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Fractal Bitcoin, a new Bitcoin scaling solution supported by UniSat, has officially launched its mainnet

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2024-09-09 21:14:14656browse

This innovative project aims to enhance Bitcoin’s transaction capabilities while staying true to its original framework by working directly on the Bitcoin Core codebase

Fractal Bitcoin, a new Bitcoin scaling solution supported by UniSat, has officially launched its mainnet

Fractal Bitcoin, a new Bitcoin scaling solution backed by UniSat, has officially launched its mainnet. Fractal is a Layer 2 scaling solution for Bitcoin that aims to enhance Bitcoin’s transaction capabilities. Fractal works directly on the Bitcoin Core codebase to achieve this goal.

The Fractal mainnet genesis block has now been mined. This block includes the same message as Bitcoin’s genesis block: "The Times 03/Jan/2009 Chancellor on brink…."

Fractal Bitcoin is designed to enhance Bitcoin's scaling capabilities while remaining faithful to its original framework. In contrast to other projects that prioritize compatibility with the Ethereum Virtual Machine (EVM), Fractal leverages the OP_CAT opcode to expand Bitcoin's functionality.

This approach facilitates block confirmation times of less than 30 seconds, a substantial improvement over Bitcoin's base layer. The network employs a recursive layering structure, enabling a 20-fold increase in capacity per layer. This design accommodates a diverse range of applications, spanning from decentralized finance (DeFi) to non-fungible tokens (NFTs).

Moreover, Fractal introduces a novel mining structure known as "Cadence Mining," which combines permissionless mining with merged mining with Bitcoin to bolster the network's overall security.

The Fractal mainnet launch also coincides with the release of its native token, FB, which has a total supply of 210 million tokens. The genesis block of Fractal also echoes the same sentiment as Bitcoin's, displaying the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

This gesture serves to highlight Fractal's commitment to Bitcoin's original ethos. Fractal assets can be managed through UniSat Wallet and OKX Wallet, both of which now support the mainnet. These wallets provide users with complete control over their digital assets, while transaction details can be confirmed using Mempool Explorer, UniSat Explorer, and OKLink.

With over 100 projects already preparing to launch on Fractal, the ecosystem is set to rapidly expand across multiple sectors, including DeFi, NFTs, and gaming.

Fractal Bitcoin is also preparing to launch a voting platform powered by OP_CAT, enabling FB holders to participate in governance decisions. Additionally, the scaling solution provider has opened applications for Season 1 Grants, which will run from September 9 to October 9, 2024.

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