Sui Launches “Walrus”: A Decentralized Storage Solution with Unique Features and Airdrop Potential
Sui, developed by the independent PoS chain Sui Labs, has introduced a new governance token called WAL along with a potential airdrop opportunity through their latest decentralized storage solution, “Walrus.” This article is based on a piece by Alex Liu, curated, translated, and written by Foresight News.
The Birth of Walrus: A Game-Changer in Decentralized Storage
Arweave’s introduction of the computational layer AO has led to a resurgence in AR token prices, ecosystem vitality, and popularity. Sui, as a general-purpose computation chain, has unleashed its decentralized storage network, Walrus. But what ripples will this innovation create in the crypto space?
The Genesis of Walrus
Behind Solana Labs, Aptos Labs, we have Mysten Labs, the brains behind Sui. Most of the founding members of Mysten Labs hail from the disbanded blockchain project Diem under Facebook (now Meta). Positioned as a protocol and platform, Walrus represents the latest product in decentralized storage networks. The name “Walrus” signifies strength and adaptability, echoing the reliability and usability of the storage system it represents.
Innovations in Decentralized Storage Protocols
Decentralized storage protocols typically fall into two categories. The first involves fully replicated systems like Filecoin and Arweave, ensuring high file availability on storage nodes. These systems operate in a permissionless environment, necessitating over 25 copies to achieve high security, leading to increased storage costs and susceptibility to attacks.
The second category utilizes Reed-Solomon (RS) encoding, which breaks files into smaller slices for efficient decoding. However, RS encoding faces challenges with computational costs and data recovery when nodes go offline, limiting scalability and decentralization.
RedStuff: Revolutionizing Decentralized Storage
Walrus introduces RedStuff, a novel 2D encoding algorithm designed for Byzantine Fault Tolerance. RedStuff leverages fountain codes, combining speed and reliability through simple XOR operations to distribute data slices across storage nodes. With a recovery threshold enabling asynchronous writes and lower replication factors, RedStuff offers faster encoding/decoding, lower storage costs, scalability to hundreds of nodes, and enhanced fault tolerance.
By adopting cutting-edge RedStuff technology, Walrus ensures scalable, resilient, and cost-effective decentralized storage solutions with high availability, integrity, and auditability. Utilizing Sui as its foundation, Walrus introduces the WAL token for staking and governance, revolutionizing the storage landscape.
Securing Your Airdrop: The Path to WAL
As Walrus gears up for its testnet launch and mainnet deployment, holders of SUI may stand a chance to receive WAL tokens. Stay tuned for updates on how to deploy your own Walrus-based solutions and seize the airdrop opportunity.
