Walrus December Updates
Walrus provides a democratic data storage solution, which means you can truly own your data.
Walrus is one of the projects from the Sui ecosystem we’ve been monitoring, and we’ve been watching them for the right reasons.
Walrus operates in the decentralized storage sector of crypto, which, as we said in a previous article, is currently dominated by Arweave, Filecoin, and Siacoin.
But Walrus has a unique angle to storing data in a decentralized manner. Backed by Mysten Labs, the team behind Sui, Walrus seeks to offer decentralized storage securely and reliably, and they also ensure you don’t have to break the bank for that.
#Walrus isn’t just storage – it’s creating a whole new trust layer for data where provenance and decentralization matter most. pic.twitter.com/nMPvw8gKha
— Adeniyi.sui (@EmanAbio) October 17, 2024
Despite being the new kid on the block, Walrus has already made notable progress and is growing their community so fast in such a short time. On X alone, Walrus has over 24k followers, which is massive for a new project. The numbers also reflect the enormous support of the Sui ecosystem.
We’ve previously explored Walrus’ technical details in depth (check out the article here ). For now, let’s dive into their latest achievements.
Walrus Partners Creditcoin, Spacecoin, and Sui
Walrus, Creditcoin, Spacecoin, and Sui recently announced a joint partnership that combines their strengths to improve internet connectivity and access to financial services.
Source: XThe partnership will leverage decentralized satellite infrastructure to cater to individuals in regions with poor access to financial services or anything else requiring internet connections.
- Sui’s robust smart contracts platform will help enable scalable computing.
- Creditcoin’s blockchain will serve as the financial backbone of the project.
- Spacecoin will provide satellite-powered data access to underserved regions.
- Walrus will ensure efficient decentralized storage for better data management.
This partnership showcases blockchain’s potential to address real-world problems, particularly the estimated 37% of the world’s population lacking good financial services and strong internet connection.
Decentralized Data Stack
In a related update, Walrus’ new Walrus sites is providing the decentralized data stack for internet archives. Its partnership with SnowReads means all of SnowReads scientific papers can be saved forever. And out of the hands of any single person or entity. That’s the freedom and protection of the truth that Walrus Sites provides here. Equally important are the protections from censorship and misinformation, but also protection from data loss or degradation over time.
Curious how Walrus + Walrus Sites form the decentralized stack for internet archives?
Let’s dive in to how we’re building a censorship-resistant archive for scientific knowledge.👇
🔍 What is SnowReads?
SnowReads is a series of curated collections of open-licensed scientific… pic.twitter.com/FBykVKLco7— Walrus (@WalrusProtocol) November 25, 2024
Walrus is helping you own your data
We all rely heavily on centralized platforms to store our data (pictures, documents, or anything) because they are more convenient. But we do so at the huge price of losing control of our data.
Ownership has become difficult to prove, and artificial intelligence (AI) just arrived in time to make things worse. It’s hard to track your data today because AI makes it easier to misuse your data.
How do they help? Walrus provides a democratic data storage solution, which means you can truly own your data. At the basic level, it is a decentralized storage network, but it is more than that.
If your centralized storage system fails? Say goodbye to your files. 🫠
With Walrus, even if a node goes down, your data remains accessible.
That’s resilience you can trust. pic.twitter.com/ny0VMIvNm1
— Walrus (@WalrusProtocol) December 4, 2024
Walrus offers you a secure, immutable, decentralized storage system that’s integrated with Sui. One of the benefits of that is your data enjoys Sui’s speed and moves really fast. Walrus also allows you to set conditions around your data. You can program your data to be publicly available for only 6 months before encrypting itself automatically. So, your data isn’t just stored on Walrus.
Furthermore, the project also ensures AI isn’t a problem for you. It offers AI protection. Developers can build AI models from verifiably legit sources, curbing fears of fake news and false information.
A vision for the future
The future of data storage is coming soon.
Get to know Walrus now, thanks to @RealVision https://t.co/rZq1ilAUgm pic.twitter.com/aRUjZkmrQv
— Walrus (@WalrusProtocol) December 9, 2024
Walrus focuses on solving problems where traditional data storage options fall short. Its biggest appeal isn’t being the cheapest (even though it is very cheap) but to excel in areas where decentralization truly matters. Rather than competing with Google, Walrus paves the way for a new, decentralized world where you truly own your data. And you can control who accesses it and when.
With its growing community, strong fundamentals, and strategic partnerships, this is a project to watch as it continues to redefine data ownership.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Walrus Protocol.
Copyright Altcoin Buzz Pte Ltd.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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