Walrus protocol: An important complement to the Sui network

The Walrus protocol, as a newly launched project by Mysten Labs, has attracted widespread attention. Although there are many protocols in the decentralized storage market, Walrus stands out due to its unique advantages: on one hand, it surpasses existing storage solutions in cost-effectiveness and security; on the other hand, it enables the possibility of programming stored data through the Sui network. As one of the advanced projects in the decentralized storage field, the future practicality and value of Walrus are worth looking forward to.

The Uniqueness of Walrus

Compared to existing storage solutions, Walrus demonstrates clear advantages in three areas:

storage cost efficiency

Walrus uses Red-Stuff encoding, demonstrating a cost efficiency that is 100 times higher than that of Arweave and Filecoin. It combines the advantages of Arweave and Filecoin by maintaining low replication costs while minimizing the probability of data loss. Furthermore, the network structure of Walrus allows for a decrease in the burden on each node as the number of nodes increases, further enhancing storage efficiency.

programmability

The most notable feature of Walrus is its "programmability". Through the Sui network, Walrus achieves the programmability of stored data, giving data more functionality. For example, image files of NFTs can be stored in Walrus and corresponding blob data objects can be created on the Sui network, making NFTs true Web3 assets. Smart contracts can also directly control the data stored in Walrus, enabling automated ownership changes and other operations.

data access and deletion

Unlike other storage protocols, Walrus allows users to modify or delete data when needed. This feature significantly increases Walrus's potential in enterprise applications, especially for organizations that need to store sensitive data or require regular data updates. It is worth noting that deleting blob data does not affect the integrity of the blockchain transaction records.

The Synergistic Effect of Walrus and the Sui Network

Walrus has not diverted attention from Sui, but rather has enhanced the application ecosystem on Sui as a storage stack. A symbiotic relationship has formed between Walrus and Sui:

• Walrus alleviates the storage burden of the Sui network by storing large-scale blob data.
• The Sui network provides unique programmability features for Walrus.
• The use of Walrus has increased the demand for SUI tokens, contributing to SUI becoming a deflationary asset.

The Future Prospects of Walrus

Walrus not only serves the Sui ecosystem but may also become a storage solution or DA layer alternative for other blockchains. This wide applicability will further enhance the value of the SUI token.

Considering Walrus's efficient operation mechanism, unique features, and the existing user base of the Sui network, it has the potential to become a leading storage protocol in the Web3 space, potentially surpassing existing solutions like Filecoin.

Overall, the launch of the Walrus protocol marks that Mysten Labs is not only building a blockchain but is committed to creating a complete Web3 decentralized infrastructure. As a key component of this vision, the future development of Walrus is worth looking forward to.