A New Attempt at Native Bitcoin Expansion: Fractal Bitcoin

With the continuous development of the Bitcoin network, its scalability issues have always been the focus of community attention. From Segregated Witness to Bitcoin Cash, and then to second-layer solutions like the Lightning Network, Bitcoin's path to scalability is filled with exploration and challenges. Among the many scaling solutions, Fractal Bitcoin has quickly become one of the most talked-about Bitcoin scaling solutions due to its unique innovation and recent mainnet launch.

As a native scalability solution for Bitcoin, Fractal Bitcoin utilizes Bitcoin Core code to achieve recursive virtualization, maintaining complete compatibility with the existing Bitcoin ecosystem while enabling infinite scalability. This groundbreaking technology allows Bitcoin to expand across infinite layers on the world’s most secure and trusted blockchain, while also providing the potential for the flourishing of complex decentralized applications and high-volume transactions.

However, the popularity of Fractal Bitcoin has also sparked some doubts. The project is developed by a Chinese team, and its core technology directly relies on the Bitcoin Core code, with a considerable part of the code also coming from Namecoin and Bitcoin Cash. Therefore, Fractal Bitcoin is also considered a "clone" version of Bitcoin Core v24.0.1, and investors have concerns about the project's long-term development. Nevertheless, Fractal Bitcoin has still recreated the initial frenzy of BRC20. Whether this frenzy will be short-lived or truly demonstrate its value remains to be seen.

Fractal Bitcoin Reignites BTC Innovation Vitality

Fractal Bitcoin is an innovative Layer 1 solution designed specifically to scale the Bitcoin network, developed by the Unisat team. Unisat was established in 2022 and 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 funding and has accumulated over 900,000 weekly active users.

Fractal Bitcoin is jointly launched by the Unisat team in collaboration with BSF, Uniworlds, and AssetBridge, and has a partnership with a certain exchange platform incubator. On September 9, 2024, as soon as the Fractal Bitcoin mainnet was released, it attracted a massive user attention within just a few days. Currently, Fractal Bitcoin has attracted over 1 million weekly active users, and more than 100,000 active addresses hold FB tokens, with the price of FB peaking at $38.8. In addition, the innovative mining model of Fractal Bitcoin has also attracted a large number of miners and retail investors to participate, and the platform's total hash rate has now surpassed 241EH, accounting for 38.1% of Bitcoin's total network hash rate.

The popularity of Fractal Bitcoin has not only reignited the innovative vitality of the BTC ecosystem, but also brought new opportunities to miners, mining machine manufacturers, decentralized exchanges, and other upstream and downstream ecosystems. In this prosperous and symbiotic blockchain ecosystem, all parties can find their own positions and achieve win-win outcomes.

Fractal Bitcoin: Unlimited Expanding Bitcoin Highway

As a native Bitcoin scaling solution, the core idea of Fractal Bitcoin is to utilize the Bitcoin core code to construct a tree-like scaling structure, where each layer can be further expanded, significantly enhancing the overall network's parallel processing capability. Compared to building another framework to achieve scalability with layer 2 solutions, Fractal Bitcoin's solution is undoubtedly simpler.

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

1. Native Compatibility: Seamlessly integrated into the Bitcoin ecosystem
2. Fast Transactions: Block confirmation time takes only 30 seconds, and the transaction processing capability is 20 times that of the Bitcoin mainnet.
3. Dynamic Adjustment: Smart Response to Network Fluctuations
4. Security Assurance: Each transaction can ultimately be traced back to the Bitcoin main chain.
5. The Restart of OP_CAT: Opening a New Chapter for Smart Contracts

Although Fractal Bitcoin follows the "orthodox expansion" principle based on the BTC main chain in terms of project concept and implementation mechanism, fundamentally, it is still a forked version based on BitcoinCore v24.0.1. Whether it can maintain its current popularity and attention after fully exploring short-term economic benefits is the key that investors need to evaluate cautiously.

Fractal Bitcoin Ecosystem Project Overview

Since the launch of the Fractal Bitcoin mainnet, ecological projects have emerged like a tide, attracting widespread attention and participation. Here are several ecological projects worth noting:

1. Pizza: Meme coin on the Fractal Bitcoin ecosystem
2. Honzomomo: The first NFT on Fractal Bitcoin
3. UniWorlds: Fractal Bitcoin Metaverse Project
4. InfinityAI: A Pioneer in the Integration of Web3 and AIGC
5. Bamkfi: DeFi project in the Fractal Bitcoin ecosystem

These projects cover various fields such as meme coins, NFTs, the metaverse, AIGC, and DeFi, injecting vitality into the Fractal Bitcoin ecosystem and providing users with diverse participation opportunities. As the Fractal Bitcoin ecosystem continues to develop, these projects are expected to achieve significant positions in their respective fields, bringing more value to users and developers.