@walrusprotocol
Walrus (WAL) token is the native digital currency used within the Walrus protocol, a decentralized finance (DeFi) platform focused on secure and private interactions based on blockchain technology. The protocol supports private transactions and provides tools for users to interact with decentralized applications (dApps), governance, and storage activities. The Walrus protocol is designed to facilitate decentralized and privacy-preserving storage of data and transactions. It operates on the Sui blockchain and uses a combination of sharding and block storage to distribute large files across a decentralized network. This infrastructure aims to provide cost-effective, censorship-resistant storage suitable for applications, businesses, and individuals seeking decentralized alternatives to traditional cloud solutions.
