A Basic Understanding of What WAL Is?
Walrus (WAL), is the native cryptocurrency of the Walrus Protocol; the Walrus Protocol provides users with a way to securely store data, make private transactions, and provide Web3 based infrastructure.
Think about the Walrus (WAL) as a decentralized version of a cloud storage system:
Doesn't have a centralized server
Can't be shut down or disabled by a single entity
Is made up of multiple nodes that store portions of your data
Using technologies such as erasure coding the Walrus (WAL) can ensure that your data will always be available regardless of how many nodes are out of commission.
The Walrus (WAL) supports:
Decentralized web application development
Participation in governance through voting
Rewards for staking
Private transactional blockchain usage
Developed on top of the Sui Blockchain, the goal of the Walrus (WAL) is to create an inexpensive, censorship resistant decentralized cloud storage solution for individuals, developers, and enterprise clients.
Some of the most important and impactful projects may not be the most vocal.
