Written by: Biteye core contributor Viee
Editor: Crush, core contributor of Biteye
In the Bitcoin ecosystem, a new wave of innovation is quietly emerging. Fractal Bitcoin, as the pioneer of this wave, is bringing unprecedented scalability to the Bitcoin network! By introducing the fractal layer, not only the transaction speed is improved, but also compatibility with the Bitcoin main chain can be maintained.
How can Fractal Bitcoin stand out from the fierce market competition and become the next hot spot in the Bitcoin ecosystem? This article will introduce the core concepts, technical advantages and future potential of Fractal Bitcoin to help you quickly understand this game-changing project!
01 Introduction to Fractal Bitcoin: What is the fractal layer? What is the difference between it and L2?
Fractal Bitcoin, also known as Fractal Bitcoin, is a Bitcoin-based expansion solution jointly launched by well-known organizations such as the Unisat team, BSF, Uniworlds and Asset Bridge.
What are fractals?
It refers to gradually expanding the Bitcoin blockchain into a scalable computing system by adding fractal layers to the Bitcoin main chain, while maintaining full consistency with the Bitcoin main chain. We can compare this concept to a growing tree.
The trunk of a tree is the Bitcoin main chain, while the branches and leaves represent the fractal layers. Fractal Bitcoin adds these "branches" to the Bitcoin main chain, which can process transactions independently but remain closely connected to the trunk, allowing the entire system to scale faster and more efficiently.
What is the difference from traditional Layer 2?
The key difference is that Fractal Bitcoin expands the network by adding a fractal layer on top of the Bitcoin main chain. The fractal layer allows the Bitcoin network to process more transactions without changing the original code, while maintaining compatibility and security with the main chain.
In contrast, the traditional Layer 2 is an independent network built on the Bitcoin main chain, like an additional channel. Although it can also speed up transactions, it is usually more complicated to use and may require cross-chain.
In other words, Fractal Bitcoin will not compete with the Bitcoin mainnet for liquidity.
02 Fractal Bitcoin Technical Advantages: Why add a fractal layer?
The main purpose is to maintain complete consistency with the Bitcoin main chain, improve transaction speed and processing power, which is where the technical advantages of Fractal Bitcoin come into play. 👇
Fully compatible with the Bitcoin main chain: Fractal Bitcoin is the only native extension solution that is instantly compatible with Bitcoin, without any modification to the Bitcoin main chain, which means that you can directly use the original wallets, tools, etc.
Efficient consensus mechanism: Using the same proof-of-work mechanism as Bitcoin, miners can use existing ASIC, GPU and other equipment for mining
Recursive expansion structure: Fractal Bitcoin recursively creates infinite expansion layers to form a tree structure, allowing each layer to be further expanded, significantly improving transaction processing capabilities and speed. The transaction confirmation time only takes 30 seconds, which is 20 times that of the Bitcoin main chain.
Dynamic adjustment capability: Fractal Bitcoin can dynamically adjust the number of extension layers according to the network load to ensure efficient operation without affecting the stability of the main chain.
Support for the BRC-20 token standard: tokens can be issued and traded on Fractal Bitcoin.
03 Fractal Bitcoin Ecosystem Project Review
DeFi
Motoswap @MotoswapBTC: A DEX built on Bitcoin Layer 1, similar to Uniswap.
Satspumpfun @Satspumpfun: Prediction market, similar to the Bitcoin version of pumpfun, allows users to easily launch rule-free tokens, and plans to conduct an airdrop of BRC-20 tokens.
op.fun @opdotfun: Another prediction market, also like Bitcoin’s version of pumpfun.
NUSD @bamkfi: Rune Project $NUSD is considered the native Bitcoin dollar.
Infrastructure
OP_NET @opnetbtc: Bitcoin layer 1 smart contract meta-protocol for DeFi, tokens, NFTs, DAOs, and more.
Fractal-420 @Fractal_420: An open source asset management protocol for Fractal Bitcoin.
InfinityAI @infinityai_labs：AIGC platform based on Web3, the first AI project in this ecosystem, allowing users to create and tokenize content in the Bitcoin ecosystem.
UniWorlds @UniWorlds_io: 3D content creation platform dedicated to providing virtual space construction capabilities on the Bitcoin network.
BtcTerminal @btcterminal: A comprehensive platform that provides real-time market data analysis and trading tools.
Aletheias Agora @AletheiasAgora: The first prediction market on Bitcoin L1.
Ordinals NFT
honzomomo @honzomomo: Launched in September, the first Ordinals NFT on the Fractal Network.
FRACTOPUS @fractacles
Fractal Punks @Fractal_Punks
Maneki on Fractal @manekionfractal
Picho by Rabeno @PichobyRabeno
game
nodinoBtc @nodinoBtc
VNTG ROBOTS @vntgrobots
04 Current Stage and Prospects
Fractal Bitcoin's testnet was launched in July 2023, and the mainnet is expected to be officially launched on September 1.
Fractal Bitcoin is backed by a well-known institution. It is technically fully compatible with the characteristics of the Bitcoin main chain, allowing existing BTC users to seamlessly switch to Fractal Bitcoin, greatly improving the user experience. At the same time, high transaction processing capabilities and low transaction fees also provide a basis for large-scale applications.
In the future, as more high-quality projects join, Fractal Bitcoin's application scenarios will be more abundant, and the user base will continue to expand. It is still in the very early stages, so you can learn and ambush opportunities first, and try to get early airdrops and other bonuses.
