Walrus (WAL) is a decentralized storage and data protocol built on the Sui blockchain, designed to tackle one of Web3’s biggest infrastructure challenges: secure, scalable, and cost-efficient storage of large files and data. Unlike centralized cloud services that rely on a single provider, Walrus distributes data across many independent storage nodes using advanced coding techniques, making storage censorship-resistant, reliable, and resilient. This decentralized model ensures that even with part of the network offline, stored data remains accessible and intact through cryptographic proof mechanisms.
The WAL token drives the economic and governance layer of the protocol. It’s used to pay for storage services, stake and secure the network through delegated staking, and participate in on-chain governance decisions that guide protocol parameters and incentives. Storage fees are paid upfront in WAL and distributed over time to nodes and participants who help maintain the network, fostering a sustainable and decentralized ecosystem.
WAL
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