Fractal Bitcoin: Innovative Breakthrough and Ecological Layout of the Native Expansion Plan for Bitcoin

robot
Abstract generation in progress

Fractal Bitcoin: Comprehensive Research Report

Fractal Bitcoin is an innovative Bitcoin scaling solution launched on September 9, 2024. It uses the Bitcoin core code to recursively scale to infinite levels, bringing new possibilities to the Bitcoin ecosystem.

Fractal Bitcoin: Comprehensive Research Report

Key Points

  1. Innovative Mining Model: Fractal combines merged mining and permissionless mining, providing a new perspective on proof of work.

  2. Bitcoin Test Network: Fractal is compatible with the Bitcoin mainnet, providing developers with a real testing environment.

  3. Strong initial user base: By collaborating with OKX and UniSat, Fractal has attracted active Bitcoin users from the very beginning.

  4. Community-Driven Strategy: Fractal adopts a pragmatic community-driven approach to avoid excessive hype.

  5. Ecosystem Integration: Successfully integrated key participants in the Bitcoin ecosystem such as BRC-20, Ordinals, and Runes.

Fractal Bitcoin: Comprehensive Research Report

Core Concepts and Technologies

  • Native Bitcoin Expansion: Maintain full compatibility with the Bitcoin mainnet
  • 30 seconds block time: Significantly improves transaction confirmation speed
  • Hybrid mining mechanism: combines permissionless mining and pooled mining.
  • Support for smart contracts: Implementing the OP_CAT opcode
  • Parallel execution: allows different applications to run independent instances
  • Full compatibility: 100% compatible with existing Bitcoin standards

Fractal Bitcoin: Comprehensive Research Report

Market Strategy

  • Leverage UniSat's approximately 1 million weekly active users base
  • Establish a partnership with OKX wallet
  • Focus on trading volume rather than total locked value ( TVL ) as a core indicator.

Fractal Bitcoin: Comprehensive Research Report

Ecosystem Development

  • Adhere to the principle of decentralization
  • Implement user reward programs and developer incentive measures
  • Adopt a retrospective funding model to support projects
  • Supports multiple key projects, such as sCrypt, F2Pool, Nubit, etc.

Fractal Bitcoin: Comprehensive Research Report

Token Economics

  • Token Name: FB (Fractal Bitcoin)
  • Maximum supply: 210 million coins
  • Main use: trading fees
  • Token Allocation:
    • 50% for proof of work mining
  • 15% Ecosystem Reserve Fund
  • 10% Community Rewards
  • 5% presale
  • 5% Advisor Pool
  • 15% Core Contributors

Fractal Bitcoin: Comprehensive Research Report

Core Team

  • UniSat: Leading Bitcoin wallet provider
  • Block Space Force: Experienced blockchain entrepreneurs and developers

Fractal Bitcoin: Comprehensive Research Report

Challenges and Risks

  • Programmability: The use of Bitcoin scripts may hinder developer adoption.
  • Technical Risks: Modifying core Bitcoin parameters may introduce vulnerabilities.
  • Adoption risk: Convincing users to switch from existing solutions may be challenging.

Conclusion

Fractal Bitcoin represents an innovative approach to the functional expansion of Bitcoin, with significant advantages such as native Bitcoin integration, technological innovation, and a strong initial user base. Despite facing challenges, its unique approach and early adoption signals show great potential, which could reshape the utility and adoption landscape of Bitcoin.

Fractal Bitcoin: Comprehensive Research Report

FB-0.68%
BTC1.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
BuyHighSellLowvip
· 07-24 20:36
Another empty token, when will it go live?
View OriginalReply0
OnchainDetectivevip
· 07-24 15:21
I have been tracking this project for a long time. It seems innovative but is actually just a repackaged standard BTC mining logic.
View OriginalReply0
OffchainOraclevip
· 07-22 00:48
Old story, technology can't keep up.
View OriginalReply0
BearMarketMonkvip
· 07-22 00:48
Another bustling trap... human nature cannot escape the cycle of reincarnation.
View OriginalReply0
CryptoCross-TalkClubvip
· 07-22 00:44
Another so-called sucker harvesting machine that can defeat V.
View OriginalReply0
OnChain_Detectivevip
· 07-22 00:23
hmm... flagging some concerning attack vectors in this mining model. needs serious security audit tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)