The Bitcoin Layer 2 network Fractal Bitcoin developed by Bitcoin wallet Unisat has recently become popular in the community and has become one of the hottest projects in the Bitcoin ecosystem.
Just today (9th), Fractal Bitcoin announced on Twitter that the Fractal Bitcoin mainnet has been launched. Users can use UniSat wallet and OKX wallet to independently manage Fractal assets and fully support the Fractal mainnet.
However, according to UniSat Explorer , the Bitcoin Ordinals transaction will not be enabled until the 21,000th block (about 6 days and 12 hours later), and the Runes transaction will not be enabled until the 84000th block (about 28 days and 9 hours later). hours) will be enabled.
What is Fractal Bitcoin?
According to the official introduction , Fractal Bitcoin is a technology that enhances the functionality of the Bitcoin main chain by adding a fractal layer, allowing the Bitcoin network to process more transactions without changing its original code, ensuring that the network With network security and native compatibility, it is designed to allow more DeFi activities to proceed smoothly on the Bitcoin network by increasing transaction speed and processing capabilities.
According to the official website, features of Fractal Bitcoin include:
- Native Scaling: Fractal Bitcoin leverages recursive scaling within the Bitcoin Core code itself, ensuring consistent and unlimited scaling, as well as native support for current infrastructure such as wallets.
- Fast confirmation: The confirmation time of each block is 30 seconds or less, which is much faster than the 10-minute confirmation time of the Bitcoin main chain, and the transaction processing capacity is 20 times that of the Bitcoin main chain.
- Dynamic expansion: In response to changes in demand, on-chain operations can be dynamically adjusted, acting as a dynamic "block space load balancer" to reduce congestion on specific layers.
- Consistency: Due to the self-replicating consistency of each layer with the main chain, on-chain consensus is retained without the risk of forks or fragmentation.
- Simplicity: Assets can be transferred directly from one tier to another without the need for additional relays.
In addition, the opcode OP_CAT, which was once banned on the Bitcoin mainnet, will also be enabled on Fractal Bitcoin to implement Fractal Bitcoin’s advanced smart contract functions.
In addition, it is worth noting that according to the official website , Fractal Bitcoin’s consensus mechanism is proof of work. Like Bitcoin, Fractal Bitcoin supports merged mining with Bitcoin, allowing miners to mine Bitcoin mainnet blocks while also To mine Fractal Bitcoin blocks, the block interval for merge mining is 90 seconds.
Miners can use existing ASICs, GPUs and other hardware devices to mine, and the project uses the innovative mining method Cadence Mining to balance the benefits of merged mining and permissionless mining.
For every three blocks mined, two of them will be mined without permission and the other block will be mined by merged mining. This retains permissionless and freely available mining opportunities for the Fractal community, and at the same time, it will be mined through merged mining. Mining takes advantage of the strong security of the Bitcoin main chain.
$FB Token Economics
In addition, according to previous reports from Dongzhong, $FB Token Economics has been released at the end of August. The total supply of tokens is 210 million, 80% of the total token supply is allocated to the community, and the remaining 20% is allocated to the team and Contributors (with lock-in period). The specific details are as follows:
- Miners (50%) : used for mining rewards to ensure network security.
- Ecological treasury (15%) : used to invest in the Fractal ecosystem, such as funding ecological improvement plans and providing continuous core improvements for Fractal.
- Pre-sale (5%) : Targeted at early investors and online participants. It should be noted that the pre-sale tokens are locked for seven months and then released linearly until the twelfth month.
- Consultants (5%) : These people provide strategic advice and support.
- Community Grant (10%) : used to build partnerships and liquidity plans.
- Core Contributors (15%) : These people are responsible for building and maintaining the core Fractal software.
Allocate 1 million $FB to Unisat and OKX wallet users
On the other hand, Fractal Bitcoin also tweeted today on the community that the first batch of rewards for the Fractal mainnet Bootstrap project has been successfully distributed and airdrop rewards will continue to be distributed.
In this Bootstrap project, a total of 1 million $FB will be airdropped, accounting for 0.47% of the total token supply. UniSat and OKX wallets will each distribute 500,000 $FB to eligible users. The airdrop rules for this airdrop are different for UniSat and OKX wallet users. The airdrop rules for OKX wallet are as follows:
- Condition 1: At 00:00 on September 1st (UTC+8), hold more than 100 USD equivalent in BTC in the Oui wallet, and have used the OKX Web3 market to trade Ordinals, Runes, and Atomics assets for a number of times equal to or more than 3 times in the past 6 months. Second-rate.
- Condition 2: Rank among the top 5,000 in OKX Web3 wallet BTC ecological activity.
- You can get 5 FBs if you meet any of the above conditions: trade more than 0.001 BTC on the UniSat market and get more than 10 UniSat points.
- You can get 10 FBs by meeting any of the following conditions: holding a UniSat OG card, holding a UniSat Prime card, early interaction in the BRC 20 swap on the mainnet, holding 0.001 BTC on the Bitcoin mainnet and on the Fractal test network. Holding 0.002 tFB on.
- You can get 15 FBs by satisfying any of the following: ranking among the top 5,000 in the UniSat market and ranking among the top 5,000 in UniSat points.
If you observe further, you can find that Airdrop is not explicitly mentioned in the token economics of the previous chapter $FB. The community speculates that airdrop projects like Bootstrap will be classified as community subsidies or ecological in the vault as part of driving the ecosystem and expanding the community.
