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 (SUI) blockchain, introduces several key features, including the ability to delete stored files, a staking system and an explorer tool that allows users to search and manage data, according to a press release.
Decentralized storage distributes files across multiple independent storage nodes instead of relying on a single company to store data (as with traditional cloud services), providing better security and resiliency.
Walrus Protocol uses a method that splits large files into smaller pieces and distributes them across different locations. Even if pieces are lost, the entire file can still be rebuilt, ensuring users maintain continuous access to their data.
You might also like: Polymarket users jockey more than $50 million in ‘Trump Coin’ bets
Walrus on Sui
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 into 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, join Walrus. Akord is moving its secure storage platform from Arweave to Walrus and Decrypt Media is integrating to store its media files on the network, the release said.
You might also like: Crypto expert who made $500 million on Kaspa is bullish on this sub-$0.001 crypto gem
