🌎 Mysten Labs Launches Walrus Protocol Testnet for Decentralized Storage

Mysten Labs has introduced the public testnet for Walrus Protocol, a decentralized storage network engineered to store large data files, including videos, audio, and images.

Key Features of Walrus Protocol

The testnet, built on the Sui blockchain, offers several notable features:

The ability to delete stored files
A staking system
An explorer tool for users to search and manage data

Decentralized Storage Benefits

Unlike traditional cloud services that rely on a single company to store data, decentralized storage distributes files across multiple independent storage nodes. This approach enhances security and resilience.

Walrus Protocol employs a method that fragments large files into smaller pieces, distributing them across various locations. Even if some pieces are lost, the entire file can be reassembled, ensuring continuous access to data.

“Decentralized storage offers better security and resilience by distributing files across multiple nodes.”

Walrus on Sui Blockchain

The Walrus testnet is powered by the Sui blockchain, facilitating efficient management of the storage system. It also supports a testnet token called WAL, allowing users to stake tokens and earn rewards for contributing to the network.

The primary objective of the protocol is to make decentralized storage fast and reliable for applications that require storing rich media.