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Indeed, in order to have something stored in the blockchain, you have to make a transaction, which incurs costs. However, reading the blockchain is free (once y
by tudorconstantin 9y ago
Indeed, in order to have something stored in the blockchain, you have to make a transaction, which incurs costs. However, reading the blockchain is free (once you exclude network traffic costs and electricity).
This is an overview of how blockstack works: https://blockstack.org/docs/how-blockstack-works https://blockstack.org/docs/how-blockstack-works
This is a description regarding the transaction fees on the bitcoin blockchain: https://en.bitcoin.it/wiki/Transaction_fees https://en.bitcoin.it/wiki/Transaction_fees
Here are some real time stats regarding the costs/byte of info to be stored in the blockchain (in satoshis - 1 USD is approx 45k satoshis at today's BTC price)