Mysten Labs Launches Walrus Protocol, Bringing New Possibilities for Web3 Storage

Mysten Labs recently announced the launch of the Walrus protocol, which is another important project following the Sui network and the DeepBook protocol. Although there are many solutions in the decentralized storage market, Walrus has attracted widespread attention due to its unique advantages:

1. Higher cost-effectiveness and security: Walrus uses advanced coding technology, achieving storage efficiency up to 100 times that of existing solutions, while significantly reducing the risk of data loss.

2. Powerful programmability: Walrus allows for programmable operations on stored data through the Sui network, greatly enhancing the functionality and flexibility of stored data.

As one of the most advanced decentralized storage protocols, Walrus is highly anticipated for its future application prospects and value potential.

The Uniqueness of Walrus

Compared to existing storage solutions, Walrus shows clear advantages in the following aspects:

storage cost efficiency

Walrus uses Red-Stuff encoding, which is more cost-effective than other solutions. Compared to solutions that require the entire network to store all data, Walrus only needs 4-5 times data replication to achieve equivalent security, significantly reducing storage costs.

In addition, Walrus has stronger network scalability. As the number of nodes increases, the burden on each node is actually reduced, further improving storage efficiency.

programmability

The most notable feature of Walrus is its "programmability". By integrating with the Sui network, Walrus achieves programmable decentralized storage, enabling stored data to have more functionalities.

For example, when minting an NFT, the image file can be stored in Walrus, and a corresponding data object can be created on the Sui network, thereby solving the traditional NFT "incompleteness" problem. In addition, smart contracts can directly control the data stored in Walrus, enabling the transfer of data or automatic changes of ownership.

data access and deletion

Unlike some existing protocols, Walrus allows users to modify or delete their data when needed. This feature makes Walrus more appealing in enterprise applications, especially for institutions that need to handle sensitive data.

It is worth noting that data deletion only involves blob data and does not affect the integrity of the blockchain and the immutability of transaction records.

The Synergistic Effect of Walrus and the Sui Network

Walrus is not an independent project separate from Sui, but an indispensable part of the Sui ecosystem. It forms a close symbiotic relationship with Sui:

1. Improve Sui's storage solution: Walrus provides Sui with an efficient large-scale data storage solution while maintaining the programmability of the data.

2. Promote SUI deflation: Using Walrus to store data requires locking a certain amount of SUI, which helps reduce the circulation of SUI, potentially increasing its value.

3. Expand the Sui ecosystem: Walrus not only serves the Sui ecosystem but may also become a storage solution for other blockchains, further expanding the demand and application scenarios for SUI.

Future Prospects of Walrus

Walrus demonstrates the potential to become a representative storage protocol in the Web3 field. Its efficient operating mechanism, unique features, and close integration with the Sui network enable it to stand out in the highly competitive storage market.

If Walrus can develop as envisioned by Mysten Labs, it will not only become a core component of the Sui network but also has the potential to reshape the entire Web3 storage sector, providing a more powerful and flexible data storage infrastructure for decentralized applications.

With the further development and application of Walrus, we look forward to seeing the innovations and changes it brings to the Web3 ecosystem.