{"id":173293,"date":"2024-10-17T13:16:25","date_gmt":"2024-10-17T13:16:25","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173293"},"modified":"2024-10-17T13:16:25","modified_gmt":"2024-10-17T13:16:25","slug":"decentralized-storage-protocol-walrus-launches-public-testnet","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/decentralized-storage-protocol-walrus-launches-public-testnet\/","title":{"rendered":"Decentralized Storage Protocol Walrus Launches Public Testnet"},"content":{"rendered":"<p><span><strong>Palo Alto, United States, October 17th, 2024, Chainwire<\/strong><\/span><\/p>\n<p><\/p>\n<p class=\"ql-align-center\">Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol<\/p>\n<p><\/p>\n<p class=\"ql-align-justify\">Mysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet.\u00a0<\/p>\n<p class=\"ql-align-justify\">Walrus Protocol stores and delivers large data files, including rich media content, audio files, video, images, PDFs and more, from any web2 or web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus\u2019s public Testnet, and its Testnet token, WAL, are served by Sui as the coordination layer. Sui provides a dedicated management architecture for Walrus to store its global state and metadata offering speedy consensus, composability, and the opportunity to integrate storage into smart contracts on Sui. Walrus\u2019s Testnet launch will include:\u00a0<\/p>\n<ul>\n<li>API endpoints that support deletable blobs, meaning data can be deleted.\u00a0<\/li>\n<li>Dedicated Walrus explorer, allowing users to search data quickly and comprehensively, built by Stakestab Inc, maker of Suiscan &amp; Blockberry API Platform.\u00a0<\/li>\n<li>Full tokenomics ecosystem for the Walrus token, WAL, including epoch management, staking and unstaking, and rewards, as well as the WAL token faucet for developers.<\/li>\n<li>WAL staking app, developed by Mysten Labs.<\/li>\n<\/ul>\n<p class=\"ql-align-justify\">\u201cAs blockchain projects aim to become more decentralized, it has been apparent for quite some time that a decentralized storage network was needed for networks of all kinds, L1s and L2s, to support end-user applications with rich media and larger storage needs,\u201d said George Danezis, Chief Scientist and Co-Founder at Mysten Labs. \u201cWalrus Testnet going live is a pivotal moment in that journey. With Akord and Decrypt beginning the migration over to Walrus, we\u2019ll begin to see that a decentralized storage network can be used to bring various applications to a mass audience.\u201d<\/p>\n<p class=\"ql-align-justify\">Coinciding with the launch of Walrus\u2019s public Testnet, Akord, a secure storage and collaboration platform, providing user-friendly, cost-effective, and decentralized storage solutions for any digital asset, announces its migration from Arweave to Walrus. Akord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt Media\u2019s recent announcement of its plans to integrate with Walrus, making the publication the first media outlet to commit to storing media articles and video content on Walrus.\u00a0\u00a0<\/p>\n<p class=\"ql-align-justify\">&#8220;At Akord, our mission is to create a platform that empowers individuals and businesses with meaningful data ownership \u2013 the ability to secure data publicly and tokenize it, or store it privately with end-to-end encryption, controlling the keys and access,&#8221; said Pascal Barry, CEO of Akord. &#8220;Migrating to Walrus allows us to offer our existing customers a more cost-effective, versatile and performant solution, as well as giving us the opportunity to realize our mission at a much larger scale.\u201d<\/p>\n<p class=\"ql-align-justify\">Powered by a system that divides large data files into smaller fragments, referred to as \u2018<a href=\"https:\/\/docs.walrus.site\/walrus.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Red Stuff<\/a>,\u2019\u00a0Walrus distributes slivers of data files across various storage nodes. This process ensures that even if some pieces go missing, the whole of the data can still be reconstructed. This approach reduces the need for data redundancy, allowing the network to grow seamlessly while ensuring fast and reliable access to data. Walrus introduces advanced storage verification through proofs and attestations, incentivizing nodes to store slivers of each file. Instead of verifying individual files, Walrus assesses the entire storage node, significantly lowering the cost of proving data storage.\u00a0\u00a0<\/p>\n<p class=\"ql-align-justify\">Walrus, whose original contributor is Mysten Labs, launched on Devnet in June 2024. Its <a href=\"https:\/\/docs.walrus.site\/walrus.pdf\" rel=\"nofollow noopener\" target=\"_blank\">whitepaper<\/a> was available as of September 2024, <a href=\"https:\/\/www.youtube.com\/watch?v=4_b8vfcSSa4\" rel=\"nofollow noopener\" target=\"_blank\">presented<\/a> by Janet Wu, Head of Product, Platform, at Mysten Labs, at Sui\u2019s Singapore Builder House Event. Walrus Mainnet is slated to launch in 2025.<\/p>\n<p class=\"ql-align-justify\"><strong>About Mysten Labs<\/strong><\/p>\n<p class=\"ql-align-justify\">Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta&#8217;s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: <a href=\"https:\/\/mystenlabs.com\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/mystenlabs.com<\/a>.\u00a0<\/p>\n<p class=\"ql-align-justify\"><strong>About Walrus<\/strong><\/p>\n<p class=\"ql-align-justify\">Walrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: <a href=\"https:\/\/www.walrus.xyz\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.walrus.xyz\/<\/a>.\u00a0<\/p>\n<p class=\"ql-align-justify\"><strong>About Akord\u00a0<\/strong><\/p>\n<p class=\"ql-align-justify\">The Akord platform is built on a digital vault protocol that offers file management, end-to-end encryption, file sharing, access control, minting and token gated access. The platform consists of an app, API, SDK and CLI with a strong focus on user and developer experience. Learn more: <a href=\"https:\/\/akord.com\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/akord.com\/<\/a>\u00a0<\/p>\n<p><\/p>\n<h5>Contact<\/h5>\n<p><span><strong>Lexi Wangler<\/strong><br \/><\/span><span><strong>Mysten Labs<\/strong><br \/><\/span><span><strong>lexi.wangler@mystenlabs.com<\/strong><br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palo Alto, United States, 17th October 2024, Chainwire<\/p>\n","protected":false},"author":35,"featured_media":173292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173293"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173293"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173293\/revisions"}],"predecessor-version":[{"id":173294,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173293\/revisions\/173294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173292"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}