AMA on X

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Walrus protocol: The key storage infrastructure of the Sui ecosystem Summary of Key Points - After Mysten Labs launched the Sui network and DeepBook protocol, it is preparing to launch a new project, the Walrus protocol. - The two main reasons why Walrus has attracted widespread attention: 1. Higher cost-effectiveness and security 2. Programmability of stored data - As one of the advanced decentralized storage protocols, the future practicality and value of Walrus deserve attention. Walrus protocol background After successfully launching the Sui network and DeepBook protocol, Mysten Labs is venturing into a new domain - the Walrus protocol. The successes of the Sui network and DeepBook have built up anticipation for the Walrus project. However, there are also some concerns: - There is already in the market

The decentralized storage network Walrus was launched by a well-known blockchain company, built on Sui, and employs a new type of erasure coding technology to enhance data storage and recovery efficiency. Walrus has introduced the governance token WAL and plans to launch a testnet, which may attract SUI holders for an airdrop.

The Sui ecosystem Token SUI has recently risen in price by over 75%, influenced by factors such as market speculation, capital inflow, and improvements in the ecosystem. The inflow of funds into exchanges is significant, and multiple Tokens have also risen significantly. However, risks such as Token unlocking and the lack of core applications still need to be followed.

Sui launched the Decentralization storage network Walrus, introducing innovative encoding Algorithm. The decentralized storage sector is welcoming new competitors. With Arweave launching its computing layer AO and achieving success, Sui has also launched its own decentralized storage network Walrus as a general-purpose computing chain, bringing new solutions to this field. Walrus is the latest product launched by Mysten Labs, classified as "protocol, platform". The project is built on Sui, utilizing Sui to coordinate the sale of storage space and metadata. Notably, using Walrus does not require building applications or products on Sui, and Walrus will launch a standalone governance token, WAL. In the field of Decentralization storage, existing solutions are mainly divided into two categories: complete replication systems and those that use