Walrus (WAL) is the native cryptocurrency of Walrus Protocol, a decentralized finance (DeFi) protocol focused on secure, private, and censorship-resistant blockchain interactions. The protocol enables private transactions and provides users with tools to interact with decentralized applications (dApps), participate in governance, and engage in staking.
Built on the Sui blockchain, Walrus is designed to support decentralized and privacy-preserving data storage. It uses a combination of erasure coding and blob storage to distribute large files across a decentralized network of nodes. This approach ensures high data availability, strong fault tolerance, and cost efficiency, even if parts of the network go offline.
Walrus offers a decentralized alternative to traditional cloud storage, making it suitable for applications, enterprises, and individuals who value privacy, resilience, and decentralization. By reducing reliance on centralized infrastructure, Walrus helps strengthen the foundations of Web3.
The $WAL token powers the ecosystem through network incentives and governance participation, aligning users and infrastructure providers for long-term sustainability.
Follow @Walrus 🦭/acc , keep tracking $WAL , and explore how #walrus is shaping the future of decentralized, privacy-focused data storage.
