Walrus[WAL]
Walrus is a decentralized storage protocol built on the Sui blockchain that enables secure, low-cost, and efficient storage and management of large unstructured data such as NFTs, AI model datasets, and media files.
Utilizing erasure coding and distributed storage across multiple nodes, Walrus ensures high data resilience and availability while reducing costs significantly compared to traditional decentralized storage solutions like Filecoin and Arweave. The protocol integrates on-chain access control and smart contract operability, allowing seamless data modification, deletion, and programmable interactions.
The WAL token is the native utility token of the Walrus protocol, used for paying storage fees, staking to support network security, and participating in governance. Token holders can delegate staking to storage nodes, which compete for stake and secure the network through high-performance data hosting. Walrus incorporates deflationary mechanisms such as burning penalties and slashing to incentivize long-term staking and reliable node behavior, promoting a sustainable and secure decentralized storage ecosystem.
The WAL token is the native utility token of the Walrus protocol, used for paying storage fees, staking to support network security, and participating in governance. Token holders can delegate staking to storage nodes, which compete for stake and secure the network through high-performance data hosting. Walrus incorporates deflationary mechanisms such as burning penalties and slashing to incentivize long-term staking and reliable node behavior, promoting a sustainable and secure decentralized storage ecosystem.
StorageDePIN