Walrus Protocol: A New Storage Solution for the Sui Network

Recently, Mysten Labs launched a new project – the Walrus protocol. This is another important initiative following the Sui network and the DeepBook protocol. Although there are many protocols in the decentralized storage market, Walrus has attracted widespread attention due to two major advantages: ( higher cost-effectiveness and security; ) ( data programmability. As one of the advanced decentralized storage protocols, the future application potential of Walrus is worth looking forward to.

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The Uniqueness of Walrus

Compared to existing storage solutions, Walrus has significant advantages in three aspects:

) 1. Storage Cost Efficiency

Walrus uses Red-Stuff encoding, achieving up to 100 times higher efficiency compared to Arweave and Filecoin. Walrus only requires 4-5 times data replication to minimize the probability of data loss, while maintaining low storage costs. Moreover, as the network scale increases, the burden on a single node in Walrus actually decreases, further enhancing cost-effectiveness.

2. Programmability

The biggest feature of Walrus is the programmability of data storage achieved through the Sui network. This allows smart contracts to directly reference or trigger stored data, providing new possibilities for applications such as NFTs. For example, image files of NFTs can be stored in Walrus, and corresponding data objects can be created on the Sui network, making NFTs a true Web3 asset.

3. Data Access and Deletion

Unlike traditional storage protocols, Walrus allows users to modify or delete data as needed. This feature greatly enhances its potential in enterprise applications, especially for institutions that need to handle sensitive data. It is worth noting that data deletion only applies to blob data and does not affect the integrity of blockchain transactions.

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The Synergistic Effects of Walrus and the Sui Network

Walrus has not diverted attention from Sui, but rather has improved applications on Sui as a storage stack. The two form an inseparable symbiotic relationship:

1. Walrus alleviates the storage pressure of the Sui network by storing large-scale blob data.
2. The Sui network provides Walrus with programmability and data control capabilities.
3. The use of Walrus has increased the demand for SUI tokens, contributing to SUI becoming a deflationary asset.

Future Outlook of Walrus

Walrus is not limited to the Sui ecosystem and may also become a storage solution or a DA layer alternative for other blockchains. This broad application prospect is expected to further enhance the demand and value of SUI.

Considering Walrus's efficient operating mechanism, unique features, and existing user base on the Sui network, it has the potential to become a leading storage protocol in the Web3 space. If it can develop as envisioned by Mysten Labs, Walrus may surpass existing storage solutions in the future and reshape the landscape of Web3 infrastructure.

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