What is Fractal: A revolutionary Bitcoin scaling solution
Fractal is a project focused on expanding the capacity of Bitcoin. Unlike other common expansion plans, Fractal neither forks nor uses side-chain technology. Instead, it uses the so-called "fractal" in mathematics as its core concept, through decentralization. It uses backbone and virtualization technology to achieve unlimited expansion and more efficient processing capabilities while maintaining core architecture consistency with Bitcoin.
In this way, to develop on Bitcoin, there is no need to build an additional separate chain with its own independent system, which will cause the user base and funds of the Bitcoin ecosystem to be divided and diluted, and everyone can create various decentralized ones on it. ized applications and interoperate with each other. The Bitcoin system expanded through Fractal technology can not only support DeFi dAPPs, but also further support Ordinals and even large-scale Web 3 games. The ultimate vision is to make Bitcoin the infrastructure of a universal system.
Preserving the original style of Bitcoin: core technology highlights
Fractal is the only scaling solution currently available that uses the Bitcoin Core code itself, allowing developers to scale infinitely on the world's most secure and trusted blockchain - the Bitcoin chain.
・Native expansion and consistency : Fractal uses unique recursive technology to expand the Bitcoin core code that was born in 2009, achieving unlimited expansion without the need to import external structures, while retaining the same features as the Bitcoin main chain. characteristics to ensure the stability and reliability of the overall system.
・Virtualization and multi-level architecture : Fractal adopts virtualization technology and uses Bitcoin Core Software Package (BCSP) for instantiation to achieve multi-level distributed computing. Compared with the typical Ethereum Layer 2, there are both similarities and differences, that is, additional abstraction layers can be used to achieve computing power and scalability beyond the main chain. But it does not need to be independent of the main chain like other Layer 2 solutions. This architecture enables the Bitcoin network to be infinitely scalable and support large-scale applications without the need to create additional new consensus mechanisms.
・Cadence Mining’s innovative dual mining mechanism : Fractal uses the “Cadence Mining” mechanism, which allows miners to use existing ASICs and GPUs to simultaneously mine Bitcoin blocks and Fractal blocks, optimizing the allocation of computing resources and increasing profits in the foreseeable future. . This win-win mechanism not only improves mining efficiency for miners, but also helps strengthen the flexibility and security of the Bitcoin network.
・Fast block confirmation and dynamic load balancing : Fractal reduces block confirmation time to 60 seconds or less, improving the system's response speed. At the same time, dynamic load balancing technology can adjust blockchain interactions according to changes in demand, reducing the possibility of congestion on the Bitcoin blockchain and achieving current Internet-level scale.
・Cross-layer bridging function: Elevator : Fractal has created a universal asset transfer interface - Elevator, which allows assets to be seamlessly transferred between different layers, simplifying the overall asset management process and ensuring consistency and continuity between layers sex.
Fractal core team, partners, financing status
In the BRC-20 boom in 2023, the Inscription Track led by UniSat attracted a large number of users to join the Bitcoin ecosystem, demonstrating the huge potential of Bitcoin as a blockchain ecosystem.
In order to further build key infrastructure for the Bitcoin ecosystem such as nodes, browsers and wallets while remaining true to the core spirit of Bitcoin, UniSat and Block Space Force have more than one million users around the world, heavyweight Bitcoin The development team jointly started the Fractal project and prepared to work together to create an open Bitcoin ecosystem. In addition to being co-founded by developers and operators with extensive experience in Web 3, UniSat and Block Space Force can almost be directly regarded as the core team supporting Fractal.
Although the team currently has no public financing news, and due to Bitcoin’s unique developer culture, the way to obtain funds is more inclined to adopt a fair contribution system than asking for money from institutions. However, considering the strength of Unisat, the leading company in obtaining funds, and the trend of many institutions squandering large sums of money on the Bitcoin ecosystem in the first half of this year, plus Fractal’s Token Economics has a column distributed to early investors, it can be guessed that Fractal has already There are good institutions or funds behind it.
Reviving the Deprecated Bitcoin Language OP_CAT: The Next Hot Asset Protocol CAT20?
OP_CAT was originally part of the Bitcoin programming language, but was banned in 2010 because it might cause the program to use too much memory and was contrary to the mainstream concept of fork expansion.
Fractal intends to re-adopt OP_CAT and is expected to introduce smart contract functions such as BigInt and Number Handling, zero-knowledge proofs, Bitcoin virtual machines and staking, and deeply explore the potential of Bitcoin Layer 2 applications to promote innovation in Bitcoin code , opening up new possibilities for Bitcoin.
Currently, CAT Protocol is taking the lead in launching the Contract Proof Token (CAT) protocol. CAT is an asset protocol that is verified by miners and uses smart contracts (especially contracts) to manage the minting and transfer of tokens. Unisat also quickly launched the CAT20 token protocol page. Several related tokens have been deployed online, which may trigger the next wave of cat articles (?) craze!
$FB: Fractal’s native token
$FB is Fractal’s native token. It has not yet been issued. The total supply will be 210 million. Officials have stated that 80% of all tokens in the future will be allocated to the community, and only 20% of the locked tokens will be allocated to the team and contributors. , to ensure the continued development and stability of the project. In the future, tokens will be mainly used to support transaction fees, access nodes and services, project Launch Pad, and Fractal ecosystem management.
$FB Token Purpose
・Payment of transaction fees : All transaction activities conducted on the Fractal platform require FB tokens to pay transaction fees to ensure that the network can operate normally.
・Access nodes and services : Users can use FB tokens to access Fractal's nodes and related services to improve the overall user experience.
・Project launch platform : FB tokens can be used to participate in the launch of new projects on Fractal, supporting the development and launch of innovative applications.
・Cross-layer application support : FB tokens are used to support applications at all levels on the Fractal platform and promote the overall development of the ecosystem.
・Ecosystem subsidies: In the future, funds will be provided to teams building applications on Fractal in the form of a mixture of US dollars and FB tokens.
$FB Tokenomics Token Economic Model
FB coin distribution project | Number of FB coins distributed |
50% proof-of-work mining | ・105,000,000 are allocated to Proof of Work (PoW) mining to ensure that Fractal is closely integrated with Bitcoin’s security model, maintaining network security and ensuring block production. |
15% Ecosystem Treasury | ・31,500,000 are reserved in the ecosystem treasury to support the core evolution and project investment of the Fractal ecosystem. |
15% core team | ・31,500,000 pieces are allocated to the builders and maintainers of Fractal core software to ensure the continued stability and iteration of the project. |
10% community allocation | ・21,000,000 are allocated to community users for plans to build partnerships and increase online engagement. |
5% consultant | ・10,500,000 pieces are allocated to consultants to provide strategic advice to support the continued development of the Fractal network. |
5% pre-sale | ・10,500,000 tokens are allocated to early investors. These tokens will have a six-month lock-up period and will be released linearly within twelve months. |
Fractal mainnet online: data overview
Fractal's mainnet was officially launched on September 9. As mentioned in the first half of the article, miners can mine Fractal blocks while mining Bitcoin and receive reward tokens. Starting from the second block after the creation, each block will generate 25 $FB tokens. The mining block interval is 30 seconds. For every three blocks mined, two of them will be " Permissionless Mining" and the other block will be "Merged Mining".
According to Unisat’s data dashboard, Fractal has currently had nearly 9,500 blocks mined. According to CoinEX's pre-market trading data of more than two million, the current expected price of $FB is about $30.
Get $FB Token Airdrop Tutorial
At the same time as the mainnet was launched, Fractal also started its first token airdrop plan. We previously thought that Unisat would issue tokens to reward users, but currently it seems that the airdrop will be carried out on the sub-product Fractal first. As long as you are qualified , Connect to the wallet on the confirmation page to see how many $FB tokens you can get.
Users who have achieved brilliant results in playing inscriptions and runes before, don’t forget to check whether you are qualified to receive FB tokens!
Fractal testnet event: tutorial on potential airdrop tasks
The Fractal mainnet is expected to be launched on September 9th. It is currently in the testnet stage. Users can conduct simple interactions on the testnet to win possible community airdrops in the future. Next, we will take you step by step to complete the testnet task.
▌If you have never used a wallet in the Bitcoin ecosystem, I will teach you in three minutes: Introduction to Unisat Bitcoin wallet, opening and transfer instructions
Before interacting, you need to set up the testnet wallet. Open the UniSat wallet extension in your browser, click the network drop-down menu in the upper right corner and switch to Fractal Bitcoin Testnet, copy the wallet address displayed on the page.
Enter the faucet token page dedicated to the test network. After passing the verification, paste the previous Fractal wallet address into the receiving address field and click "Claim" to obtain the test network token.
After that, you can use the test network to conduct transactions and engravings. The specific process of casting and buying and selling inscriptions is similar to the previous process. You can refer to our teaching articles . Although there are many people participating because of the high market attention, it is recommended that everyone still do some tasks to defend themselves.
It should be noted that there are currently some restrictions on deployment on the Fractal testnet:
・Name must be limited to 6 - 12 bytes . 4 or 5 character codes cannot be used as they are already used on the Bitcoin mainnet.
・BRC-20 on Fractal, the name can contain letters (upper and lower case: az/AZ ), numbers ( 0-9 ) and underscore ( _ ), the name is not case sensitive. For example, "Aaaaaaaaaaaaaaa" is treated the same as "aaaaaaaaaaaaaa."
・All BRC-20 assets on Fractal support fair issuance and self-issuance.
