Walrus (ticker: WAL) is a cryptocurrency utility token and protocol built for decentralized data storage on the Sui blockchain — a blockchain focused on fast, scalable Web3 apps.�
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🪙 What Walrus Is
Walrus is not just a “coin” in the usual sense — it’s part of a decentralized storage network that lets developers and users store, manage, and use large data files (like videos, images, and AI datasets) in a peer-to-peer way without central servers.�
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Instead of paying a cloud service like Google or Dropbox, Walrus spreads encoded fragments of your data across many nodes, making storage more censorship-resistant and efficient.�
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💡 How Walrus Works
Built on the Sui blockchain: Sui handles metadata and transaction integrity.�
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Efficient storage technology: Uses smart encoding to break data into shards that are stored across the network, reducing cost and increasing reliability.�
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Token uses (WAL):
Pay for storage fees on the network.�
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Stake in the network: Token holders can stake WAL to help secure and operate storage nodes.�
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Governance: WAL holders can vote on development decisions.�
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