL tokens. Their divisions include support of community incentives, development, and long-term sustainability:
Community reserve (43%) - 690 million tokens, which will be put into circulation over the course of time, until March 2033.
User drop (10%): 4⁻ day early user and community: 4% prior to mainnet, 6% on launch.
Subsidies (10%)- 100 million tokens to incentivize new users and developers unlocked in approximately 50 months.
Core contributors (30%) - 200million tokens are early developers, 100million to Mysten Labs, vested in four years with a one-year lock-up.
Investors (7%) 70million tokens-investors 12 months after mainnet launch.
This is a great distribution that will help in the participation of the community and also keep the team and investors committed in the long run. The proportions are plotted in the chart given below.
Comparison of the main design features.
Walrus is a mixture of a number of innovative features. The importance of four key design attributes to store data reliably is ranked in the conceptual chart below and the engineering effort is concentrated on the following:
1- Sliver encoding -
ally important to fault tolerance; file rebuilding is possible even when a large number of providers go down.
2- Cross-coded replication -Distributes information in shards and takes XOR-coded backup to enhance resilience.
3- Proof-of-Authority - Adds an additional auditing level, which ensures that data has been stored.
4- Delegated staking Providers stake WAL, which attaches economic outcomes to performance and deterring malicious actions.
A pragmatic thesis on Walrus
Walrus is a project that is trying to develop a decentralized storage layer that is Sui-friendly. Its individual approach is distinctive in a variety of aspects:
1- Striking a balance between decentralization and efficiency PoA rather than proof-of-stoke to verify the storage with the help of the PoA enables the new uploads to be sealed very quickly and their integrity to be verified.
2- Storage incentives rewarding good uptime, and punishing data loss incentivization of the providers that are reliable in storing WAL data. This economic structure makes the health of the network dependent on real value.
Walrus faces challenges. The network should also get sufficient storage providers to create redundancy and have a robust sealer community. The token economy should not dishearten early followers by making it healthy. Provided that these goals are achieved, Walrus can evolve into a critical storage layer in the Sui ecosystem, where storage is guaranteed to be safe, cost-effective, and has incentives and governance built in.
#Walrus @Walrus 🦭/acc
$WAL
Why Walrus matters
Old blockchains store everything on chain which is soon costly and constraining. Current off-chain solutions either must trust a small number of nodes or assume one service. Walrus is a censorship-resistant storage on the Sui network that is reliable. It is based on sliver encoding and proof of authority to maintain data access even when a number of storage nodes crash. It also possesses its token, WAL which compensates the storage, rewards providers and allows governance.
How Walrus stores your files
1. File splitting and sliver encoding file When a file is uploaded, Walrus splits it into segments, and then splits them into slivers. Sliver encoding forms additional slivers which are combinations of the original ones hence you just need a small sub-set beyond a threshold to rebuild the data.
2. Cross replication-Slivers are distributed with numerous shards and providers. The primary slivers are the primary slivers, others are coded (XOR) by primary ones. In case of node failure, the XOR coded slivers can rebuild the ones that are no longer there.
3. Decentralized record keeping Metadata mapping slivers to files and their locations is on the Sui blockchain. This enables the system to restore files without referring to one node.
Such methods offer high availability since the failure of a few nodes does not lost the data. They also secure privacy, as none of the providers has all the parts. It is only a person who is aware of which slivers to request that can rebuild the file.
PoA and The Sealer network.
To maintain the data accessibility, Walrus employs the Proof-of-Authority, rather than proof-of-work or proof-of-stake. Sealers are automatically selected as a community of trusted nodes to audit storage providers and recreate deleted slivers. Sealers verify the right number of slivers when data is uploaded which is recorded on chain. Subsequently, when a user attempts to recover a file and some slivers have been lost, the Sealers can recombine the XOR-coded slivers using the pieces and reread the file.
Such PoA procedures provide formal assurances: all the uploads are ultimately sealed and any sealed file can be reassembled provided that some of the providers are trustworthy. The sealer committee is not permanent and it is chosen at random so no one group can censure data.
The idea of token economics and the significance of WAL.
WAL is the indigenous token of Walrus and has many purposes:
1- Payment and fees - Users pay the storage providers using WAL and the providers bet using WAL to demonstrate their good faith. In case a provider burns slivers or misbehaves then a part of the stake may be burned.
2- Governance and voting - WAL will vote on network upgrades or protocol changes, defining the future of Walrus.
Deflationary burning This is where users pay to store data or providers are punished by burning a percentage of the WAL. This eliminates supply and rewards long term holders.
Token distribution
Walrus owns 1billion total WAL tokens. Their divisions include support of community incentives, development, and long-term sustainability:
Community reserve (43%) - 690 million tokens, which will be put into circulation over the course of time, until March 2033.
User drop (10%): 4⁻ day early user and community: 4% prior to mainnet, 6% on launch.
Subsidies (10%)- 100 million tokens to incentivize new users and developers unlocked in approximately 50 months.
Core contributors (30%) - 200million tokens are early developers, 100million to Mysten Labs, vested in four years with a one-year lock-up.
Investors (7%) 70million tokens-investors 12 months after mainnet launch.
This is a great distribution that will help in the participation of the community and also keep the team and investors committed in the long run. The proportions are plotted in the chart given below.
Comparison of the main design features.
Walrus is a mixture of a number of innovative features. The importance of four key design attributes to store data reliably is ranked in the conceptual chart below and the engineering effort is concentrated on the following:
1- Sliver encoding -
ally important to fault tolerance; file rebuilding is possible even when a large number of providers go down.
2- Cross-coded replication -Distributes information in shards and takes XOR-coded backup to enhance resilience.
3- Proof-of-Authority - Adds an additional auditing level, which ensures that data has been stored.
4- Delegated staking Providers stake WAL, which attaches economic outcomes to performance and deterring malicious actions.
A pragmatic thesis on Walrus
Walrus is a project that is trying to develop a decentralized storage layer that is Sui-friendly. Its individual approach is distinctive in a variety of aspects:
1- Striking a balance between decentralization and efficiency PoA rather than proof-of-stoke to verify the storage with the help of the PoA enables the new uploads to be sealed very quickly and their integrity to be verified.
2- Storage incentives rewarding good uptime, and punishing data loss incentivization of the providers that are reliable in storing WAL data. This economic structure makes the health of the network dependent on real value.
Walrus faces challenges. The network should also get sufficient storage providers to create redundancy and have a robust sealer community. The token economy should not dishearten early followers by making it healthy. Provided that these goals are achieved, Walrus can evolve into a critical storage layer in the Sui ecosystem, where storage is guaranteed to be safe, cost-effective, and has incentives and governance built in.
#Walrus @Walrus 🦭/acc
$WAL
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