In September, the new world of BTC, the Maodang Studio enters the market. This article will take you to understand Fractal Bitcoin in depth.
Knowing yourself and your enemy can make you a lot of money
Whatever we do, we must understand the depth, plan the deployment, clarify the goals, plan the methods, and we should be familiar with the narrative of Fractal Bitcoin!
🟫 Fractal Bitcoin’s Potential
◽️Fractal Bitcoin is a collaboration between the Unisat team, BSF, Uniworlds and Asset Bridge.
Unisat previously announced their partnership with @Binance (investment from Binance’s incubator @BinanceLabs), so Fractal Bitcoin is likely closely related to Binance.
OKX will also support Fractal
🟫 What is Fractal Bitcoin
◽️Faractal bitcoin emphasizes the philosophy that Tao gives birth to one, one gives birth to two, two gives birth to three, and three gives birth to all things. That is, without changing the core, virtualization is used to expand the capacity of Bitcoin.
To put it simply, it is to create additional, unlimited channels on top of the Bitcoin lane, and these channels are faster and can handle 20 times more txn than the main chain.
These channels will be flexibly adjusted according to the congestion level of the main chain. When more txns need to be confirmed, more channels will be created. Otherwise, the number of channels will be reduced or even closed.
At the same time, since it uses the Bitcoin Core code, it is also compatible with existing Bitcoin wallets, tools, miners, etc., allowing new applications (DeFi, games, etc.) and tokens to work with Bitcoin. Each new layer works with the main chain, so the transactions conducted can be traced back to the Bitcoin main chain.
🟫 Where is Fractal Bitcoin's innovation?
◽️ As we all know, the Bitcoin blockchain has a limited number of transactions that can be processed. Each transaction is like a vehicle traveling on a separate lane/road (such as L2s/sidechain). When there are too many transactions and the traffic volume increases dramatically, the speed of passage slows down sharply and the fees soar.
◽️ Faractal not only effectively solves the problem of limited number of transactions processed by Bitcoin blockchain (perhaps it can reduce unnecessary waste and inconvenience caused by splitting UTXO), but also further improves the use efficiency of participants
- Native: uses Bitcoin Core code - Compatibility with existing ecosystem
- Speed: Block confirmation in ~30 seconds or less (20x increase in capacity)
- New possibilities: DeFi, big games, stablecoins...
- Ordinal/BRC20/Rune compatibility, security is continuously guaranteed
◽️ Miners’ income is improved
Faractal uses the same p0w track as the mainnet BTC, which means miners can participate in mining without adding new equipment;
At the same time, it also has a new mining method called Cadence Mining that is not available on the main network, which is used to balance merged mining and permissionless mining.
That is, for every block mined, 2/3 of the blocks allow anyone with the right tools and hardware to mine fractal blocks, and 1/3 of the blocks allow both Bitcoin blocks and fractal blocks to be mined without any additional computing work, which also means that Bitcoin miners will receive more additional rewards.
