What is Walrus?
Walrus is a decentralized storage protocol and application platform that enables secure, scalable, and efficient handling of large data and media files. It converts stored files into verifiable on-chain objects, ensuring data integrity and availability across a distributed network. The protocol supports decentralized applications by leveraging blockchain features to provide a reliable, censorship-resistant storage solution.
Walrus goals
Walrus is designed to address the limitations of traditional centralized storage by eliminating single points of failure and reducing storage costs. It achieves this by splitting large files into multiple fragments and distributing them across a network of storage nodes, which enhances security and fault tolerance. The protocol finds use in various applications such as NFT media storage, AI training dataset hosting, backup solutions, and decentralized website hosting.
Walrus fondamentals
The WAL token plays a central role in the Walrus ecosystem, serving as both a payment instrument and a governance token. The token has a total supply of 5000000000 WAL, with its market value captured by a market capitalization of $765777288 and a current trading price of $0.60629. Walrus incorporates deflationary mechanisms such as penalties on short-term staking and slashing for low performance, while its token distribution plan allocates tokens to community initiatives, core contributors, and investors to foster long-term growth.
Marketcap
$0.76577729B
Total number of Walrus
5000000000 WAL
Walrus technology
Walrus operates by breaking large files into smaller fragments called blobs, which are then stored across a decentralized network of nodes. Data integrity is maintained through delegated staking of WAL tokens, cryptographic proofs of availability, and erasure coding that allows file reconstruction even if some nodes fail. The protocol is built on the Sui blockchain, harnessing its secure object model and the Move programming language to facilitate programmable, tokenized storage solutions.
Walrus competitors
Walrus differentiates itself by integrating advanced decentralized storage techniques with the programmability of the Sui blockchain. It leverages innovative data fragmentation and cryptographic proof methods that ensure robust, cost-effective storage, setting it apart from both centralized providers and other decentralized storage protocols. Its community-focused token distribution, deflationary token burning, and seamless integration with programmable smart contracts further enhance its competitive edge.
Walrus price history
Frequently asked questions
Walrus is built on the Sui blockchain, which offers enhanced security, scalability, and support for programmable smart contracts.
The protocol splits large files into smaller fragments and distributes them across multiple storage nodes, using cryptographic proofs and delegated staking to guarantee data integrity and availability.
The WAL token is used for making payments, staking to secure the network, and participating in governance decisions, while also supporting deflationary mechanisms through token burning.
Walrus is designed for securely storing large media files, hosting AI training datasets, providing backup solutions, and supporting decentralized applications such as NFT platforms and dApp front-ends.
By integrating with the Sui blockchain and offering programmable, tokenized storage, Walrus empowers developers to manage both on-chain metadata and off-chain data, thereby enhancing dApp performance and security.
Key differentiators include its decentralized network, innovative data fragmentation through erasure coding, deflationary token economics, and strong integration with blockchain technology, which collectively provide a more secure and cost-effective storage solution.
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