Cost Structure and Economics of Walrus Protocol Walrus Protocol is a decentralized storage and data availability protocol operating on the Sui blockchain, designed to store large files at a low cost. All data stored in the Walrus Protocol is public and represented as objects managed on the Sui chain, allowing for actions such as checking storage duration or deletion through smart contracts. The costs incurred in the process of storing data in the Walrus Protocol arise from four elements. First, resources are contracted to store data in the Walrus Protocol. WAL tokens can be paid to purchase resources or transferred from other users. Next, to upload data to Walrus, costs must be paid through WAL tokens. Additionally, every step of the process, including data verification, incurs transaction costs through SUI. Finally, when storing data in Walrus, a certain amount of SUI must be deposited into the SUI storage fund. If data on the Walrus Protocol is deleted, the deposited SUI is...
Show original
2.07K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.