The hottest project in the Bitcoin ecosystem at the moment, could it be the last chance for a turnaround this year?
Byline: Viee, Core Contributor at Biteye
Edited by: Crush, Core Contributor at Biteye
In the Bitcoin ecosystem, a new wave of innovation is quietly emerging, with Fractal Bitcoin leading the way and bringing unprecedented scalability to the Bitcoin network! By introducing fractal layers, it not only improves transaction speed but also maintains compatibility with the Bitcoin main chain.
How did Fractal Bitcoin stand out in the fierce market competition and become the next breakthrough in the Bitcoin ecosystem? This article will introduce the core concepts, technical advantages, and future potential of Fractal Bitcoin, helping you quickly understand this project that could potentially change the game rules!
01 Introduction to Fractal Bitcoin: What is a fractal layer? How does it differ from L2?
Fractal Bitcoin, also known as Fractal Bitcoin, is an extension solution based on Bitcoin. It is jointly launched by well-known institutions such as Unisat team, BSF, Uniworlds, and Asset Bridge.
What is a fractal?
It refers to gradually expanding the Bitcoin blockchain by adding fractal layers to the Bitcoin main chain, transforming it into a scalable computing system while maintaining complete consistency with the Bitcoin main chain. We can liken this concept to a continuously growing tree.
The trunk of the tree is the Bitcoin main chain, while the branches and leaves represent the fractal layer. By adding these "branches" to the Bitcoin main chain, Fractal Bitcoin allows them to independently process transactions while maintaining close ties with the main chain, enabling the entire system to expand faster and more efficiently.
How does it differ from traditional Layer 2?
The key difference is that Fractal Bitcoin expands the network by adding fractal layers to the Bitcoin main chain, allowing the Bitcoin network to process more transactions without modifying the original code, while maintaining compatibility and security with the main chain.
In contrast, traditional Layer 2 establishes an independent network on the Bitcoin main chain, acting as an additional channel. Although it can also speed up transactions, it is usually more complex to use and may require cross-chain transactions.
In other words, Fractal Bitcoin will not compete with the liquidity of the Bitcoin mainnet.
02 Technical Advantages of Fractal Bitcoin: Why add fractal layers?
The main purpose is to maintain complete consistency with the Bitcoin main chain, improve transaction speed, and processing capacity, which brings us to the technical advantages of Fractal Bitcoin.👇
Fully compatible with the Bitcoin main chain: Fractal Bitcoin is the only native instant compatibility solution for Bitcoin, requiring no modification to the Bitcoin main chain. This means that existing wallets, tools, etc., can be used directly.
Efficient consensus mechanism: It adopts the same proof-of-work mechanism as Bitcoin, allowing miners to use existing ASICs, GPUs, and other devices for mining.
Recursive expansion structure: Fractal Bitcoin creates infinite expansion layers recursively, forming a tree-like structure, enabling each layer to further expand, significantly improving transaction processing capacity and speed. The transaction confirmation time is only 30 seconds, 20 times faster than the Bitcoin main chain.
Dynamic adjustment capability: Fractal Bitcoin can dynamically adjust the number of expansion layers based on network load, ensuring efficient operation without affecting the stability of the main chain.
Support for BRC-20 token standard: Tokens can be issued and traded on Fractal Bitcoin.
03 Overview of Fractal Bitcoin's Ecosystem Projects
DeFi
Motoswap @MotoswapBTC: A DEX built on the first layer of Bitcoin, similar to Uniswap.
Satspumpfun @Satspumpfun: A prediction market, similar to the Bitcoin version of pumpfun, allowing users to easily launch unregulated tokens and planning to airdrop BRC-20 tokens.
op.fun @opdotfun: Another prediction market, similar to the Bitcoin version of pumpfun.
NUSD @bamkfi: The Rune project $NUSD is considered the native Bitcoin dollar.
Infrastructure
OP_NET @opnetbtc: A first-layer smart contract meta-protocol for Bitcoin suitable for DeFi, tokens, NFTs, DAOs, etc.
Fractal-420 @Fractal_420: An open-source asset management protocol for Fractal Bitcoin.
InfinityAI @infinityai_labs: A Web3-based AIGC platform, the first AI project in the ecosystem, allowing users to create and tokenize content in the Bitcoin ecosystem.
UniWorlds @UniWorlds_io: A 3D content creation platform dedicated to providing virtual space construction functions on the Bitcoin network.
BtcTerminal @btcterminal: A comprehensive platform providing real-time market data analysis and trading tools.
Aletheias Agora @AletheiasAgora: The first prediction market on Bitcoin L1.
Ordinals NFT
honzomomo @honzomomo: Launched in September, the first Ordinals NFT on the Fractal network.
FRACTOPUS @fractacles
Fractal Punks @Fractal_Punks
Maneki on Fractal @manekionfractal
Picho by Rabeno @PichobyRabeno
Games
nodinoBtc @nodinoBtc
VNTG ROBOTS @vntgrobots
04 Current Stage and Prospects
The testnet of Fractal Bitcoin was launched in July 2023, and the mainnet is expected to be officially launched on September 1.
Fractal Bitcoin is backed by well-known institutions. Its technical feature of full compatibility with the Bitcoin main chain allows existing BTC users to seamlessly switch to Fractal Bitcoin, greatly improving user experience. Additionally, high transaction processing capacity and low transaction fees provide a foundation for large-scale applications.
In the future, with the addition of more high-quality projects, the application scenarios of Fractal Bitcoin will undoubtedly become more diverse, and the user base will continue to expand. Currently, it is still in a very early stage, so one can learn and seize early opportunities, such as participating in early airdrops for potential dividends.
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