Original author: Koala, Mars Finance
Bitcoin led a rare wave of altcoin gains in August, ushering in a dynamic period for the entire crypto market. This round of gains was mainly driven by Bitcoin-related concepts. Investors' confidence in Bitcoin and its related ecology has increased significantly, leading to a series of Bitcoin-related tokens and projects gaining attention.
As the market further explores Bitcoin and its ecosystem, this round of market conditions is expected to bring opportunities for more innovative projects and provide new growth points for investors.
On August 27, Fractal Bitcoin, a Bitcoin extension network, posted on social media that it is expected to launch the mainnet on September 9. It also announced the token economics, with 80% allocated to the community and 20% to the team and contributors (with a lock-up period). Among them, POW mining accounts for 50%, the ecosystem treasury accounts for 15%, pre-sales account for 5%, consultants account for 5%, community grants account for 10%, and core contributors account for 15%.
What exactly is Fractal Bitcoin, which will be launched on the mainnet on September 9? Why is it worth paying attention to?
Learn about Fractal Bitcoin
Fractal Bitcoin is a Bitcoin scaling solution that can gradually expand the Bitcoin blockchain into a scalable computing system without breaking the consistency with the Bitcoin main chain. The birth of Fractal Bitcoin stems from the long-standing scalability problem of the Bitcoin network. With the widespread use of Bitcoin, the transaction volume of the network has surged, resulting in longer transaction confirmation times and higher handling fees. For many years, the Bitcoin community has been exploring solutions to this problem, such as second-layer solutions such as the Lightning Network. However, these methods usually require additional infrastructure or complex operations.
In this context, the UniSat team proposed the concept of Fractal Bitcoin, aiming to develop a scalable solution that does not require major modifications to the Bitcoin core protocol and can significantly improve network performance. Fractal Bitcoin's design is inspired by fractal geometry and works by recursively creating infinite scaling layers on the Bitcoin main chain to increase transaction processing power and speed while maintaining full compatibility with the existing Bitcoin ecosystem. The core idea is to use the Bitcoin core code to build a tree-like expansion structure, and each layer can be further expanded, thereby significantly improving the parallel processing capabilities of the entire network.
Fractal Bitcoin Features
According to the official white paper, Fractal Bitcoin improves transaction processing capacity and speed by recursively creating an infinite expansion layer on the BTC main chain using the BTC core code, while maintaining full compatibility with the existing Bitcoin ecosystem.
In short, Fractal is an extension of the BTC core code, with the following features:
1. Fast transaction speed: The block confirmation time of the Fractal network is about 30 seconds, and the transaction processing capacity is 20 times that of the BTC main chain.
2. Native compatibility: Fractal Bitcoin is developed based on the BTC core code, so it is fully compatible with existing Bitcoin wallets, tools and mining equipment.
3. Dynamic adjustment: The recursive system based on the BTC main chain can automatically adjust the number of extension layers according to the degree of network congestion.
4. Secure and traceable: All transactions conducted on the Fractal network can ultimately be traced back to the Bitcoin main chain.
Ecological projects worth noting
1. UniWorlds: Gaming Infrastructure Platform
A metaverse project built on Fractal Bitcoin that provides a customizable virtual space.
UniWorlds is a gaming infrastructure platform based on the Bitcoin ecosystem, using fractal Bitcoin technology. The platform provides a complete set of tools for developing and managing mobile games and gamification environments, including: 1. UniWorlds Studio/Game Engine; 2. Module Library; 3. Fragments/Space; 4. Uniworlds Marketplace.
UniWorlds aims to bring more real-world interactions and applications into the Bitcoin ecosystem. For Web2 developers, UniWorlds provides a direct way to reach Web3 audiences. At the same time, Web3 communities can also use the platform's game creation tools to increase the utility of their tokens and attract more users in a cost-effective way.
2. InfinityAI: AIGC platform
InfinityAI is a decentralized AIGC (Artificial Intelligence Generated Content) infrastructure based on Web3 AI tools, built on the Bitcoin Layer2 network. It allows users to become content creators in the Bitcoin ecosystem and tokenize their creations using AI tools in a community-driven manner.
On August 12, the project announced the official launch of testing and incentive activities on the Fractal Bitcoin testnet. Users can earn points by visiting the official website and completing social tasks, daily check-ins, and inviting new users. The official clearly stated that participants will have the opportunity to receive airdrop rewards. Currently, InfinityAI is one of the few projects that can be experienced on the Fractal Bitcoin testnet. Due to the promotion of airdrop incentives, the demand for tokens on the Fractal Bitcoin testnet has increased significantly and supply is in short supply.
3. Satspumpfun: MeMeCoin issuance platform
SatsPump.Fun is a utility token and memecoin issuance platform that leverages Fractal Bitcoin’s advanced technology to provide secure, simple, fast, reliable, and scalable token issuance through community-driven liquidity pools.
Satspump.fun is a project positioned as a Bitcoin Meme Launch platform, dedicated to allowing users to easily issue Meme coins on Fractal Bitcoin without any threshold. The platform is supported by Fractal Bitcoin and strictly stipulates that all projects issued on the platform are issued fairly, without pre-sales and team reservations. Its goal is to allow users to experience token issuance and trading processes similar to Solana and other EVM chains in the Bitcoin ecosystem.
4. Motoswap: Fractal Bitcoin on-chain DEX project
Motoswap is a DEX supported by OP_NET, a recently launched Bitcoin layer 1 smart contract meta-protocol developed by the CBRC 20 protocol team. Therefore, Motoswap was originally a DEX that supported CBRC 20 tokens.
On August 12, OP_NET officially announced that it had deployed Motoswap on the Fractal Bitcoin testnet, making Motoswap the first DEX on the Fractal Bitcoin testnet.
Motoswap has previously airdropped the CBRC 20 token MOTO to BRC 20 token oshi holders, but with the decline of the CBRC 20 protocol, MOTO's subsequent performance has not been good.
5. VNTG ROBOTS: Robot Battle Game
VNTG ROBOTS is a robot combat game set in 1945 Japan.
The project’s first tweet was on April 16 this year, and on August 17, it announced its move into the Fractal Bitcoin ecosystem, becoming the first play-to-earn game project. Currently, there is no actual demo video of the game.
in conclusion
Fractal Bitcoin significantly improves the network transaction efficiency of the Bitcoin network through its innovative recursive expansion layer structure. In addition, Fractal Bitcoin provides developers with a vast space for innovation. Due to its high compatibility with the Bitcoin Core code, developers can explore new possibilities within a familiar technical framework, thereby promoting further innovation and development of the entire Bitcoin ecosystem.
Returning to the project itself, whether from the perspective of project concept or implementation mechanism, it seems that Fractal, which has always insisted on "orthodox expansion" based on the BTC main chain, has indeed used creative mechanisms to achieve the native expansion of BTC.
Future widespread adoption, long-term verification of security, and integration with the existing BTC ecosystem will all require continuous self-iteration and the test of time. I hope Fractal can remain consistent and persist in the impetuous world of encryption.