The Walrus protocol is essentially an overlay network providing a decentralized storage solution, with the native cryptocurrency being the main economic anchor in the decentralized system. The approach ensures the financial incentivization of data providers to have a financial stake in the integrity of the decentralized storage network, thus creating a responsible system wherein data integrity is incentivized, and resource allocation is determined by free markets.
Governance provides the system's evolutionary or growth logic as a requirement of system development. Token holders influence the evolution of the protocol through voting on critical system parameters or updates as a measure of ensuring the system stays aligned with the evolving needs of users through deliberate decision-making systems. In effect, the application of a useful token and a robust decision-making system essentially implies a more resilient digital environment in terms of system health conservation through shared stimulated attention.
WAL
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