Kaspa

bullish

Walrus

Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images.
The testnet, built on the Sui (<a href="https://crypto.news/price/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI</a>) blockchain, introduces several key features, including the ability to delete stored files, a staking system, and an explorer tool for users to search and <a href="https://crypto.news/hyve-launches-data-availability-protocol-promises-high-throughput/" target="_blank" rel="noopener noreferrer nofollow">manage data,</a> according to a press release.
Decentralized storage distributes files across multiple independent storage nodes rather than relying on a single company to store data (as with traditional cloud services), providing better security and resilience.
Walrus Protocol uses a method that breaks large files into smaller pieces, distributing them across different locations. Even if some pieces are lost, the entire file can still be reassembled, ensuring users maintain continuous access to their data.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/polymarket-users-jockey-over-50m-trump-coin-bet/"> Polymarket users jockey over $50m ‘Trump coin’ bet </a>
<h2 class="wp-block-heading" id="walrus-on-sui">Walrus on Sui&nbsp;&nbsp;</h2>
The Walrus testnet is powered by Sui, a blockchain that helps manage the storage system efficiently. It also supports a testnet token called WAL, which allows users to stake tokens (temporarily lock them in the system) and earn rewards for helping run the network.
The protocol aims to make decentralized storage fast and reliable for applications that store rich media.
Two notable partners, Akord and Decrypt Media, are joining Walrus. Akord is moving its secure storage platform to Walrus from Arweave, and Decrypt Media is integrating to store its media files on the network, according to the release.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/crypto-expert-who-earned-500m-on-kaspa-is-bullish-on-this-crypto-gem-under-0-001/"> Crypto expert who earned $500M on Kaspa is bullish on this crypto gem under $0.001 </a>

Sui’s Mysten Labs launches Walrus Protocol public testnet for decentralized storage

Table of Contents

crypto.news

Other articles published on Oct 17, 2024

UN Endorses Ripple and Stellar as Cornerstones of New Global Payments Network

FBI arrests hacker behind SEC fake Bitcoin ETF approval

BEP20 FIRO Liquidity Injection

Bitcoin as the Digital Equivalent of Real Estate for Gen Z

Bitcoin Price Soars to 10-Week High, Time to Cash Out or Start of a Bull Run? Let’s Find Out

“WazirX Hack serves as a wakeup call for exchanges”: CIFDAQ COO Jay Hao

Join our free newsletter for daily crypto updates!