Fractal Bitcoin Launches A Clone of Bitcoin Core
- WBOYOriginal
- 2024-09-09 18:16:14562browse
In the latest development, Fractal Bitcoin announced the launch of its mainnet while sparking immediate debate over the project's design choices and transparency.
Fractal Bitcoin, a new blockchain network, has announced the launch of its mainnet. The network is designed to be a multi-layer architecture that preserves the integrity of the Bitcoin Proof-of-Work (PoW) protocol while offering higher throughput for applications like BRC20 tokens, Ordinals, and NFTs.
Fractal Bitcoin is a clone of the Bitcoin Core v24.0.1 mainnet with some tweaks and code borrowed from Bitcoin Cash and Namecoin. The network has a 30-second target block time and continuous difficulty adjusting, copying the code from the 30-second target block time.
The Fractal Bitcoin blockchain has a maximum supply of 210 million coins, with an initial block reward of 25 coins per block and a halving every 2.1 million blocks. The network also activates the OP_CAT opcode.
Cadence Mining
The Fractal Bitcoin network is merge-mined with BTC every three blocks, in a mechanism called Cadence mining. This method optimizes resources while ensuring the security of the Bitcoin mainnet.
The Fractal Bitcoin platform is designed to be a sidechain that aims to disrupt the BTC ecosystem. The network's launch comes in September as the broader crypto market faces a sell-off.
Premine Controversy
The launch of Fractal Bitcoin has sparked immediate debate over the project’s design choices and transparency.
One of the main points of contention is the network's hefty 50% premine, which is immediately spendable. This premine accounts for half of the fully diluted supply of Fractal Bitcoin.
The Fractal Bitcoin litepaper outlines ambitious goals related to “virtualization” and “recursive scaling in layers,” but the actual implementation has drawn criticism for bearing little resemblance to these promises.
Some industry observers have labeled Fractal Bitcoin as yet another “shitfork” with minimal innovation, along with a questionable premine and cloned features.
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