When and by whom was Walrus founded?
Walrus Protocol was developed in 2024 by Mysten Labs, the same company that developed the Sui protocol.
Walrus's infrastructure
Walrus is built on the Sui network.
What does Walrus promise its users?
Walrus is a decentralized protocol that enables the secure, fast, and programmable storage of large data files. It offers direct data management through smart contracts and, with its high-performance structure, provides solutions specifically for areas such as media, artificial intelligence, and NFTs. The system, which runs on the Sui blockchain, protects data integrity in a cryptographically verifiable manner. The WAL token supports the sustainability of the ecosystem by being used for storage payments, staking, and governance. Thus, Walrus offers a scalable and reliable infrastructure for web3 and AI projects.
Is Walrus mined?
WAL is not a type of crypto asset that is mined.
The Impact of Walrus Protocol on the Sui Ecosystem
Symbiotic Relationship with the Sui Network
Walrus Protocol complements the Sui Network by providing a robust storage stack that enhances applications built on Sui. This integration not only supports the network's growth but also positively impacts the SUI governance token, creating a deflationary asset through increased usage.
Expanding the Reach of Sui Tokens
As Walrus Protocol gains momentum, it expands the demand for Sui tokens beyond the Sui Network. This external demand has the potential to make Sui tokens a more attractive asset and further solidifies Walrus's role as a bridge for Sui's multifaceted expansion.
Programmability and Data Control
The Walrus Protocol enables programmability in decentralized storage, allowing smart contracts to directly reference or trigger data stored on the chain. This capability transforms NFTs and other digital assets into true Web3 assets, increasing their value and utility.
Enhanced Data Access and Deletion
Unlike other storage protocols, Walrus allows clients to modify or delete data such as their settings. This flexibility is critical for organizations and conditions where sensitive information is controlled, making Walrus a versatile solution for various use cases.
Impact of Walrus Protocol on the Sui Ecosystem
Symbiotic Relationship with the Sui Network
The Walrus Protocol complements the Sui Network by providing a robust storage stack that enhances applications built on Sui. This integration not only supports a portion of the network but also positively impacts the SUI governance token, creating a deflationary asset through increased usage.
Expanding the Reach of Sui Tokens
As the Walrus Protocol gains momentum, it expands the demand for Sui tokens beyond the Sui Network. This external demand has the potential to make Sui tokens a more attractive asset and further solidifies Walrus's role as a bridge for Sui's multifaceted expansion.
How does Walrus work?
The system stores large digital files (videos, images, AI models, etc.) as "blobs" and distributes this data to different nodes on the network by separating it using a deletion encoding method. This ensures high data availability, low cost, and resilience against data loss. With the redesign of Walrus, developers can directly publish data to smart contracts on the blockchain.
Blockchains support decentralized computation through the State Machine Replication (SMR) paradigm. However, they are practically limited to distributed applications that require little data for operation. Since SMR requires all validators to replicate data fully, it results in a large replication factor ranging from 100 to 1000, depending on the number of validators in each blockchain.