Walrus Protocol offers a decentralized storage model where users pay for data storage using the $WAL token.
According to the whitepaper, the product employs Red Stuff encoding for data, enabling low-cost storage and rapid recovery in case of errors.
Users can select storage durations of up to two years, with the option to either delete or retain the data afterward, enhancing flexibility.
The pricing for data storage and writing is determined in advance by node voting (requiring 66.67% based on stake weight), utilizing a prepayment mechanism with distribution occurring at the end of each epoch.
The economic mechanism encompasses
Rewards: Incentives are provided for successfully responding to challenges, assisting with data writing, and recovering data fragments.
Penalties: Token burning is implemented for failure in challenges (above 50%) or failure to recover data fragments, thereby enhancing network security.
