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Core Space Basics

The basic concepts and mechanisms for Conflux core space.

📄️ Storage Collateral

Conflux Core introduced the Collateral for Storage (CFS) mechanism as a pricing method for using storage. Compared to Ethereum's one-time storage fee, the CFS mechanism is more fair and reasonable. In principle, this mechanism requires locking a certain amount of funds as collateral to occupy storage space. This collateral remains locked until the corresponding storage space is either released or taken over by others. The interest generated by the locked collateral is directly allocated to miners for maintaining the storage space. Thus, the storage cost in Conflux also depends on the duration for which the storage space is occupied. Conflux has detailed this mechanism in chapter 7 of its Conflux Protocol Specification.

📄️ Transactions

The act of sending a transaction is the only method of storing or modifying data on the blockchain. This includes both the transfer of CFX and the modification of contract states. The process of sending a transaction consists of three steps: constructing the transaction, signing it, and finally transmitting it. Most programming languages have an SDK with a convenient method that can be used for this purpose. However, if you are looking for a deeper understanding of the underlying mechanics or if you are experiencing problems when sending transactions, this article may help.