Walrus (WAL) is the native utility and governance token of the Walrus protocol, a decentralized data storage and management network built on the Sui blockchain. The project aims to provide fast, low-cost, programmable storage for large files (like media, datasets, web content, and more) in a Web3 environment.
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Core Purpose & Technology
Decentralized Storage: Walrus helps developers and users store large unstructured data (videos, images, datasets) across a distributed network of storage nodes in a trustless manner.
Built on Sui: The protocol uses the Sui blockchain’s high-speed and low-fee environment for storing metadata, proofs, and coordinating data availability.
RedStuff Encoding: Walrus uses a custom algorithm to break data into encode
