Ethereum update: Storing text on the blockchain:
Hello there friends,
I have a project in mind and was wondering what the most efficient way to store text on the blockchain would be so that it was immune from censorship. I understand that you can convert words into hex and then add this to the transaction data. This would be very expensive but I was wondering how expensive?
What would the cost of 1000 words be for example?
Is it a linear increase in cost?
Is there a limit to the amount of data sent in a transaction (apart from the gas limit)?
Would a smart contract be a better way?
Would a smart contract be equally as safe from censorship?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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