The Bitcoin expansion network Fractal Bitcoin announced on Twitter yesterday that the mainnet will be launched on September 9, 2024, and will support cross-chain bridges, multiple wallets and protocols.
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Fractal: Bitcoin scaling solution powered by UniSat
As a Bitcoin expansion solution spearheaded by Bitcoin wallet provider UniSat, Fractal aims to improve the transaction processing capabilities and speed of the Bitcoin network through its unique tree-like expansion structure, while maintaining complete integration with the Bitcoin ecosystem. Compatibility without requiring major modifications to the Bitcoin Core protocol.
It is reported that Fractal improves the parallel processing capabilities of the network by creating unlimited expansion layers on the Bitcoin main chain through recursion, and uses the same proof-of-work (PoW) consensus mechanism of Bitcoin to allow BTC miners to Can use existing hardware for mining.
Currently, Fractal is in the testnet stage. Users can participate in the Fractal network by receiving test tokens through the official Faucet website or conducting testnet mining.
Fractal mainnet is about to be launched
The Fractal team stated this morning that the Fractal mainnet is expected to be officially launched on September 9, 2024.
$FB Token Economy
Official documents show that Fractal’s token (FB) distribution aims to achieve transparent and efficient on-chain governance and ensure that every participant in the ecosystem, from miners to developers, has a positive contribution to the growth and success of the network. vested interests.
Simply put, the total number of tokens issued is 210 million, and the specific distribution is:
POW mining: 50% (for miner rewards)
Core team and consultants: 20% (for Fractal team and strategic consultants)
Safe: 15%
Community Reward: 10% (for establishing partnerships and liquidity plans)
Pre-sale: 5% (obtained by investors and online participants, 7 months before lock-up, linear unlocking from 8 to 12 months)
It is reported that the token will be used to pay transaction fees, operate nodes and services, and ecosystem management, etc.:
80% of all tokens are allocated to the community, and only 20% are allocated to the team and contributors through a lock-up period mechanism to ensure subsequent support and stability.
BRC-20 rules will be used after the mainnet goes online
Next, the BRC-20 token mechanism of the original test network will be launched when the Fractal main network block height is 21,000 (estimated to be September 16), and its issuance name restrictions and character rules are roughly the same as those of the test network. Avoid conflicts with existing assets on the Bitcoin mainnet:
Token code name restrictions: Token codes and names will be limited to 6 to 12 bytes to avoid conflict with the 4 or 5 bytes on the Bitcoin mainnet.
Codename character rules: Codename names can include uppercase and lowercase letters, numbers, and underscores. A total of 63 characters are available, and codename names are not case-sensitive.
Supports fair issuance and self-issuance: BRC-20 assets on Fractal support fair issuance and self-issuance.
PizzaSwap launches testnet
The team also announced that "PizzaSwap", originally called "Fractal Swap" by UniSat, will be launched on the Fractal testnet this week, providing native test asset exchange opportunities and is expected to provide better liquidity for future ecological projects after the mainnet is launched. sex.
Fractal cross-chain bridge enabled
In addition, after PizzaSwap is launched, Fractal will also begin testing an embedded mini asset cross-chain bridge (Embedded Mini Asset Bridge), allowing users to transfer BTC and other assets between the Bitcoin network and the Fractal side chain.
At the same time, Bool Bridge built by Bool Network will also run on the testnet before the Fractal mainnet goes online, and other cross-chain solutions are also being developed and tested.
Expanded wallet, protocol and application support
In terms of wallets, Fractal revealed that it is working with multiple wallet providers including UniSat Wallet. In terms of support rate, Fractal will support token mechanisms and protocols such as BRC-20 and Runes, and is ready to welcome the arrival of the native Fractal protocol.
In addition, more technical optimization and integration with other BTC L2 are also underway to lead more applications into the Fractal ecosystem.
This article Bitcoin expansion network Fractal Bitcoin mainnet will be launched in September, and 80% of the tokens will be allocated to the community. First appeared on Chain News ABMedia.
