Walrus (WAL) : A Down-to-Earth Approach to Data Storage in a
Walrus (WAL) is all about making decentralized applications a little bit more, shall we say, truly decentralized. That is, one of the toughest problems in the blockchain space is that many times, even though you might have your transactions on the blockchain, a lot of the data might actually wind up on a centralized server somewhere. That’s exactly what Walrus is trying to solve by allowing applications to store their files on a truly decentralized basis. Walrus is an application that utilizes the Sui blockchain and shreds files so they can be restored even if some parts are unavailable because they have gone offline. The purpose of WL is to ensure everything runs smoothly by allowing individuals to participate and contribute their two cents on how things are done and to ensure that the storage is indeed truly decentralized by utilizing the WL token.
