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Decentralized storage has recently gained significant attention with a project called Walrus. It is not just a storage layer but more like a data infrastructure paving the way for the entire Web3 ecosystem, tightly integrated with the Sui blockchain.
Speaking of Walrus's core advantages, the key lies in its programmable data storage architecture. User-uploaded data blobs on the Sui chain directly generate manageable objects, which execute various logical operations through smart contracts. What does this mean for developers? It allows them to flexibly design innovative application-layer features. Technically, Walrus adopts the RedStuff erasure coding scheme to distribute data, providing strong fault tolerance and data integrity. Coupled with deep integration with Sui’s smart contracts, it offers diverse data access options for applications.
Looking at the WAL token design, its functions go beyond just paying for storage fees; it also serves as an incentive mechanism. Nodes participate in storage and data validation by staking WAL tokens, with the staked amount directly affecting their authority distribution and earnings. This design provides clear economic incentives for participants in the storage network.
The governance aspect is also interesting. WAL holders can participate in protocol decisions, adjusting key parameters such as storage pricing and node incentive strategies. This shift from mere holders to active participants gives the token real governance value.