Hello, I am Paul from Coinmanlabs, and today I want to talk to you about a project related to Unisat called Fractal Bitcoin.
Before discussing the project, I would like to introduce Unisat to everyone.
Ten People, Ten Billion
Since its inception, Bitcoin has been defined as "digital gold". Similar to gold, its main function is to store value. Although the concept of the Bitcoin ecosystem has long existed, the development of the Bitcoin ecosystem has been stagnant for more than a decade, until the emergence of Ordinals. Of course, Ordinals did not reach its peak as soon as it was born. It also experienced a period of decline. Few people discussed it, and most people in the market did not have much confidence in it, except for the Unisat team.
The first thing the Unisat team did was to create small images on BTC, and later moved their development center to the BRC-20 market. What really made them popular was the screenshot of Ordi's thousand-fold increase spreading in various WeChat groups.
I remember it was Labor Day in 2023, which completely changed the NFT ecosystem of BTC. Starting from April 28th, the news of "$ordi thousand-fold per capita" spread in major WeChat groups, followed by the appearance of $nals, $UTXO, $elon, and other tenfold opportunities. A large number of users FOMO entered the BRC-20 market, and within an afternoon, all WeChat groups related to BRC-20 were full. At that time, as the only on-chain BRC-20 token gateway, UniSat became the topic of discussion in the entire cryptocurrency circle. Perhaps even UniSat itself at that time did not expect that their market orders would cause a flood on the chain.
It can be said that the success of BRC-20 is inseparable from UniSat. They were the first ones to pave the way for more people to understand BRC-20.
Of course, the popularity of BRC-20 also rewarded the UniSat team. They attracted the attention of many institutions with their products and fees. At that time, there were rumors in the market that the UniSat team consisted of only 10 people, but some institutions were willing to acquire them for a valuation of 10 billion.
Q: What to do when the trend recedes?
Lorenzo, the founder of UniSat, also mentioned in an interview that the trend of BRC-20 will of course recede, but it could come back at any time. The trend has already formed, so they need to be prepared to embrace the next outbreak at any time. UniSat will improve user experience, protect user inscriptions securely, and also has new products in testing.
This statement was made during the BRC-20 trend, but let's see what they are preparing to do now.
Q: What else needs improvement?
If you participated in the previous inscription trend, you would have noticed that it was slow. At that time, it was jokingly said that the technical capability of a chain depends on whether it can withstand the "attack" of inscriptions.
Apart from being slow, it was also expensive. Many people had to learn how to modify the default Gas in order to inscribe on Bitcoin in a timely manner.
Fractal
Fractal is a concept in mathematics used to describe complex geometric shapes with self-similarity. Self-similarity means that a part of a shape is similar in structure to the whole, regardless of the scale at which it is observed. Fractal structures can be found widely in nature, such as snowflakes, coastlines, mountain ranges, trees, and lightning paths.
Fractal geometry was proposed by the French mathematician Benoît B. Mandelbrot in the 1970s. He studied many irregular shapes in nature and found that these shapes could be generated by simple recursive algorithms. The core idea of fractal geometry is to find inherent order and patterns in complex, irregular shapes.
In simple terms, we can understand fractals as a special type of geometric shape that looks almost the same no matter how much it is magnified, like an infinitely repeating pattern. This type of shape is common in both nature and mathematics.
For example, consider a tree. If you observe carefully, you will find that the structure of the tree branches is similar to the structure of the entire tree. Each branch looks like a small tree, with smaller branches on top, and these smaller branches look like even smaller trees. This is a natural example of a fractal.
In the case of the fractal tree in the above image: a tree trunk has two forks (0); each fork can be considered as a tree trunk, which then has two forks (1); similarly, each fork can be considered as a tree trunk, which then has two forks (2); this process continues, resulting in the image of a fractal tree. Each part of it is a smaller version of the whole, and is self-similar to the whole.
Similarly, a snowflake is also a fractal structure. Although each snowflake has a different shape, they all have a similar hexagonal structure, and the shape of each small branch is similar to the shape of the entire snowflake.
We have explained the meaning of Fractal, whose main characteristic is self-similarity. Now, let's connect Fractal Bitcoin and see if it means a "product" with high consistency and self-similarity to Bitcoin.
Fractal Bitcoin
Project website: Fractal Bitcoin
Twitter: Fractal Bitcoin
Project introduction: Fractal Bitcoin is the only recursive extension solution that uses the Bitcoin core code itself to expand infinitely on the world's most secure and highest-holding blockchain.
Project Analysis
From the official introduction, the main highlights of Fractal are: native, fast, dynamic expansion, consistency, and simpler cross-chain.
Q: What are some use cases of FRACTAL?
Stablecoins and other Bitcoin-native DeFi applications, Ordinals, large-scale games, and other applications can easily be supported on Fractal. All applications are fully compatible with the Bitcoin native ecosystem, as mentioned earlier.
Q: What makes Fractal Bitcoin different?
Fractal is a unique, Bitcoin core software-based recursive infinitely scalable framework. It is instantly fully compatible with Bitcoin and its infrastructure, supporting unprecedented internet-scale applications.
Q: What is the goal of FRACTAL?
Fractal aims to expand the functionality of Bitcoin as a native extension solution. Our core principle is to be an extension of Bitcoin, promoting its growth and adoption. It is primarily targeted at native Bitcoin solutions.
Q: What is the use of FRACTAL tokens?
The Fractal token is called FB (Fractal Bitcoin). It supports transaction fees, node and service access, project launchpad, Fractal top-level, and ecosystem management.
Q: Why is it called Fractal Bitcoin?
Fractal is a self-similar recursive property. We believe that the scalability of Bitcoin requires each layer to have the essence of fractals: all layers are consistent, and the more layers need to be scaled, the more reasonable the sequence. Essentially, this is the fractal nature of Bitcoin!
Consensus Mechanism
Fractal's consensus mechanism is proof of work, consistent with Bitcoin. Miners can use existing ASICs, GPUs, and other hardware devices to mine blocks.
Fractal uses an innovative mining method called Cadence Mining to balance the benefits of merged mining and permissionless mining.
For every three blocks mined, two blocks will be mined permissionlessly, and one block will be merged-mined. This preserves permissionless, free-to-use mining opportunities for the Fractal community, while leveraging the strong security of the Bitcoin main chain through merged mining.
As a native extension solution, Fractal enables secure asset transfers across various layers starting from the Bitcoin main chain.
Bitcoin, BRC-20, Ordinals, and other assets can be bridged through decentralized bridging. The underlying mechanism involves a dynamically replaceable rotating MPC signature mechanism, considering specific aspects of the BRC-20 standard.
Coinmanlabs' Thoughts
Unisat has had successful experiences and has been invested in by institutions such as OKX, so there is no need to worry too much about marketing and promotion, as seen in the recent Pizza incident.
During the BRC-20 trend, Unisat also withstood the pressure, indicating strong technical capabilities, which need not be questioned.
Unisat also anticipated the problems that arose during the BRC-20 trend and can provide the best solutions for these issues. Only when a product experiences pressure from thousands, millions, or even millions of people can unexpected problems arise. These problems are what some products cannot encounter or solve, and Unisat has experienced such situations, so the solutions provided are definitely addressing the pain points of the trend.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
