Is there a way to store small amounts of data on the blockchain?

chiabot · February 2, 2022, 5:04am

This question was asked at chia_network.public on Keybase.

chiabot · February 2, 2022, 5:04am

You can store data on the blockchain in the solution, puzzle reveal, and output of coins.

quexington · February 9, 2022, 10:40pm

The more data you store, the higher the fee will be for the transaction.

roybot · February 9, 2022, 11:23pm

How is the fee calculated?

quexington · February 10, 2022, 5:39pm

If you’re talking just pure bytes, it’s 16000 per byte. Maximum block cost is 11 billion.

quexington · February 10, 2022, 5:40pm

And you pay fees to compete for block space, it is not a calculation it is an estimation. The higher the cost of your CLVM program, the more fees you will have to pay to convince the farmer to fit your transaction in a block sooner.

Grant · February 12, 2022, 2:35am

But the cost right now is zero since most blocks are empty and there is no fee pressure. Each block can fit 100k or so.

quexington · February 14, 2022, 2:27pm

I was referring to CLVM cost which is what determines how much space a transaction takes up in a block. You are correct that currently you’ll pay almost 0 monetary cost for even the biggest possible transaction.