The Walrus (WAL) token is the native cryptocurrency 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 data storage and transactions in a decentralized and privacy-preserving manner.#dusk
It operates on the Sui blockchain and uses a combination of erasure coding and block storage to distribute large files across a decentralized network. This infrastructure aims to provide cost-effective and censorship-resistant storage suitable for applications, businesses, and individuals looking for decentralized alternatives to traditional cloud solutions.