Walrus Protocol: Pioneering a New Era of Decentralization Storage

Mysten Labs is developing the Walrus protocol following the Sui network and DeepBook protocol. Although there are many existing solutions in the field of Decentralization storage, Walrus has attracted widespread attention due to its unique advantages: first, it surpasses existing solutions in cost-effectiveness and security, and second, it provides programmability for stored data through the Sui network. As one of the advanced projects in the field of Decentralization storage, the future application prospects and value potential of Walrus are worth looking forward to.

The Innovations of Walrus

storage cost efficiency has significantly improved

Walrus adopts Red-Stuff encoding technology, significantly reducing storage costs, with efficiency reaching 100 times that of Arweave and Filecoin. Compared to the high replication costs caused by Arweave's global storage, Walrus only requires 4-5 times the replication to significantly reduce the risk of data loss. At the same time, Walrus avoids potential data security risks associated with low-cost options from Filecoin.

In addition, as the network scale expands, each node of Walrus only needs to store a portion of the data, effectively reducing the burden on each node. This structure allows Walrus to far surpass Arweave and Filecoin in storage efficiency.

enables programmable data storage

The most notable feature of Walrus is the programmability of data storage achieved through the Sui network, giving data more functionality. For example, NFT images can be stored in Walrus, and their blob data objects can be created on the Sui network and associated with NFT objects, solving the traditional NFT "incomplete" problem.

Smart contracts can also control the data stored in Walrus, enabling the transfer or automatic change of data ownership. In contrast, Arweave and Filecoin have limited capabilities in dynamically integrating with on-chain applications.

Flexible Data Management

Unlike existing storage protocols, Walrus allows users to modify or delete data when needed. This feature makes Walrus more suitable for institutions and enterprises that need to handle sensitive data, greatly enhancing its application potential in traditional enterprises and Web2 businesses.

It is worth noting that the blob data deleted in Walrus does not affect the integrity and immutability of the blockchain transaction data.

The Synergy between Walrus and the Sui Network

Walrus does not decentralize the focus on Sui, but rather enhances the application ecosystem on Sui as a storage stack. The two form an inseparable symbiotic relationship:

1. Walrus solves the burden of storing large files on the Sui chain by storing massive blob data and managing objects on Sui.

2. Sui's unique storage fund mechanism provides economic incentives and sustainability assurance for Walrus.

3. The use of Walrus has increased the demand and locked amount of SUI tokens, helping SUI become a deflationary asset.

Future Outlook of Walrus

Walrus not only serves the Sui ecosystem, but may also become a storage solution for other blockchains or an alternative to existing DA layers. This broad application potential will further enhance the value of the SUI token.

Given Walrus's advantages in efficiency, functionality, and ecological foundation, it is expected to become a leading protocol in the storage field, potentially surpassing Filecoin. The development of Walrus reflects Mysten Labs' grand vision of building a comprehensive Web3 Decentralization infrastructure, which is expected to reshape the Web3 paradigm.