As a seasoned researcher and cryptocurrency enthusiast with over a decade of experience, I find the launch of Fractal Bitcoin a fascinating development in the evolving world of blockchain technology. Having closely followed the evolution of Bitcoin since its inception, it’s intriguing to see a project that aims to enhance its capabilities while staying true to its original ethos.
Today marks the mainnet launch for Fractal Bitcoin, a Bitcoin scaling solution backed by wallet provider UniSat. This project aims to improve Bitcoin’s transaction capabilities while maintaining its core principles, and it operates directly within the Bitcoin Core codebase. The project has been in testing phase since July 2024 on a dedicated test network.
As a researcher delving into the intricacies of cryptocurrencies, I find it fascinating that the initial block of Fractal shares the same enigmatic message as Bitcoin’s genesis block.
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
Rather than relying on Ethereum‘s Virtual Machine like many scaling solutions do, Fractal aims to stand out by functioning directly within the framework of Bitcoin’s own system.
Users have the ability to handle Fractal tokens via UniSat Wallet and OKX Wallet, both of which are compatible with the mainnet. With these wallets, users retain ownership of their digital assets, and transaction information can be authenticated using Mempool Explorer, UniSat Explorer, or OKLink.
As a crypto enthusiast, I’m excited to share that I’ve joined forces with UniSat and OKX in the Fractal Mainnet Bootstrap Program. This partnership is designed to recognize and reward active Bitcoin users like myself.
Bitcoin-Native Approach
The innovative strategy behind Fractal Bitcoin leverages the incorporation of the OP_CAT command, a native Bitcoin operation that strives to enhance Bitcoin’s capabilities without requiring external protocols for support. As stated by the project, this network boasts confirmations within just 30 seconds or less, which is substantially quicker compared to Bitcoin’s primary layer confirmation times.
Fractal boasts a nested structure that repeats in layers, potentially offering a 20-fold jump in capacity for each level. This network naturally accommodates Bitcoin technologies such as BRC-20, Ordinals, and Runes, with the goal of providing versatility across various fields, including decentralized finance (DeFi) and non-fungible tokens (NFTs).
Fractal presents a novel mining method, “Cadence Mining”, that unites both permissionless and merged mining with Bitcoin for enhanced network security. Notable contributors to this project are UniSat Wallet and the blockchain development company, Block Space Force.
FB Token Launch
The initial launch of Fractal’s mainnet coincided with the introduction of its own token, FB, which has a total supply of 210 million units. Already, more than 100 projects are gearing up to debut on Fractal, aiming for swift expansion across diverse fields such as DeFi, NFTs, and gaming.
According to the recent announcement, Fractal Bitcoin intends to introduce a voting system based on OP_CAT. This will enable holders of Fractal Bitcoin (FB) to take part in decision-making processes related to governance.
In the meantime, the scaling solutions company is now accepting applications for its first season of grants, which will run from September 9 to October 9, 2024. Eligible projects are invited to submit their grant applications. Selections will be made continuously during this period, as announced on an X post.
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2024-09-09 12:21