Walrus (WAL) is designed for Web3 builders who care about the use of data
Storage remains one of the most difficult issues to address for developers working in Web3. Walrus directly tackles the issue of storage.
The Walrus Protocol provides a decentralized, scalable storage solution utilizing erasure coding, as well as distributed blob storage, which has been optimized for storing large amounts of data. The Walrus Protocol runs on the Sui blockchain, providing the performance required to support true world wide applications.
Some of the uses for the Walrus Protocol are:
* dApps that require decentralized file hosting
* On-chain data availability layers
* Privacy-preserving applications
* Enterprise-grade decentralized storage
Some of the ways that WAL is utilized include:
* Network incentives
* Governance decisions
* Staking and protocol security
Walrus gives builders an alternative to relying on centralized cloud APIs, allowing them to choose a native Web3 alternative that is aligned with the tenets of decentralization from the start.
Protocols like this are typically something that developers will be aware of before they are recognized by traders.
