Author: Daniel Li

As the Bitcoin network continues to evolve, its scalability issues have always been a hot topic of concern in the community. From Segregated Witness to Bitcoin Cash, and then to second-layer solutions like the Lightning Network, the road to Bitcoin's expansion is full of exploration and challenges. Among these numerous expansion solutions, Fractal Bitcoin, with its unique innovation, has quickly gained attention and become the hottest Bitcoin expansion solution at present.

As a native Bitcoin expansion solution, Fractal Bitcoin utilizes Bitcoin Core code to implement recursive virtualization, not only maintaining full compatibility with the existing Bitcoin ecosystem but also achieving infinite scalability. This breakthrough technology enables Bitcoin to expand across infinite layers on the world's most secure and trusted blockchain, while also making it possible for the vigorous development of complex decentralized applications and high-capacity transactions.

However, behind the popularity of Fractal Bitcoin, there have also been some doubts. Fractal Bitcoin, developed by a Chinese team, directly relies on Bitcoin Core code for its core technology, and a considerable portion of the code comes from Namecoin and Bitcoin Cash. Therefore, Fractal Bitcoin has been considered a "clone" of Bitcoin Core v24.0.1, leading to doubts about the long-term viability of the project among investors. Nevertheless, Fractal Bitcoin has reproduced the fervor of the initial BRC20, and whether this fervor will ultimately result in substantial value or disappointment remains to be verified over time.

01 Fractal Bitcoin: Joint Efforts Reignite the BTC Ecosystem

Fractal Bitcoin is an innovative Layer 1 solution designed to expand the Bitcoin network, developed by the Unisat team. Unisat, established in 2022, focuses on the development of the Bitcoin ecosystem, with its core product being a popular browser extension wallet. With outstanding performance, Unisat has successfully completed multiple rounds of financing from well-known institutions such as Binance and OKX Ventures, accumulating over 900,000 weekly active users. Based in Hong Kong, Unisat is also hailed as a shining star in the Chinese Bitcoin ecosystem.

Within the Bitcoin ecosystem, Unisat's wallet was once the mainstream choice, but it unfortunately missed the opportunity for development with the advent of the era of inscriptions. This allowed some later-established wallets, such as XVerse and Nunchuk, to rise rapidly and dominate the market. Faced with this challenge, the Unisat team did not give up but instead decided to launch the innovative project, Fractal Bitcoin.

Fractal Bitcoin was jointly launched by the Unisat team, BSF, Uniworlds, and AssetBridge, and has a partnership with Binance's incubator, BinanceLabs. This means that Fractal Bitcoin has a very close connection with Binance. Additionally, OKX has also collaborated with Fractal Bitcoin to launch activities related to the FB token. With the support of these two major exchanges and Unisat's large user base, Fractal Bitcoin attracted significant attention from users shortly after its mainnet was launched on September 9, 2024.

As of now, Fractal Bitcoin has attracted over 1 million weekly active users, with over 100,000 active addresses holding the FB token. The price of FB has surged to as high as $38.8. Furthermore, Fractal Bitcoin's innovative mining model has also attracted a large number of miners and retail participants, with the platform's total computing power surpassing 241EH, accounting for 38.1% of the entire Bitcoin network's computing power, demonstrating its popularity.

The collective efforts of various parties undoubtedly played a crucial role in driving the widespread popularity of Fractal Bitcoin in a short period. In the context of the market being in a bearish phase in the short term, a project that can trigger FOMO sentiment across the entire market has undoubtedly become a coveted opportunity for investors. For mining equipment manufacturers and miners, the emergence of Fractal Bitcoin is undoubtedly a huge boon. They actively participate, injecting strong computing power support into the network. With this advantage, $FB can achieve simultaneous mining during the Bitcoin dual mining process, bringing substantial returns to large mining pools. This additional source of income is naturally beneficial for mining equipment manufacturers and miners.

Furthermore, Fractal Bitcoin has brought new development opportunities for exchanges and decentralized exchanges (DEX). Some exchanges have the opportunity to achieve business transformation and upgrades, or even a revival, through their support for Fractal trading. For example, some struggling exchanges such as dotswap and coinex may experience a revival through supporting Fractal trading. Well-known exchanges like Gate are also set to open trading for $FB, further enhancing the market influence of Fractal Bitcoin.

More significantly, the inscription market has also regained vitality due to the popularity of Fractal Bitcoin. The active trading of the ecosystem token CAT has led to a resurgence in gas fees, and the myth of sudden wealth has once again unfolded. This trend once again confirms the core position of liquidity and innovation speed in the blockchain field. Through providing efficient transaction speed and an innovative ecosystem, Fractal Bitcoin has successfully attracted a large number of users and projects, thereby driving the sustained prosperity of the market. It can be said that the vigorous development of Fractal Bitcoin not only reignites the innovative vitality of the BTC ecosystem but also brings unprecedented new opportunities for the upstream and downstream ecosystem, including miners, mining equipment manufacturers, DEX, and exchanges, in this thriving and symbiotic blockchain ecosystem. Each party can find its position and achieve mutual benefit.

02 Fractal Bitcoin: Building an Infinitely Scalable Bitcoin High-Speed Highway

As a native Bitcoin expansion solution, the core idea of Fractal Bitcoin is to use Bitcoin Core code to build a tree-like expansion structure, where each layer can be further expanded, significantly enhancing the parallel processing capabilities of the entire network. Compared to layer 2 solutions that require building separate frameworks to achieve scalability, Fractal Bitcoin's approach is undoubtedly simpler.

To achieve the goal of scalability, Fractal Bitcoin introduces the concept of "fractals." In geometry, fractals refer to patterns that replicate and mimic shapes similar to the original shape, while preserving their key properties. Drawing on this idea, the UniSat team proposes encapsulating the core Bitcoin code to create embeddable network expansion layers. This expansion network is recursively linked to the main Bitcoin network, allowing each application to run independently and ultimately feedback to the main network. This design enables the entire network to process more transactions, with no interference between layers, greatly enhancing the network's parallel processing capabilities.

Imagine the Bitcoin network as a crowded city street, and Fractal Bitcoin has opened up new channels for it, which are not only connected to the main street but also interconnected, forming a complex yet orderly traffic network. In such a network, vehicles (i.e., transactions) can travel more smoothly, no longer limited to a single channel.

The technical advantages of Fractal Bitcoin are mainly reflected in the following aspects:

Native Compatibility: Seamless Integration into the Bitcoin Ecosystem

For any new technology, compatibility is one of the key factors for its successful promotion. Fractal Bitcoin is well aware of this, so it fully considered compatibility with the Bitcoin mainnet from the beginning of its design. Whether it's wallets, tools, or mining equipment, users can easily access the Fractal Bitcoin network without any modifications. This native compatibility greatly reduces the user's usage threshold, allowing Fractal Bitcoin to seamlessly integrate into the Bitcoin ecosystem and become an indispensable part of it.

Fast Transactions: Reshaping the Bitcoin Transaction Experience

In terms of transaction speed, Fractal Bitcoin has demonstrated remarkable strength. Its block confirmation time is only 30 seconds, while the Bitcoin mainnet requires about 10 minutes. This means that transactions on Fractal Bitcoin can be confirmed almost immediately, greatly reducing the user's waiting time. At the same time, its transaction processing capacity is more than 20 times that of the Bitcoin mainnet, allowing Fractal Bitcoin to maintain a smooth transaction experience even during peak periods, no longer causing users to suffer from network congestion.

Dynamic Adjustment: Intelligent Response to Network Fluctuations

Network congestion is a dynamic process, sometimes severe and sometimes mild. To address this fluctuation, Fractal Bitcoin has designed a dynamic adjustment mechanism. When network congestion intensifies, it automatically increases the number of expansion layers to disperse transaction pressure. When the network becomes smooth, it reduces the expansion layers to save resources. This intelligent adjustment mechanism ensures that the Fractal Bitcoin network always maintains the best state, providing users with stable and efficient transaction services.

Security Guarantee: Building an Indestructible Foundation of Trust

In the field of digital currency, security is one of the most concerning issues for users. Fractal Bitcoin is well aware of this, so it prioritized security from the beginning of its design. Every transaction on Fractal can ultimately be traced back to the Bitcoin main chain, ensuring the security and verifiability of each transaction.

Restart of OP_CAT: Opening a New Chapter for Smart Contracts

Fractal Bitcoin has also reactivated the critical function OPCAT. OPCAT is one of the important tools for implementing smart contracts on the Bitcoin main chain, but it was deprecated in the past for various reasons. Fractal Bitcoin reintroduces and optimizes it, allowing not only simple transaction operations but also more complex smart contract applications on Fractal Bitcoin.

Fractal Bitcoin, as a reconstruction and expansion solution for Bitcoin, has always adhered to the principle of "orthodox expansion" based on the BTC main chain in its project concept and implementation mechanism. Indeed, with its unique innovative mechanism, Fractal Bitcoin has successfully achieved the reconstruction and expansion of BTC, an achievement worthy of praise. However, fundamentally, it is still a fork version based on BitcoinCore v24.0.1. Based on historical experience, most fork projects often encounter issues such as user attrition and declining market attention after the initial hype. Therefore, for Fractal Bitcoin, whether it can maintain its current popularity and attention after fully exploiting short-term economic benefits is a key factor that investors need to carefully evaluate.

03 Inventory of Fractal Bitcoin Ecosystem Projects

Since the launch of the Fractal Bitcoin mainnet, ecosystem projects have emerged like a tide, attracting widespread attention and participation. First, FLUX, claiming to be the first token protocol of Fractal, suddenly appeared, with its price rising by over 300% in a short period. Subsequently, the emerging CAT protocol quickly rose to prominence, quickly occupying both the public opinion and market. Despite facing some controversy, the emergence of new ecosystem projects has brought real traffic and vitality to Fractal. Here are a few noteworthy ecosystem projects within Fractal.

1. Pizza: Meme Coin in the Fractal Bitcoin Ecosystem

Pizza is a carefully crafted inscription project by Unisat, which conducted an airdrop activity to eligible active addresses on May 22, 2023, the special occasion of Bitcoin Pizza Day. PIZZA is not only a meme project officially launched by Unisat but also noteworthy for its unique dual attributes: on the one hand, it exhibits typical meme coin characteristics, full of fun and topicality; on the other hand, as Unisat ventures into more financial fields, PIZZA presents VC coin traits, combining investment potential and value.

High-quality meme coins often occupy a place in the public chain market value, especially meme coins in the strict sense, such as SHIB on Ethereum and WIF on Solana, whose market value can even reach an astonishing 5%. PIZZA's uniqueness as a meme coin is particularly prominent, and with the continued rise in popularity of Fractal Bitcoin, it has also brought new development opportunities. Currently, PIZZA has successfully launched on exchanges such as BingX and Gate, but has not yet landed on high-liquidity exchanges such as OKX, Bybit, and Binance. Therefore, the future market performance and potential opportunities of PIZZA are highly anticipated and worth the attention of investors and enthusiasts.

2. Honzomomo: The First NFT on Fractal Bitcoin

Honzomomo is the first Ordinals NFT series in the Fractal Bitcoin ecosystem, utilizing the Ordinals technology of the Bitcoin blockchain for NFT creation and trading. Honzomomo aims to be a key member of the Bitcoin ecosystem, especially on the Fractal platform. Since its launch, Honzomomo has conducted various cooperation and giveaway activities to expand its influence and user base, actively responding to community feedback and emphasizing attention to community needs. These measures not only enhance user participation but also the status within the Bitcoin and Fractal community.

Currently, Honzomomo has accumulated considerable influence within the Bitcoin and Fractal community, and its innovative NFT issuance model has sparked the interest of many projects. The project team emphasizes community interaction, frequently sharing collaboration dynamics with other organizations, and reminding community members to pay attention. As a project in its early stages, Honzomomo demonstrates the enormous potential of emerging assets in the Fractal Bitcoin ecosystem, attracting the attention of many early investors.

3. UniWorlds: Metaverse Project on Fractal Bitcoin

UniWorlds is a key metaverse project in the Fractal Bitcoin ecosystem, providing users with game infrastructure based on the Bitcoin network. It offers 3D creation engines, module libraries, and decentralized market tools to simplify game development and help Web2 developers transition to Web3. Through UniWorlds Studio, users can build virtual spaces and create on-chain identities. Its rich module library allows developers to efficiently drag and drop characters, scenes, etc., and all modules are on-chain assets that can be traded in the market, ensuring ownership and scarcity.

UniWorlds aims to create a community-driven gaming world, utilizing the scalability of Fractal Bitcoin to decentralize user participation in game creation, operation, and platform decision-making. The project's goal is to migrate real-world interactions to the Bitcoin network, build a bridge from Web2 to Web3 for developers, and enhance token utility. Recently, UniWorlds launched an application on Fractal, airdropping key NFTs to uni domain name holders, achieving triple returns and increasing user participation and ecosystem vitality. With the development of the Fractal Bitcoin ecosystem, UniWorlds is expected to make a mark in the Web3 gaming field, creating more value for users and developers.

3. InfinityAI: Pioneer in the Fusion of Web3 and AIGC

InfinityAI is an innovative project in the Fractal Bitcoin ecosystem focused on artificial intelligence-generated content (AIGC). The project utilizes Bitcoin blockchain technology to build a decentralized content creation and trading platform, ensuring the circulation and copyright protection of content. InfinityAI aims to be an important part of the Bitcoin ecosystem, especially on the Fractal platform, by providing advanced AI content generation tools to create unique value and culture in a decentralized environment.

Since its launch, InfinityAI has actively conducted various activities such as token airdrops and community interactions to expand its influence and user base, and has placed high importance on community feedback to enhance user participation. Its core features include AI content generation, decentralized marketplace, and community governance, allowing users to generate various forms of content, trade in the market, and participate in project governance. Recently, InfinityAI successfully launched a testnet on Fractal, offering generous rewards and attracting a large number of users to inject new vitality into the entire ecosystem. With the continued development of the Fractal Bitcoin ecosystem, InfinityAI is expected to gain a significant position in the Web3 and AIGC fields, bringing more value to users and developers.

4. Bamkfi: DeFi Project in the Fractal Bitcoin Ecosystem

Bamkfi is an innovative DeFi project in the Fractal Bitcoin ecosystem, dedicated to providing secure and transparent financial services. Leveraging the efficiency and low cost of Fractal Bitcoin, Bamkfi has built a multifunctional DeFi ecosystem covering lending, liquidity mining, and asset management. Core features include decentralized lending, allowing users to flexibly obtain loans by collateralizing digital assets; liquidity mining, enabling users to earn fees and token rewards by providing liquidity; and support for various digital assets, including Bitcoin and its derivatives.

Bamkfi emphasizes security and transparency, with all transaction records permanently stored on the blockchain for user access at any time. Through token incentives, it encourages user participation in platform governance and community development. Currently, Bamkfi is actively developing and plans to launch an MVP after the Fractal Bitcoin mainnet goes live, and will explore cross-chain collaborations in the future to provide more financial services to users. With the development of the Fractal Bitcoin ecosystem, Bamkfi is expected to become a significant force in the DeFi field, injecting vitality into the ecosystem through innovative products and services to meet user needs.

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