When to Use the Walrus Operator?
One of the main benefits of the walrus operator is its ability to simplify code that involves calling a function multiple times or when a computation is repeated. By integrating the assignment into the expression itself, it can make your code more efficient and easier to read.
Example without the Walrus Operator
value = some_expensive_computation()
if value is not None:
print(value)

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if (value := some_expensive_computation()) is not None:
print(value)

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As you can see, the second example reduces redundancy in the code by using the walrus operator.
Common Use Cases
The walrus operator shines in situations where a value needs to be reused. This includes while-loops, list comprehensions, and conditionals.
While-loops: The walrus operator can eliminate repeated function calls in while-loop conditions.
while (line := file.readline().rstrip()):
print(line)

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List Comprehensions: It can simplify list comprehensions that filter on a computation.
filtered_data = [y for x in data if (y := process(x)) is not None]

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If Statements: The walrus operator can make if-statements that test and then use a function's result more readable.
if (match := pattern.search(data)) is not None:
print("Found:", match.group()

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Why is it called the walrus operator?
The operator is nicknamed the walrus operator because the ":=" symbol visually resembles the eyes and tusks of a walrus.
Is it mandatory to use the walrus operator in Python 3.8 and later?
No, it is completely optional. It's there to make your code more concise where applicable.
Can the walrus operator be used with existing operators like +=, -=, etc.?
No, the walrus operator is not designed to work with other operators.
Conclusion
In conclusion, the Python walrus operator, while sparking debates initially, offers a valuable tool for certain coding situations. By understanding when and how to use it effectively, you can enhance both the readability and efficiency of your code. Like with any feature, it should be used judiciously, keeping in mind that the goal of any code should be clarity and understanding for those who read it.