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Walrus (WAL) is the native token powering the Walrus protocol, a decentralized system built to support secure, private, and scalable blockchain interactions. Operating on the Sui blockchain, Walrus focuses on two core needs of modern Web3 applications: privacy and efficient decentralized data storage.
At the infrastructure level, Walrus introduces a novel storage design that combines erasure coding with blob storage, allowing large files to be split, distributed, and redundantly stored across a decentralized network. This approach improves fault tolerance, reduces storage costs, and enhances censorship resistancekey requirements for applications that cannot rely on centralized cloud providers.
Beyond storage, the Walrus protocol integrates DeFi functionality. WAL is used within the ecosystem for governance participation, staking, and interaction with decentralized applications (dApps). The protocol supports private transactions, enabling users and builders to design applications where sensitive data andinteractions remain protected while still benefiting from on-chain verification.
By aligning decentralized storage with privacyfocused DeFi tools, Walrus aims to serve developers, enterprises, and individuals seeking decentralized alternatives for data management and blockchain-based applicationswithout compromising security, scalability, or user contro
@Walrus 🦭/acc $WAL #Walrus