The Good Tech Companies - Decentralized Storage Protocol Walrus Launches Public Testnet

Episode Date: October 17, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/decentralized-storage-protocol-walrus-launches-public-testnet. Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #mysten-labs, #chainwire, #press-release, #mysten-labs-announcement, #blockchain-development, #decentralized-storage, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Decentralized Storage Protocol Walrus launches public testnet by Chainwire. Palo Alto, United States, October 17, 2024, Chainwire, Asterisk Meisten Labs, the Web3 infrastructure company, today announced that following a successful DevNet, Walrus Protocol, a decentralized storage network, has launched its public testnet. 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's public testnet and its testnet token,

WAL, are served by Sway as the coordination layer. Sway 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 Sway. Walrus's testnet launch will include API endpoints that support deletable blobs, meaning data can be deleted. Dedicated Walrus Explorer, allowing users to search data quickly and comprehensively, built by StakeStab Inc., maker of SuiScan and BlockBerry API platform. Full tokenomics ecosystem for the walrus token wall including epic management staking and unstaking and rewards as well as the wall token faucet for developers

wall staking app developed by myston labs greater than as blockchain projects aim to become more decentralized it has been apparent greater than for quite some time that a decentralized storage network was needed for greater than networks of all kinds l, L1s and L2s, to support end-user applications with rich greater-than media and larger storage needs, said George Denezis, chief scientist and co-founder at Meisten Labs. Walrus Testnet going live is a pivotal moment in greater-than that journey. With Accord and Decrypt beginning the migration over to Walrus, greater than we'll begin to see that a decentralized storage network can be used to bring greater than various applications to a mass audience. Coinciding with the launch of

Walrus's public testnet, Accord, 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. Accord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt Media's 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. Greater than, at Accord, our mission is to create a platform that empowers individuals and greater than businesses with meaningful data ownership the ability to secure data greater than publicly and tokenize it or store it privately with end-to-end encryption greater than controlling the keys and access said pascal berry ceo of accord migrating greater than

to walrus allows us to offer our existing customers a more cost-effective, greater than versatile and performant solution, as well as giving us the opportunity to greater than realize our mission at a much larger scale. Powered by a system that divides large data files into smaller fragments, referred to as red stuff, Walrus 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. Walrus, whose original contributor is Myston Labs, launched on DevNet in June 2024. Its white paper was available as of September 2024, presented by Janet Wu, head of product, Platform, at Myston Labs, at Sway's Singapore Builder House event. Walrus Mainnet is slated to launch in 2025. About MYSTEN Labs Myston Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta's Novi Research and

led architects of the Diem blockchain and Move programming language. The mission of Myston Labs is to create foundational infrastructure for Web3. Learn more. https colon slash slash Myston Labs. Com. About Walrus 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 SWE as the coordination layer, Walrus scales to hundreds or thousands of network decentralized storage nodes without compromising performance. Learn more.

https://www.walrus.xyz About AKORD 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. https://accord.com. Contact Lexi Wengler Meisten Labs Lexi Wengler at mistenlabs.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon

story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.