@Walrus 🦭/acc : Will it change the world of big data storage?
It seems easy to rely on cloud storage until your account is blocked or the service is shut down. Walrus is a decentralized system that takes data out of the hands of a single company and entrusts it to a secure protocol.
1. What is Walrus?
Walrus is a “decentralized blob storage” network designed to handle large files such as videos, photos, and archives.
* Methodology: It divides your data into chunks and spreads them across different independent nodes.
* Control: It uses the Sui blockchain as a controller, which means all records are stored on-chain instead of in a private database.
2. Low cost and better technology
Older decentralized systems used to make multiple copies of data, which was an expensive process. Walrus uses Erasure Coding.
* With the help of this technology, even if parts of the network are down, the data can still be fully recovered.
* This approach makes cloud storage cheaper and more sustainable.
3. Programmable Data Reels
Wallets are not just a place to store data, but a foundation for modern apps.
* Uses: It is ideal for AI agents, gaming assets, and NFT media where data is abundant and space on the blockchain is limited.
* It stores data cheaply and connects it to the blockchain when needed.
4. Market and Token ($WAL)
The WAL token is an important indicator for traders. A market cap of around $200 million and good trading volume show that there is interest in the project, which is essential for the success of any infrastructure.
5. The real challenge: Retention
More important than the technology is whether developers will leave AWS or Cloudflare and come here?
* Trust: The storage system should be reliable enough that developers don’t have to check it repeatedly.
* Sustainability: The real test will be whether apps will continue to use the network after the incentives are gone.
Key Takeaways
* Risk Reduction: Eliminates reliance on a single company, protecting data from censorship.
* Improved Economics: Significantly reduces storage costs due to Erasure coding.
* Use of Sui Network: Leverages the Sui blockchain for transparency and security.
* Real Success: Walrus’ success will not be measured by the token’s chart, but by how many apps quietly make it their backend.
