jakiro
Author: mononaut, founder of mempool; compiled by: 0xjs@bitchain Vision
Fractal Bitcoin launched its mainnet on September 9.
Fractal Bitcoin appears to be a hastily cloned copy of Bitcoin Core v24.0.1, with some consensus tweaks and stealing some code from Namecoin and Bitcoin cash.
Fractal Bitcoin also starts with a large and immediately available 50% pre-mining.
Key changes in Fractal Bitcoin
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A mix of standard PoW and merged mining blocks;
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30 seconds target block time;
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Continuous difficulty adjustment, copy from Bitcoin cash;
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The maximum supply is 210 million;
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The initial block reward for each block is 25 tokens;
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halved per 2.1 million blocks;
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OP_CAT is activated.
Please note that pre-mining accounts for 50% of Fractal Bitcoin’s complete dilution supply.
If everything goes as planned,It takes a full two years for miners to barely get half of their own rewards on the first day of their founding team.
There are a lot of meaningless technical terms about “virtualization” and “recursive” and “hierarchical extensions” in the Fractal Bitcoin Lite White Paper, but there is little similarity in actual implementations.As far as I know, this is just another shitfork.
Fractal BitcoinNot Layer 2, nor is it an extension of Bitcoin
Netizen Gringo HodL said:I thought it wasn’t a Layer 2 or a fork at all, but an extension of Bitcoin?In addition, didn’t Satoshi Nakamoto make OP_CAT himself, but it was not available until Fractal Bitcoin was deployed?I’m not a technician, but there are a lot of technicians on the UniSat team who have done amazing things with Bitcoin.I’ll give Fractal Bitcoin a chance
Mononaut replied:Fractal Bitcoin is neither Layer 2 nor Bitcoin’s extension.It is a completely independent blockchain that is a fork that runs the core code base of Bitcoin.
OP_DOG | BIP-119 indicates:This is the Layer 1.5 that can kill BIP-420.The idea of Layer 1.5 is that assets on the Bitcoin mainnet remain on Fractalnet and vice versa, so it helps to scale Bitcoin like “Layer 2”, but unlike Lighting’s scaling solution, it uses the same Bitcoin address,.
Mononaut replied: In any sense, it is not a Bitcoin layer.
This is certainly hinted in the Fractal Bitcoin marketing material, but nothing like this is actually implemented in the Fractal Bitcoin code.To be honest, this is understandable becauseIt is technically impossible to transfer existing UTXO-based assets between unrelated blockchains.
