What Is Walrus (WAL) and Why It Matters
Walrus (WAL) is the native cryptocurrency powering the Walrus protocol, a decentralized finance platform focused on secure, private, and censorship-resistant blockchain interactions. Built on the Sui blockchain, Walrus is designed to support private transactions while enabling users to interact with decentralized applications, governance systems, and staking mechanisms.
At its core, Walrus goes beyond traditional DeFi by combining financial utility with decentralized data storage. The protocol leverages advanced infrastructure such as erasure coding and blob storage to distribute large files across a decentralized network. This ensures resilience, security, and cost efficiency while reducing reliance on centralized cloud providers.
By integrating privacy-preserving technology with scalable storage and transaction capabilities, Walrus aims to empower individuals, developers, and enterprises seeking decentralized alternatives. WAL plays a central role in securing the network, incentivizing participation, and enabling governance decisions within the ecosystem.
As decentralized infrastructure becomes increasingly important, Walrus positions itself as a critical building block for private, scalable, and decentralized applications.
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