1. What is Fractal Bitcoin?
To put it in one sentence, it is the side chain of Bitcoin POW. To be more specific, Bitcoin is a main chain, and the forked Bitcoin is a chain parallel to the main chain, and the two chains are connected by OPCAT technology.
2. Why does the market need Bitcoin bifurcation?
The current problem with Bitcoin is that the increase in transaction volume has led to longer transaction confirmation times and expensive handling fees. There are currently only two solutions in the market:
• Lightning Network
• Create a second layer to solve
Both solutions require additional infrastructure or complex operations to complete. The goal of the Bitcoin fork proposed by Unisats is to create an expansion solution that can be seamlessly integrated into the Bitcoin ecosystem. To put it bluntly, it does not require major changes to the Bitcoin core protocol (retaining the original foundation of Bitcoin) and can greatly improve network performance. This is exactly the most needed innovative product in the Bitcoin ecosystem.
3. New technologies adopted by the team
As for how the unisats team did it, I will just briefly touch upon some of it, because it is rather complicated and tedious. Mainly, their team used Bitcoin’s own core code to create a tree-like extension (Merkle tree), and used recursion to create an infinite extension layer to increase transaction speed, while retaining compatibility with the Bitcoin ecosystem.
The Bitcoin Fractal can enhance 4 parts:
✅ Block processing speed increased to 60 seconds
✅The processing power is 20 times that of the Bitcoin main chain
✅Compatible with Bitcoin wallet tools/mining equipment
✅All transactions can be traced to the Bitcoin main chain
4. Fractal Bitcoin’s Token Economic Model
50% - POW Mining
15% Ecosystem Treasury
5% - Pre-sale
5% - Advisor
15% - Core Contributors
10% - Community Grants
5. Talk about its shortcomings/concerns:
At present, the information disclosed by the team in the documents/official website of Fork-Bitcoin is too simple, and it does not mention the details of the operation of Fork-Bitcoin, nor does it introduce how to use Fork-Bitcoin.
And nearly 50% of the tokens are held by the unisats team, which brings pressure and concerns for subsequent selling.
6. How can retail investors participate in Fractal Bitcoin mining?
As mentioned above, mining has a token reward of nearly 50%, and there are currently two ways to participate in Fractal Bitcoin mining:
The first method is to buy a mining machine and mine by yourself, but this method is very troublesome, the conditions required are relatively high, and the competition is extremely fierce.
The second way is to look for some platforms on the market that provide computing power equipment. One of them I saw is BitTera_RWA. BitTera has received investment from the BTClayer2 Foundation.
They have currently launched several Fractal Bitcoin computing power NFTs, which means that you can mine by purchasing their NFTs. The computing power/price and annualized rate are marked on them. If you are interested, you can go and have a look. The first mine will officially start on September 9th.
Currently, their cheapest NFT price range is between 9u - 130u. The NFT's computing power/mining time varies at different prices.
(This article is only for scientific explanation and does not constitute investment advice)
