#Walrus $WAL is a decentralized storage and data availability protocol built on the Sui network. It allows users to securely, efficiently, and scalably store and retrieve large files ("blobs") such as videos, images, PDFs, AI models, and blockchain logs. Unlike traditional cloud storage services like Google Drive or Amazon S3, Walrus operates on a network of independent storage nodes rather than relying on a central authority. This ensures that files remain available even if some nodes fail
Walrus aims to solve key issues in decentralized storage, such as high costs, slow speeds, and security risks. It also utilizes advanced pruning programming and a unique algorithm called Red Stuff to make data storage more reliable and cost-effective. Additionally, Walrus benefits from the WAL currency, which is a cryptocurrency that supports its economy, ensuring that storage is affordable and that network participants receive fair rewards.
Walrus WAL developer
The Walrus program was developed by Mysten Labs, the same team behind the Sui blockchain.
