Fractal Bitcoin, a Bitcoin Layer2 network, has recently become one of the hottest projects in the Bitcoin ecosystem. Just today (9), Fractal Bitcoin announced on Twitter that the Fractal Bitcoin mainnet has been launched and the Bootstrap airdrop plan has completed the first phase of distribution, and it is expected to distribute a total of 1 million $FB to eligible UniSat and OKX wallets.

Fractal Bitcoin, a Bitcoin Layer2 network developed by Bitcoin wallet Unisat, has recently become popular in the community and has become one of the hottest projects in the Bitcoin ecosystem.

Just yesterday, Fractal Bitcoin announced on Twitter that the Fractal Bitcoin mainnet has been launched. Users can use UniSat wallet and OKX wallet to self-host Fractal assets and fully support the Fractal mainnet.

However, according to UniSat Explorer, Bitcoin Ordinals transactions will not be enabled until block 21,000 (about 5 days and 12 hours later), and Runes transactions will not be enabled until block 84,000 (about 27 days and 9 hours later).

What is Fractal Bitcoin?

According to the official introduction, Fractal Bitcoin is a technology that enhances the functionality of the Bitcoin main chain by adding a fractal layer, allowing the Bitcoin network to process more transactions without changing its original code, ensuring network security and native compatibility. It is designed to increase transaction speed and processing power so that more DeFi activities can be carried out smoothly on the Bitcoin network.

According to the official website, Fractal Bitcoin features include:

• Native Scalability: Fractal Bitcoin leverages the Bitcoin Core code itself for recursive extensibility, ensuring consistent and unlimited scaling, as well as native support for current infrastructure (e.g. wallets).

• Fast confirmation: The confirmation time for each block is 30 seconds or less, which is much faster than the 10-minute confirmation time of the Bitcoin main chain, and the transaction processing capacity is 20 times that of the Bitcoin main chain.

• Dynamic expansion: In response to changes in demand, on-chain operations can be dynamically adjusted, acting as a dynamic "block space load balancer" to reduce congestion on specific layers.

• Consistency: Since each layer is self-replicated consistent with the main chain, on-chain consensus is retained and there is no risk of forking or fragmentation.

• Simplicity: Assets can be transferred directly from one layer to another without the need for additional relays.

In addition, the opcode OP_CAT, which was once disabled on the Bitcoin mainnet, will also be enabled on Fractal Bitcoin to implement Fractal Bitcoin's advanced smart contract functions.

In addition, it is worth noting that according to the official website, the consensus mechanism of Fractal Bitcoin is proof of work. Like Bitcoin, Fractal Bitcoin supports merged mining with Bitcoin, allowing miners to mine Fractal Bitcoin blocks while mining Bitcoin mainnet blocks. The block interval of merged mining is 90 seconds.

Miners can use existing ASICs, GPUs and other hardware devices to mine. The project uses an innovative mining method, Cadence Mining, to balance the benefits of merged mining and permissionless mining.

For every three blocks mined, two will be permissionless-mined and one will be merge-mined, preserving permissionless, freely available mining opportunities for the Fractal community while leveraging the strong security of the Bitcoin mainchain through merged mining.

$FB Token Economics

In addition, according to previous reports from the Dynamic Zone, the $FB token economics was released at the end of August, with a total supply of 210 million tokens, 80% of which were allocated to the community, and the remaining 20% ​​were allocated to the team and contributors (with a lock-up period). The specific details are as follows:

• Miners (50%): used for mining rewards and ensuring network security.

• Ecosystem Treasury (15%): Used to invest in the Fractal ecosystem, such as funding programs to improve the ecosystem and providing continuous core improvements to Fractal.

• Pre-sale (5%): Targeted at early investors and network participants. Note that pre-sale tokens are locked for seven months and then released linearly until the twelfth month.

• Advisors (5%): These people provide strategic advice and support.

• Community Grants (10%): used to build partnerships and liquidity programs.

• Core Contributors (15%): These people are responsible for building and maintaining the Fractal core software.

Allocate 1 million $FB to Unisat and OKX wallet users

On the other hand, Fractal Bitcoin also tweeted today that the first batch of rewards for the Fractal mainnet Bootstrap project has been successfully distributed, and airdrop rewards will continue to be distributed.

This Bootstrap plan will airdrop 1 million $FB in total, accounting for 0.47% of the total token supply. UniSat and OKX wallets will each distribute 500,000 to eligible users. The airdrop rules for UniSat and OKX wallet users are different. The airdrop rules for OKX wallets are as follows:

• Condition 1: As of 00:00 on September 1 (UTC+8), you hold more than 100 USD worth of BTC in the OKEx wallet, and have traded Ordinals, Runes, and Atomicals assets 3 times or more using the OKX Web3 market in the past 6 months.

• Condition 2: Rank in the top 5,000 in terms of BTC ecosystem activity on OKX Web3 Wallet.

The airdrop eligibility criteria for UniSat users are as follows, with snapshots taken over the past 90 days:

• You can get 5 FB by meeting any of the following conditions: trading more than 0.001 BTC on the UniSat market, or obtaining more than 10 UniSat points.

• You can get 10 FB by meeting any of the following conditions: holding a UniSat OG card, holding a UniSat Prime card, interacting in the BRC 20 swap on the mainnet early, holding 0.001 BTC on the Bitcoin mainnet, and holding 0.002 tFB on the Fractal testnet.

• You can get 15 FBs by meeting any of the following conditions: ranking in the top 5,000 in the UniSat market, ranking in the top 5,000 in UniSat points.

If we observe further, we can find that there is no explicit mention of airdrop in the $FB token economics in the previous chapter. The community speculates that airdrop programs like Bootstrap will be classified as community subsidies or ecological treasury as part of promoting the ecosystem and expanding the community.

#OpenSea收到韦尔斯通知 #美国经济软着陆？ #美国8月非农就业人数不及预期 #美国经济软着陆？ #美联储何时降息？