Wal coin (Full name: Walrus) is primarily a Decentralized Storage Protocol. It was developed by 'Mysten Labs', the creators of the famous Sui blockchain. Its main purpose is to store vast amounts of internet data securely and affordably.

​The primary functions of Wal coin are outlined below:
​1. Large Data Storage (Blob Storage)
​Storing videos, images, or large files directly on a blockchain is typically very expensive. The Walrus protocol helps store these large files (which they call 'Blobs') securely and at a very low cost using blockchain technology.
​2. Data Security and Availability
​It does not store data on a single central server. Instead, it breaks the information into small fragments and distributes them across various nodes in a global network. As a result, even if one server fails, your data remains safe.
​3. Payment and Fees
​The WAL token is used as the primary currency within this ecosystem to pay for storing files or accessing storage services on the Walrus network.
​4. Staking and Rewards
​Storage providers (those who rent out their computer storage to the network) can earn WAL coins for their service. Regular users can also 'stake' their coins to help secure the network and receive rewards in return.
​5. Decentralized Website Hosting
​Websites are often hosted on servers like Google or AWS, which can be shut down by the provider. Walrus enables the hosting of fully decentralized websites that cannot be easily censored or taken down.
​Why is it important?
​Currently, we are heavily dependent on large corporations (like Google and AWS) for data storage. Wal coin and the Walrus protocol aim to reduce this dependency and return control of data to the people. It is playing a significant role in managing AI datasets, NFT media, and building Web3 applications.#WAL $WAL ‌