The Bitcoin Layer 2 network Fractal Bitcoin has become popular recently and has become one of the hottest projects in the Bitcoin ecosystem. According to Fractal Bitcoin browser data , the 24-hour active addresses of the Fractal Bitcoin test network have exceeded 8.3 million, and the cumulative number of transactions in 24 hours has exceeded 8.3 million. More than 10 million transactions.
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.
Fractal Bitcoin is jointly developed by UniSat and Block Space Force. Fractal Bitcoin has fully launched the test network in August and enabled the Bitcoin operation code proposal OP_CAT on the test network. It is expected to be activated when the mainnet goes online in September to achieve Advanced smart contract functionality on Fractal Bitcoin.
Before the mainnet is launched, users can participate in the Fractal Bitcoin test network, familiarize themselves with and experience the functions of Fractal Bitcoin through its test network, obtain test tokens to participate in various tests, prepare for the mainnet launch, and also have the opportunity to obtain Potential airdrop of Fractal Bitcoin.
Extended reading: Unisat’s official support》Bitcoin expansion plan Fractal launched on the test network, 0 airdrop tutorial
Support merged mining
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.
Researcher Greyy pointed out that for miners, in short, they can mine Bitcoin blocks and Fractal Bitcoin blocks at the same time without additional computing work, which means that Bitcoin miners can get more additional rewards.
As the mainnet is about to go online, it is expected that various DeFi applications built on Fractal Bitcoin will also emerge. Lorenzo, the founder of UniSat, recently said that after the mainnet goes online, everyone is encouraged to participate in high-quality projects that they recognize, and this project is With the PoW consensus mechanism, interested and capable friends can participate in the mining pool or mine freely on their own.
