TL;DR
- Fractal Bitcoin Mainnet Launch: Fractal Bitcoin, supported by UniSat, has launched its mainnet, enhancing Bitcoin’s transaction capabilities by integrating directly with the Bitcoin Core codebase.
- Innovative Features: The network uses the OP_CAT opcode for faster block confirmation times (under 30 seconds) and introduces “Cadence Mining” for improved security, supporting applications like DeFi and NFTs.
- Future Prospects: Fractal plans to launch a voting platform for governance and has opened applications for Season 1 Grants, aiming to foster rapid ecosystem growth.
Fractal Bitcoin, a new Bitcoin scaling solution supported by UniSat, has officially launched its mainnet. This innovative project aims to enhance Bitcoin’s transaction capabilities while staying true to its original framework by working directly on the Bitcoin Core codebase.
🚀 The Fractal Mainnet is LIVE! 🚀
We’re thrilled to announce that Fractal’s first block has been mined, marking the beginning of a new era for scaling Bitcoin natively. 🌐 Fractal’s genesis block carries the same message as Bitcoin's: "The Times 03/Jan/2009 Chancellor on brink… pic.twitter.com/YtjGG47Z7a
— Fractal Bitcoin (@fractal_bitcoin) September 9, 2024
Fractal Bitcoin: A Bitcoin-Native Approach
Fractal Bitcoin distinguishes itself from other scaling solutions by integrating directly with Bitcoin’s infrastructure. Unlike many projects that rely on compatibility with Ethereum Virtual Machine (EVM), Fractal leverages the OP_CAT opcode to expand Bitcoin’s functionality.
This approach allows for block confirmation times of under 30 seconds, significantly faster than Bitcoin’s base layer. The network features a recursive layering structure, supporting a 20-fold increase in capacity per layer.
This design caters to various applications, from DeFi to NFTs. Additionally, Fractal introduces a new mining structure called “Cadence Mining,” which combines permissionless mining with merged mining with Bitcoin, enhancing the network’s overall security.
The Genesis Block and Token Launch
Fractal’s mainnet debut also saw the release of its native token, FB, with a total supply of 210 million tokens. The genesis block of Fractal echoes the same sentiment as Bitcoin’s, featuring the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
This symbolic gesture underscores Fractal’s commitment to Bitcoin’s original ethos. Users can manage Fractal assets through UniSat Wallet and OKX Wallet, both of which support the mainnet.
These wallets empower users to retain authority over their digital assets, while transaction information can be confirmed using Mempool Explorer, UniSat Explorer, and OKLink. With over 100 projects already preparing to launch on Fractal, the ecosystem is poised for rapid growth across various sectors, including DeFi, NFTs, and gaming.
Future Prospects
Fractal Bitcoin is gearing up to introduce a voting platform powered by OP_CAT, enabling FB holders to engage in governance choices. Furthermore, the scaling solution provider has begun accepting applications for Season 1 Grants, which will be available from September 9 to October 9, 2024.
Fractal Bitcoin’s mainnet launch marks a significant milestone in the quest for scalable Bitcoin solutions. By staying true to Bitcoin’s core principles while introducing innovative features, Fractal aims to offer a robust and efficient platform for the future of decentralized applications.
