Walrus is a decentralized storage protocol designed to manage large data files, also known as blobs. Unlike traditional cloud storage services like Google Drive or Amazon S3, which rely on centralized servers, Walrus operates on a network of independent storage nodes. This decentralized structure ensures that data remains available even if some nodes fail. Walrus uses an innovative encoding method called Red Stuff, based on fast XOR operations, to store data efficiently, making it a cost-effective solution for decentralized applications.

The protocol integrates with the Sui blockchain, which handles coordination and ensures the availability of stored data. The blockchain also manages the economic incentives of the system, ensuring that storage nodes are rewarded for maintaining the integrity and availability of the data. This integration adds a layer of transparency and trustlessness, essential for decentralized systems.

Walrus is built to scale with growing data demands. It operates in epochs, with a committee of nodes responsible for storing and retrieving data during each epoch. These nodes are selected based on their stake in WAL tokens, the native cryptocurrency of the protocol. This setup helps Walrus maintain high availability and decentralization as the network expands.

How Walrus Works

1. Delegated Proof-of-Stake (dPoS)

Walrus uses a dPoS system where users stake WAL tokens to participate in the network. Nodes with the highest stakes are selected to store and serve data during each epoch.

2. Data Distribution

When a user uploads a file (blob), it is split into smaller pieces called slivers. These slivers are then distributed across multiple storage nodes to ensure redundancy and availability.

3. Red Stuff Encoding

Walrus uses the Red Stuff encoding protocol, which splits data into two dimensions and allows it to be efficiently stored. This method reduces the computational cost of traditional encoding methods and improves recovery times in case of node failure.

4. Proof-of-Availability

To ensure data is still available, Walrus randomly challenges storage nodes to prove they hold the required slivers. If a node fails, it is penalized and replaced by another, maintaining data accessibility.

5. Scalability

Walrus operates in epochs, with each epoch having a new committee of storage nodes. This system helps manage the growing number of nodes and ensures the network can handle increased storage demands over time.

What Is WAL Token?

The WAL token is the native cryptocurrency of the Walrus network. With a total supply of 5 billion tokens, it serves several important functions within the protocol:

Staking: Users must stake WAL tokens to participate in the network, either to secure data or vote on protocol changes.
Payments: WAL tokens are used to pay for storage and data retrieval services on the network.
Incentives and Governance: Nodes are rewarded in WAL tokens for maintaining data availability and integrity. The token is also used for governance, allowing participants to vote on key decisions, such as protocol upgrades.

Should You Invest in Walrus?

Investing in Walrus could be a good opportunity if you're interested in decentralized storage and blockchain-based solutions. However, it’s important to note that Walrus is still a relatively new project, and as with any emerging technology, there are risks involved. Make sure to do thorough research and consider the market conditions before making any investment.

Conclusion

Walrus offers a decentralized and efficient solution for storing large data files. By using advanced encoding methods and leveraging the Sui blockchain for coordination, it ensures high data availability and integrity. The WAL token plays a key role in the network’s operation, serving as both a means of payment and a tool for governance. As decentralized storage continues to grow in importance, Walrus might become a significant player in this space.

WAL supply and tokenomics

Circulating supply:1,282,708,400 WAL

Total supply:5,000,000,000 WAL

Max supply:5,000,000,000 WAL

Market cap:$655.98M

Fully diluted market cap:$2.56B

Links

Website:https://www.walrus.xyz

Whitepaper:https://docs.walrus.site/walrus.pdf

X:https://twitter.com/walrusprotocol

GitHub:https://github.com/MystenLabs/walrus-docs

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What is the development prospect and future value of WAL?

The market value of WAL currently stands at $655.98M, and its market ranking is #204. The value of WAL is not widely recognized by the market. When the bull market comes, the market value of WAL may have great growth potential.

As a new type of currency with innovative technology and unique use cases, WAL has broad market potential and significant room for development. The distinctiveness and appeal of WAL may attract the interest of specific groups, thereby driving up its market value.

What will the price of WAL be in 2026?

Based on WAL's historical price performance prediction model, the price of WAL is projected to reach $0.00 in 2026.

What will the price of WAL be in 2031?

In 2031, the WAL price is expected to change by +6.00%. By the end of 2031, the WAL price is projected to reach $0.00, with a cumulative ROI of -100.00%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of WAL and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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Is WAL worth investing or holding? How to buy WAL from a crypto exchange?

If you want to buy WAL, the following information may be helpful for your investment decisions:

In the last seven days, the price of WAL has risen by 7.73%, leading to positive returns for most WAL investors. The market is currently optimistic about the price trend of WAL.

It is important to note that the current price of WAL has retreated by -41.50% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether WAL is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in WAL or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of WAL, if you want to buy or sell WAL, you can consider Bitget for your trading needs. The best place to buy WAL is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Walrus has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Walrus. Here's a step-by-step guide on how to buy Walrus on Bitget.

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How to get Walrus through other methods？

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What is Walrus used for and how to use Walrus?

The use case of Walrus may expand as the crypto market and the project itself develop. Currently, you can use WAL to achieve the following goals:

Arbitrage by trading WAL: Since WAL is a frequently traded cryptocurrency, the price of WAL is always fluctuating. Earn more WAL by buying low and selling high on the exchange. Bitget spot market provides a variety of WAL trading pairs to fully meet your needs.

Earn by staking WAL: You can also generate income through financial management methods such as staking WAL or lending WAL. Bitget Earn offers a variety of financial products designed to help you earn more income from your WAL.

Send or pay WAL: If you want to give WAL to your friends, a charity, or a fundraiser, or you want to pay someone with WAL, you can quickly and easily send WAL to the recipient through their payment address.

You can also go to the official website of the Walrus project to learn more about the use cases of WAL. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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