What is Walrus Protocol? Learn about the decentralized storage solution on Sui

@WalrusProtocol is a decentralized storage solution developed on the Sui blockchain with the goal of addressing the issues of high data copying costs and the limitations of other centralized storage solutions. What is Walrus Protocol? #Walrus is a decentralized data network that allows for secure and efficient data storage at low cost. This platform aims to solve the problems of high data copying costs and the limitations regarding availability and durability of current centralized storage solutions. In addition to data storage, Walrus can also serve as a low-cost storage layer for rollups, where the sequencer uploads transactions and the rollup executor only needs to temporarily restore data for execution. This is not only useful for digital assets like NFTs but also supports businesses in strategies to recover important data at low cost, ensuring data integrity and transparency. Advantages of Walrus Protocol The two main advantages of Walrus are: Cost-effective storage: Walrus allows data to be uploaded only once, and storage nodes require only a small fraction of resources relative to the data size. As more nodes participate in storage, each node uses fewer resources for each data segment, helping to reduce storage costs. High availability and reliability: Data stored on Walrus has high reliability and availability even under fault conditions. Data recovery can still be performed when 2/3 of storage nodes fail or are compromised by malicious actors. Moreover, the recovered data can be verified efficiently without downloading the entire data block. With these two advantages, Walrus is expected to be a disaster recovery solution for millions of companies and enterprises, while providing a storage platform with competitive costs compared to current centralized services. Operation Model of Walrus

Walrus functions as a decentralized storage system, allowing developers and users to store and access data securely on the blockchain. Here is how this system operates:

Upload and encrypt data: Users or dApps upload data to the Walrus network. This data can be any content such as documents, images, videos, or files needed for decentralized (dapps). The data is then encrypted to ensure security, preventing unauthorized access.

Encrypt and store data: After encryption, the data is sent to the (publisher) and distributed across multiple storage nodes in the network, reducing the risk of loss or attack.

Store metadata and proof of availability: Metadata (name, size, authentication info,…) and proof of availability (proof of availability) of the uploaded data are stored on the Sui blockchain.

Access data: When data access is needed, the (aggregator) collects data from storage nodes in the network. The data is then distributed to users via a content delivery network (CDN) or cache to speed up retrieval and ensure a smooth experience. Applications of Walrus Protocol Walrus Protocol is applied in the following cases: Storing data for NFTs or dApps: Walrus can store data such as images, audio, videos, in-game assets,… and allow dApps or NFTs to access these data directly. (AI): Walrus can be used to store specialized datasets for training AI models while ensuring their availability and authenticity. Blockchain history storage: Walrus is used to store historical data of the Sui blockchain, including transaction content, snapshot history, code, or binary files,… Supporting availability for layer-2: Walrus allows layer-2 solutions to upload and store transaction data, keeping them ready for verification and execution. Additionally, this platform enables anyone to verify the validity of transactions, ensuring transparency, security, and scalability of layer-2. Decentralized web experience: Instead of hosting web content and interfaces on centralized servers, dApps can use Walrus to provide a complete and more secure Web3 experience for users. Data registration model: Creators can store encrypted data on Walrus and grant access only to registered or paid parties. Development Team Walrus Protocol is developed by Mysten Labs, the team behind the Sui blockchain, but there is no specific information about the individual developers of this project. Tokenomics Currently, Walrus Protocol has not announced specific tokenomics; Coin68 will update this information when available. Summary Through this overview of the Walrus Protocol project, Coin68 hopes readers will grasp the basic information about this project to form their own opinions. Wishing you success! $WAL {spot}(WALUSDT)