FRACTAL BITCOIN: In -depth research report

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Fractal Bitcoin was launched on September 9, 2024, which may represent another blind spot between the Eastern and Western encryption markets.Although Fractal has occupied a considerable part of Bitcoin’s computing power within a few days after its launch, Fractal is still relatively strange to many people in the global encrypted community.This study aims to reveal this innovative project that has quickly received attention in the Bitcoin ecosystem.

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Ecosystem integration: The key participants in Fractal successfully integrate the Bitcoin ecosystem, including BRC-20, Ordinals, and Runes communities, which led Fractal to the current Bitcoin trend.
Innovative mining method: Fractal introduced a mixed mining model, combined with combined mining and free mining.This model provides a new perspective for POW, which proves that even if the industry is inclined to POS, POW is still a stable network security method.
Bitcoin’s pilot network: Due to its compatibility with the Bitcoin main network, Fractal provides developers with a realistic test environment and valuable user data and activity insights.The activation of OP_CAT on Fractal marks the beginning of many expected experiments and consolidates Fractal as the role of potential Bitcoin upgrade and innovation test field.
Since the first day, he has a strong user base: By cooperating with OKX and UNISAT, Fractal successfully attracted the most active users of Bitcoin from the beginning.This early adoption of helping Fractal avoids the “cold start” problem that is common in new platforms.
Grassroots and community -oriented: Fractal maintains a pragmatic community -driven strategy to avoid excessive hype and institutional impact.This strategy of focusing on organic growth and participation is its core.

1. Introduction

Fractal Bitcoin is the only Bitcoin expansion solution that uses Bitcoin core code itself to recurs the infinite level, built on the safest and most widely held blockchain in the world.

To fully understand the innovation of Fractal, you need to understand the historical background of Bitcoin’s expansion discussion.In 2017, the SEGWIT soft fork aims to increase the block capacity of Bitcoin, and subsequent controversial Bitcoin Cash hard forks appear as another expansion method.Since 2018, more and more attention has shifted to the second -level solution, such as Lightning Network.In the process of continuously exploring Bitcoin scalability and functional enhancement, Fractal stands out as a new method and provides a unique perspective to deal with these long -term challenges.

As an important milestone, Fractal’s main network was officially launched at 00:00 on September 9, 2024.The launch has achieved significant success this time, showing the strong attraction and technical stability of the project.Within short 24 hours of the main network, Fractal’s joint mining has accounted for more than 40% of the total of Bitcoin, while the free mining on Fractal accounts for 2% of the Bitcoin computing power.In order to better understand these data, Fractal’s free mining computing power has exceeded three times the total power of Bitcoin Cash (BCH).The rapid adoption of this miner shows a high confidence in Fractal technology and its potential.

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The project attracted the participation of the main participants in the mining industry.Large mining pools such as F2Pool, AntPool and SpiderPool have added Fractal’s mining ecosystem.In addition, there are other well -known mining pools to participate, which shows that the interest of the Fractal mining network is increasing and has the potential to further expand.

2. Core concepts and technology

2.1 Native Bitcoin Extension

Fractal, as a native extension of Bitcoin, makes it different from other extension solutions.By using Bitcoin’s existing code library and modifying block production parameters, Fractal maintains complete compatibility with the Bitcoin main network to ensure seamless integration with existing infrastructure.This method has enhanced functional enhancement without affecting the core security model of Bitcoin, and has achieved a balance between innovation and maintaining the basic principles of Bitcoin.

2.2 Technical specifications

Fractal introduced several key technological innovation:

Block time: FRACTAL achieved a 30 -second block time. Compared with Bitcoin’s 10 -minute block time, this is a significant improvement.This faster block time can confirm the transaction faster and greatly enhance the user experience.In addition, it significantly increases the overall throughput of the network, and it may support a wider and complex application that requires high transaction volume.
Mining mechanism: FRACTAL uses a unique mixed mining method.In each three blocks, two are not required for mining, and the other is joint mining with Bitcoin.This innovation mechanism allows individual miners to participate freely in two -thirds of block production and encourage decentralization.At the same time, it uses each third block for joint mining, using the powerful computing power of Bitcoin to enhance security.This balance method is designed to maintain network security and decentralization, and inspire existing Bitcoin miners to support the Fractal network.
Scalability: FRACTAL’s architecture theoretically supports improvement of infinite layers.Each Fractal layer provides a 20 -fold capacity improvement compared to the Bitcoin main network.This means that the basic layer provides 20 times the capacity of Bitcoin, and the second layer will provide 400 times the capacity.This exponential scalability model allows Fractal to solve the problem of throughput of Bitcoin while maintaining basic security attributes.
Smart contract function: By implementing the OP_CAT operating code, Factal implements Turing’s complete smart contracts on a Bitcoin -based platform.OP_CAT is a simple connection operation, combined with other operating codes, which can achieve complex smart contract logic.This function provides possibilities for the advanced DEFI protocol, complex NFT mechanism, and other previously limited to the decentralized application of the Ethereum platform.
Parallel execution: Fractal’s architecture allows different applications to run its own instances, so that specific optimizations will not affect the entire network.For example, the game platform can run on a specially optimized Fractal layer for high -frequency and low -value transactions, while the DEFI protocol can use the independent layer of the parameter to perform financial operations.
compatibility: FRACTAL maintains 100% compatibility with Bitcoin standards (such as BRC-20 and Ordinals).This ensures that the existing Bitcoin tokens and NFT can run seamlessly.In addition, users can use the same address between Bitcoin’s main network and Fractal to simplify the error risk of user experience and reduce address management.

Lorenzo, the founder of Unisat and the core contributor of Fractal, outlined his vision when answering community questions.

2.3 Unique user experience

Unlike other Bitcoin Layer 2 solutions, the wallet address on Fractal is exactly the same as the main network address.This design provides convenience like Ethereum. Users only need to switch the network in Unisat or OKX wallets to access different layers.Different from other Bitcoin Layer 2 solutions that need to be separated by EVM wallet address, Fractal allows users to continue using the Bitcoin main network address during Layer 2 activities.As of now, the main wallets such as OKX wallets and Unisat wallets have served most active Bitcoin DEFI and collectible users, and fully support the Fractal Bitcoin.

3. The status of Fractal in the Bitcoin ecosystem

3.1 Comparison with other bitcoin solutions

Fractal entered a fierce competitive Bitcoin expansion solution market.The following is a comparison with some main replacement solutions:

EVM compatible Layer 2: Some projects try to create the second -level solution based on EVM for Bitcoin.Although these solutions are relatively easy to implement and start, they face major challenges in the acceptance of the Bitcoin community.Bitcoin ecosystems, especially its core users and developers, often regard these EVM compatible solutions as “suture monsters”.In contrast, Fractal adopts a Bitcoin native method to expand the ability of Bitcoin without introducing external architectures.This method may be more in line with the concept of Bitcoin pureist, and may achieve better integration and adoption in the existing Bitcoin ecosystem.
Bitcoin Cash (BCH): Bitcoin cash appears as a hard fork of Bitcoin, which aims to improve scalability through larger block size.This method has led to the differences in the Bitcoin community and forced users to make choices between two competing Bitcoin visions.BCH’s fork has triggered many political disputes, often covering the content of technical discussions.In contrast, Fractal has taken a fundamental different way.It does not create an independent chain or forced users to make a choice, but embrace Bitcoin as the main network and seek local expansion.Fractal’s architecture allows the creation of multiple instances to expand together. It may provide unlimited scalability without sacrificing the security or decentralization of the basic layer.
Lightning Network: Lightning network performs well in fast, low -cost payment and high privacy, but its smart contract function is limited and faces the problem of channel liquidity.In contrast, Fractal provides comprehensive smart contract support, does not require channel management, and provides a simpler user experience.

3.2 Market strategy and built -in user base

Fractal stands out in the field of competitive Layer 2, not only relying on technological innovation, but also gaining advantages through strategic market methods and strong built -in user bases.With the support of Unisat, Unisat is the leading Bitcoin wallet and has about 1 million active users a week, which enables Fractal to come into contact with the audience who have actively participated.

Many UNISAT users have held assets such as BRC20 token and Runes in their wallets.These users naturally hope to have a cheaper, faster, and more rich trading environment.FRACTAL can directly meet this demand, provide improved trading experience, while maintaining the familiarity and compatibility of the Bitcoin ecosystem that is used to these users.

This self -use user foundation has significant advantages in Fractal compared to other Layer 2 solutions and new blockchain platforms. These new projects usually face the problem of “cold start”, that is, attract initial user foundations from scratch and establish a network effect.Challenge.By using UNISAT’s existing user base, Fractal may bypass early obstacles.

In addition, Fractal’s strategy on growth index also makes it different from many other blockchain projects.Although many Layer 2 solutions and new blockchain regard the total locking value (TVL) as the core indicators, Fractal plans to use the number of transactions as its Arctic Star indicators.This strategy is in line with its own user foundation. When these users interact with existing assets on more efficient platforms, they are likely to naturally generate a lot of transactions naturally.

By focusing on transaction volume rather than tvl, FerTal can show real use and adoption, which may be more attractive to users and investors in the long run.This strategy also stood out of many projects with TVL numbers as the focus of competition.

4. Ecological system construction

Fractal’s ecosystem development strategy is committed to decentralization and community -driven growth.This section outlines Fractal’s strategies for building a strong and diversified ecosystem.

4.1 Decentralization concept

The core of the Fractal ecosystem construction is a firm commitment to decentralization.This concept is reflected in several key aspects:

Diversified cross -chain bridge solutions: Different from some Layer 2 solutions that depend on a single official bridge, Fractal encourages the main network and its network to adopt a variety of cross -chain bridge connection methods.This method reduces the risk of single -point failure and promotes cross -chain interactive innovation.
Open development environment: FRACTAL does not force the specific development framework or method to allow developers to freely innovate in the ecosystem.
Community -driven governance: The direction of the ecosystem is mainly determined by the community input and initiative, rather than the unilateral decision of the central authority.
Distributed infrastructure: FRACTAL promotes distributed infrastructure development, and encourage multi -party to participate in the construction of key components of ecosystems.

4.2 Start users and developers

Fractal has implemented a series of strategic plans to start the participation of users and developers:

User reward plan: After the main network is launched, Fractal distributed 1 million FB tokens from more than 100,000 addresses from OKX wallets and Unisat wallets.The participation of Fractal activities laid the foundation.
OKX wallet partnership: Successful cooperation with OKX wallets shows the ability of Fractal to cooperate with the main participants in the cryptocurrency field, which significantly expand its potential user base.
Developer incentive: Through various funding plans and developer resources, Fractal inspires developers to contribute to the growth of the ecosystem.

4.3 Funding Plan and Project Evaluation

Fractal’s funding plan aims to support and motivate projects that contribute to the growth of ecosystems and meet the concept of decentralization:

After -after retrospective mode: FRACTAL uses a retrospective funding method to reward according to the actual impact of the project instead of the case -like commitment.This model encourages high -quality work and substantial results.
Evaluation standard: Project evaluation standards include its contribution to the ecosystem, technological innovation, the degree of alignment of the principle of decentralization with Fractal, and the potential of long -term impact.
Diversity project type: The funding plan supports a wide range of projects from core infrastructure development to innovation of application layers to ensure comprehensive development ecosystem.

4.4 Promotion funding project

Through the Fractal’s funding plan, multiple key items have been supported:

scrypt: Enhance the Fractal script function and implement complex smart contracts on the Bitcoin network.
F2Pool: As the main mining pool, contribute to the security of Fractal and provide key feedback on mining functions.
Nubit: Development data availability (DA) layer, supports scalable applications, including Ordinals and Layer 2 solutions.
Detrading: Support cross -chain atomic exchange without central agencies or mortgages, simplifying unbelievable transactions on Fractal.
Uniworlds: Create an immersive environment on Fractal, and develop and build a community and game tool package that can communicate with the virtual world.
Fractalecosystem.io: A community -driven directory to display the Fractal project to enhance the transparency and detection of the ecosystem.

4.5 Future Outlook

Looking forward to the future, Fractal is expected to achieve sustainable growth and innovation of the ecosystem:

Expansion Funding Plan: The upcoming first -season funding plan (September 9th to October 9th, 2024) will accelerate the development of the ecosystem.
Community participation: The community reward and establishment of community committees launched in the fourth quarter of 2024 will deepen the community to participate in the direction of the ecosystem.
Potential case: Fractal’s architecture supports extensive future applications, including advanced DEFI protocols, enhanced NFT functions, corporate solutions, and decentralized identity systems.
Scalability infrastructure: With the development of the ecosystem, Fractal will continue to support the development of scalable infrastructure to adapt to growing online activities.
Cross -chain interoperability: Future development may focus on enhancing interoperability with other blockchain ecosystems and expand the influence and use of Fractal.

5. Tokens Economics and Economic Model

Fractal has designed a comprehensive token economic model to ensure long -term sustainability and maximize the value for communities and investors.This model inspires all participants in the ecosystem from miners to developers to jointly promote network growth and success.

5.1 Dynasties details

Name: FB (Fractal Bitcoin)
Maximum supply: 210 million pieces
Total supply: 105,153,225.00000000
Circulation supply: 1,213,225.00061300
Main use: trading fee (in the Fractal ecosystem)

Secondary use: voting, application

5.2 token distribution

Fractal’s token distribution strategy aims to promote network security, motivate growth, and reward key contributors in the entire ecosystem.The specific allocation is as follows:

Workload certificate (50%): 50% of the total supply is allocated to the workload certificate (POW) mining.This important allocation makes Fractal closely connects with Bitcoin’s security models to ensure network security and reliable block production.
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Ecological system reserve (15%): This part is used to invest in the Fractal ecosystem, to support and fund the improvement of the ecosystem, and provide funds for the continuous core improvement of Fractal.Within 10 years, up to 10%of the pool can be used each year.
Community reward (10%): Used to establish a partnership and liquidity plan.These community -led measures aims to increase network participation over time.Similar to the ecosystem reserve, the pool can be used up to 10%per year, for 10 years.
Pre -sale (5%): This part is allocated to early investors to pay initial development and operating costs, and conduct safety audit.These tokens have a seven -month lock -up period, and then release linearly until the end of the twelve months.
Advisory Chi (5%): Reserve to the current and future consultants, they will provide strategic suggestions and support for the continuous development of Fractal.Use up to 20%per year.
Core contributor (15%): It is assigned to persons who build and maintain the core software of Fractal.These tokens follow the same lock and release plan as pre -sale tokens.

5.3 Release and lock -up period

To ensure long -term commitments and make interests consistent:

The pre -sale and core contributors have seven months of locking period, and then the linear release is later released until the end of the twelve months.
The maximum release ratio of ecosystem reserve and community reward tokens within 10 years is 10%.
The maximum release percentage of the consultant tokens within 5 years is 20%.

5.4 Transparency and OP_CAT Governance Voting Mechanism

In order to achieve completely transparent, Fractal has announced the official address of each token distribution category, which can be tracked when the main network is launched.This transparency facilitates the distribution and use of community monitoring tokens.

In addition, Fractal encourages all users to participate in the continuous governance process and contribute the development of projects.The content of the proposal may include agreement upgrade, parameter adjustment, and the distribution decision of ecosystem reserve or community reward funds.This participation method aims to ensure that Fractal responds to community needs and meet changing market conditions.

The Fractal team plans to use the OP_CAT -based governance voting mechanism.This innovative method will be the first application in the Bitcoin field.By enabling OP_CAT, the Fractal token holders will vote directly in the Fractal ecosystem.

6. Team and partner

6.1 Core contributor

Fractal Bitcoin is built by an experienced team in the Bitcoin ecosystem:

Unisat: As a leading Bitcoin wallet, Unisat has more than 900,000 active users every week. It is rich in design, implementation and support Bitcoin standards (such as BRC-20 and Ordinals) and security management high-value digital assets in cryptocurrency application interface.experience.Their participation increased the credibility of the project and provided a large number of potential user bases for early adoption.
Block space force: The co -founder has successfully constructed and expanded world -class projects, such as Coinbase, CoinMarketcap and Cobo.They have decades of experience in the U.S. dollar A9 withdrawal and investing 100 times the project and developing the world’s most commonly used blockchain applications, which shows that they are expanding the blockchain project from the concept to large -scale adoption and cope with the cryptocurrency field.In terms of supervision challenges and management of investors’ relationships.

6.2 Developer platform partnership

Fractal is supported by the SCRYPT team. The team is using OP_CAT to build a smart contract metastrayside agreement on Bitcoin.This partnership may bring important synergy, including jointly developing advanced smart contract standards, sharing security audit, best practice, cross -platform promotion, and ecosystem construction.

7. Challenge and risk

Although Fractal proposed an innovative method for expanding Bitcoin functions, it also faces challenges that require potential investors and users:

ProgrammableIt is the main challenge facing Fractal.Because it is 100% compatible with Bitcoin’s main network, Fractal uses Bitcoin script to program, which may cause obstacles to the growth of ecosystem.To better understand this, according to Electric Capital developers, Bitcoin has 1,071 monthly active developers, while Ethereum has 7,864 monthly active developers.

Bitcoin Script is not as wide as popular languages such as Rust or Solidity, and it is more challenging to use, which may lead to a small number of developers.Fractal’s encoding threshold is high, and the function may not be as good as other blockchain, which may slow down the ecosystem expansion.In addition, compared with other blockchain environments, the development tools, libraries and frameworks of Bitcoin script are relatively immature, which may further hinder application development and deployment on Fractal.

Technical riskIt also constitutes a significant challenge.Modify the core parameters of Bitcoin and realize new functions such as OP_CAT, and there is a risk of introducing vulnerabilities or accidental consequences inherently.Management recursive expansion and multi -level complexity increased technological challenges.

RiskIt is another major challenge.Fractal may face the resistance of Bitcoin extremists, and they believe that any modification or expansion of Bitcoin is unnecessary or potentially harmful.Personation of users and developers from the established Layer 2 solution or other blockchain platforms to Fractal may be difficult, especially considering the network effects of these existing solutions.In addition, despite Fractal compatibility, Runes, Ordinals, and BRC-20 communities may not be willing to adopt the same standards.These communities have established their own ecosystems, and they may think that there is no enough incentive to move or expand to a new platform, even if it provides better performance.Fractal needs to clearly explain its value proposition and may provide significant incentive measures to promote the initial use of these user groups.The challenge lies not only to provide technical advantages, but also to overcome the inertia of the establishment of a community and its existing investment on the current platform.

In order to cope with these challenges, especially programmatic issues, Fractal may need to invest a lot in developer education, create strong development tools, and explore the development process moreEasy to use.

8. Conclusion

Fractal Bitcoin represents a breakthrough method to expand the Bitcoin function.As the only Bitcoin expansion solution that uses the Bitcoin Core code itself to expand unlimited layers of Bitcoin, Fractal provides unique value propositions in the fiercely competitive Layer 2 solution market.

The main advantages of FRACTAL include:

Native Bitcoin Integrated: FRACTAL maintains a complete compatibility with the Bitcoin’s main network, realize seamless integration with existing infrastructure, while enhancing its functions.
Technical innovation: With a 30 -second block time, mixed mining method, and support for OP_CAT, Fractal has significantly improved the transaction speed and implemented complex smart contracts on the platform based on Bitcoin.
Built -in user base: Fractal has a significant advantage in overcoming the “cold start” problem.With the support of the Unisat wallet, Fractal has the solid foundation of more than 1 million active users per week, and starts through the Fractal main network.Participating users.In addition, the comprehensive integration of the OKX wallet has further expanded the potential user base of Fractal in the OKX ecosystem.
Powerful mining and network security: Thirty-40% of Bitcoin computing power is obtained by joint mining, and 1-2% of Bitcoin computing power is obtained through free mining.
Development of ecosystems: Through strategic funding plans and community initiatives, Fractal is actively cultivating a variety of ecosystems covering DEFI, games and core infrastructure development.
Unique user experience: Fractal’s method allows users to use the same address between the Bitcoin main network and Fractal to provide a network switching experience similar to Ethereum.
Team with a long -term vision: Fractal’s core contributors have been constructed in the Bitcoin and encryption industries since 2013. This has helped the team adopt a longer -term industry perspective to push Fractal to a wider audience.

However, Fractal also faces some major challenges:

Programmable: Bitcoin script may constitute an obstacle to developers who are more familiar with Solidity or Rust.
Technical risk: Modify the core parameters of Bitcoin and realize new features such as OP_CAT. There are inherent risks.
Obstacle: Persucting users and developers from establishing a solution to Fractal may be challenging.

Despite the challenge, Fractal’s innovation methods, strong support and early mining adoption show huge potential.The project successfully attracted the major mining pools, and the computing power of rapid growth after launch was a particularly encouraging signal.

With the continuous development of the ecosystem, Fractal is positioning itself as a Bitcoin application platform that is innovative in various fields. It may reshape the effectiveness of Bitcoin and adopt the pattern.The planned OP_CAT -based governance voting mechanism further reflects the innovative commitment of Fractal in the Bitcoin ecosystem.

Although the road ahead is full of opportunities and challenges, Fractal Bitcoin represents a bold movement in the Bitcoin expansion journey.Its success may deeply affect the future of Bitcoin and blockchain ecosystems.Just like any emerging technologies, potential investors and users should carefully weigh the potential of the project and their risks, and pay close attention to their technical development, ecosystem growth, and market adoption.