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

Mysten Labs has launched the public testnet for the Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images.

According to a press release, the testnet built on the Sui (SUI) blockchain offers several key features, including the ability to delete stored files, a staking system, and an explorer tool for users to search and manage data.

Decentralized storage provides better security and durability by distributing files across multiple independent storage nodes rather than relying on a single company to store data (as with traditional cloud services).

Walrus Protocol uses a method of splitting large files into smaller pieces and distributing them to different locations. Even if some parts are lost, the entire file can be reassembled, providing users with continued access to the data.

walrus in 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 locking 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 key partners, Akord and Decrypt Media, are joining Walrus. According to the statement, Akord is moving its secure storage platform from Arweave to Walrus, and Decrypt Media is integrating to store media files on the network.