The Sui team launches the new protocol Walrus, attracting follow.

After Sui Network and DeepBook protocol, Mysten Labs is about to launch a new project, Walrus protocol. Although there are many protocols in the decentralized storage market, Walrus has attracted widespread attention due to its cost-effectiveness, security, and programmability. As one of the advanced decentralized storage protocols, the future development of Walrus is worth looking forward to.

The Uniqueness of Walrus

Compared to existing decentralized distributed storage solutions, Walrus has significant advantages in the following three aspects:

storage cost efficiency

Walrus uses Red-Stuff encoding, which is more cost-effective than the storage solutions of Arweave and certain trading platforms, with efficiency up to 100 times. Walrus combines the advantages of other solutions through low replication costs and a low probability of data loss. As the network grows, the storage cost advantages of Walrus become even more pronounced.

programmability

Walrus achieves programmable decentralized storage through the Sui network, giving stored data more functionalities. For example, NFT images can be stored in Walrus and objects can be created on the Sui network, addressing the traditional NFT "incomplete" issue. Smart contracts can also control the data stored in Walrus, enabling operations like ownership transfer.

Data Access and Deletion

Unlike other storage protocols, Walrus allows users to modify or delete data when needed. This feature greatly enhances the application potential of Walrus in traditional enterprises and Web2 companies. It is important to note that deleting blob data does not affect the integrity of blockchain transaction data.

The Synergy Between Walrus and the Sui Network

Walrus does not detract from the attention on Sui, but rather improves the applications on Sui as a storage stack. A symbiotic relationship has formed between the two:

1. Sui's storage fund addresses the storage challenges caused by blockchain growth.
2. Walrus provides a large-scale blob data storage solution for Sui.
3. Walrus achieves programmability and controllability of data through Sui.

In addition, the use of Walrus will lead to more SUI being locked in the storage fund, creating a virtuous cycle that makes SUI a deflationary asset.

The Importance and Potential of Walrus

Walrus is not only a part of the Sui ecosystem but may also become a key component of Web3 decentralized infrastructure. It can be used by any third party and may even replace existing storage protocols or DA layer solutions. Walrus has the potential to make SUI a more attractive asset by creating external demand.

Considering Walrus's efficient operating mechanism, unique features, and the solid foundation obtained through the Sui network, it is expected to become a leading protocol in the storage field, potentially even surpassing some existing storage solutions.