Static format is the default for MyISAM
        tables. It is used when the table contains no variable-length
        columns (VARCHAR,
        VARBINARY,
        BLOB, or
        TEXT). Each row is stored using a
        fixed number of bytes.
      
        Of the three MyISAM storage formats, static
        format is the simplest and most secure (least subject to
        corruption). It is also the fastest of the on-disk formats due
        to the ease with which rows in the data file can be found on
        disk: To look up a row based on a row number in the index,
        multiply the row number by the row length to calculate the row
        position. Also, when scanning a table, it is very easy to read a
        constant number of rows with each disk read operation.
      
        The security is evidenced if your computer crashes while the
        MySQL server is writing to a fixed-format
        MyISAM file. In this case,
        myisamchk can easily determine where each row
        starts and ends, so it can usually reclaim all rows except the
        partially written one. Note that MyISAM table
        indexes can always be reconstructed based on the data rows.
      
          Fixed-length row format is only available for tables without
          BLOB or
          TEXT columns. Creating a table
          with these columns with an explicit
          ROW_FORMAT clause will not raise an error
          or warning; the format specification will be ignored.
        
Static-format tables have these characteristics:
            CHAR and
            VARCHAR columns are
            space-padded to the specified column width, although the
            column type is not altered.
            BINARY and
            VARBINARY columns are padded
            with 0x00 bytes to the column width.
          
Very quick.
Easy to cache.
Easy to reconstruct after a crash, because rows are located in fixed positions.
            Reorganization is unnecessary unless you delete a huge
            number of rows and want to return free disk space to the
            operating system. To do this, use
            OPTIMIZE TABLE or
            myisamchk -r.
          
Usually require more disk space than dynamic-format tables.

User Comments
Storage space used by NULL columns:
If the table is Fixed-length the NULL coumns take up same space as they would have taken if they contained a value.
If there are lot of NULL columns and you want to save some space, then ALTER the table by adding a variable length column. That will make the table storage type as 'Dynamic' and the NULL coulmns will take up only one bit/byte.
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