Walrus protocol: A key component of the Sui ecosystem

Overview

Mysten Labs is preparing to launch a new project, the Walrus protocol, following the Sui network and the DeepBook protocol. Walrus stands out in the decentralized storage market mainly due to two aspects: first, its cost-effectiveness and security are superior to existing solutions; second, it achieves data programmability through the Sui network. As one of the advanced decentralized storage protocols, the future practicality and value of Walrus are worth paying attention to.

The unique advantages of Walrus

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

1. Storage Cost Efficiency: Walrus uses Red-Stuff encoding, achieving storage efficiency up to 100 times that of Arweave and Filecoin, while significantly reducing the probability of data loss.

2. Programmability: Through the Sui network, Walrus has achieved the programmability of stored data, granting more functionality to the data. For example, NFT images can be stored in Walrus and associated with NFT objects on Sui, making them true Web3 assets.

3. Data Access and Deletion: Walrus allows users to modify or delete data when needed, enhancing practicality, especially suitable for institutions and enterprises that need to handle sensitive data.

The synergistic effect of Walrus and the Sui network

Walrus is not a decentralized resource of Sui, but rather complements the applications on Sui as a storage stack. A symbiotic relationship is formed between the two:

• Walrus addresses the burden of storing large amounts of data on the Sui chain by storing massive blob data.
• The storage fund mechanism of Sui provides economic incentives and sustainability support for Walrus.
• The use of Walrus has increased the demand for SUI tokens, helping SUI to become a deflationary asset.

The potential and impact of Walrus

1. Walrus not only serves the Sui ecosystem but can also be used by any third party, and is expected to become a strong alternative to existing storage protocols.

2. By creating external demand, Walrus has the potential to make SUI a more attractive asset.

3. With its efficient operation mechanism, unique features, and the user base of the Sui network, Walrus is expected to become a representative storage protocol in the Web3 field.

In summary, Walrus, as an important component of Mysten Labs' vision for building a complete Web3 decentralized infrastructure, not only complements the Sui network but also has the potential to reshape the entire Web3 storage paradigm.