Fractal Bitcoin ignites the market: don't you know it yet?

Question

Fractal Bitcoin, a sidechain network that is almost identical to the first layer Block chain of BTC, announced its launch on Mainnet this week, immediately causing a stir in the cryptocurrency world. This emerging network pays tribute to BTC in a unique way: embedding the same information left by Satoshi Nakamoto in the first Block of BTC in its Genesis Block, echoing the criticism of bank bailouts.

The popularity of Fractal Bitcoin is rapidly increasing, reflected in its Money Laundering: the high-priority transaction fee has soared to 150 Satoshi/byte, indicating a strong interest in this new platform by the market. Although it faced some Mining challenges in the initial stage, Fractal Bitcoin has successfully launched and begun to fulfill its mission as a "locally scalable Bitcoin".

At the same time, the Mining situation of BTCMainnet is becoming increasingly intense. According to the latest data from BTC.com, the Mining Difficulty of the BTC network has reached 92.67 T, and the Computing Power of the entire network is as high as 650.63 EH/S. These data reflect that the Mining Difficulty of BTC is at a historical high, which means that the amount of BTC that can be mined is decreasing, but the number of people participating in Mining is constantly increasing. This not only highlights the vitality of the BTC ecosystem, but also provides the background for the emergence of new platforms like Fractal Bitcoin. In this era of coexisting development of BTC derivative projects and the native network, innovation and competition in the cryptocurrency field are reaching new heights.

What is Fractal Bitcoin?

Fractal Bitcoin is an innovative BTC scaling solution recently launched by the UniSat team. Its core concept is to significantly improve the performance and functionality of the BTC network without changing the BTC Mainnet protocol. To achieve this goal, Fractal Bitcoin introduces the concept of 'fractals'. In geometry, a fractal refers to a pattern that replicates and imitates shapes similar to the original shape, thus preserving its key properties. Drawing on this idea, the UniSat team proposes encapsulating the core BTC code to create an embeddable network extension layer. This extension network is recursively linked to the main BTC network to allow each application to run independently, while ultimately feeding back to the Mainnet.

Key features:  Sidechain Structure: Fractal operates as an independent sidechain parallel to BTC Mainnet, connected to Mainnet through special Nodes.  Fractal expansion: Drawing on the concept of fractals in geometry, Fractal has created a network structure that can be infinitely recursive. Each "fractal" layer can independently handle a large number of transactions, and the results are eventually merged back to the Mainnet. Dynamic Scaling: Fractal acts as a "dynamic block space load balancer" that can automatically adjust network capacity according to demand. 　Innovative Mining mechanism: adopting the "rhythm Mining", two-thirds of the Block is mined on Fractal to support its native Token FB. Enhanced feature: Activated OP_CAT opcode to support more advanced applications, such as zero-knowledge aggregation.  Ecosystem expansion: plans to introduce BTCVirtual Machine (BVM), supporting easy migration of Smart Contracts on Ethereum to Fractal. However, Fractal has also faced some controversy. For example, 50% of the FB tokens were pre-mined and distributed to early participants, which has raised concerns among some members of the BTC community. In addition, some have pointed out that Fractal's code may have heavily borrowed from other projects.

What is the current situation of Fractal Bitcoin Mining? According to the ChainCatcher news, in the Unisat Explorer data, the total computing power of Fractal Mainnet merged mining and permissionless mining has exceeded 50 EH/s, which is equivalent to 50000 PH/s. Calculated based on an average block time of 30 seconds, Fractal produces approximately 72,000 FB per day. The total computing power of permissionless mining is currently reported at 6400 PH/s, and 1 PH computing power can mine about 7.5 FB per day, and about 225 FB per month. The monthly rental price of computing power is about 3000U per PH, and the breakeven price for renting computing power to mine FB is $13.3. The fully circulating market capitalization of 2.1 billion FB is approximately $2.8 billion.[1]

"On-chain interaction can expand and contract with changes in demand - as it acts as a dynamic 'Block space load balancer' and reduces congestion in any specific layer." This feature aims to address the common congestion issues in the Block chain network and provide users with a smoother trading experience.

Fractal Bitcoin also introduces a unique Consensus Mechanism called 'Rhythm Mining'. Under this mechanism, two-thirds of the Blocks are mined for its native gas currency FB on the Fractal network. This design is intended to ensure the security and efficiency of the network while providing sufficient incentives for Miners. The total supply of Fractal Bitcoin (FB) Tokens is set at 210 million, and the distribution scheme reflects the project team's consideration for the long-term development of the ecosystem. The specific allocation ratio is as follows: Mining reward: 50% of the total supply, which is 105 million FB tokens, Core contributors reward: 15%, Ecosystem reserve: 15%, Community reward: 10%, Advisor allocation: 5%, Pre-sale: 5%.

From a technical perspective, Fractal Bitcoin appears to be a fast clone based on Bitcoin Core v24.0.1, with some Consensus adjustments. The project team also borrowed some code from other Cryptocurrency projects such as namecoin and bcash. While this approach speeds up development, it has also sparked discussions about the project's innovation and independence.

Fractal BitcoinMining Guide: From Computing PowerMining to Non-fungible Token Participation There are two main ways to mine Fractal BitcoinToken: traditional Computing Power Mining and innovative Non-fungible Token participation model. The traditional Mining method is suitable for experienced Miners and large investors, while the Non-fungible Token model provides a more convenient channel for ordinary users to participate. So, how can ordinary users participate in this popular project?

Traditional Computing Power Mining For experienced Miners and well-capitalized investors, direct participation in FB's Computing Power Mining is an option. The total amount of FB is 210 million, with 50% generated through PoW Mining. However, this method has a high barrier to entry for ordinary users: • Professional mining equipment is required • High electricity cost • Technical requirements are high • Intense competition, especially in the early stages

2）Innovative solutions for retail investor: Computing Power Non-fungible Token Considering that most cryptocurrency enthusiasts lack professional mining equipment, the BitTera platform has launched an innovative way of participation - Computing Power Non-fungible Token. This method has the following advantages: • Low threshold: no need to purchase and maintain expensive Mining equipment • Convenient: You can participate in Mining by purchasing Non-fungible Tokens • Flexible: provides multiple duration options to meet different user needs. • Potential Additional Returns: Opportunity to receive Airdrop rewards from other projects (such as BEVM)

BitTera offers Fractal Bitcoin head mining power Non-fungible Token products, including: a) 3-day period (September 9-11) b) 7-day term (September 9th-15th) c) 14-day period (September 9-22) d) 30-day term (September 9th-October 8th) Users can choose suitable Non-fungible Token products based on their investment strategies and risk preferences.

Image source: Bittera official website

——Participation Method To purchase these Computing Power and Non-fungible Token, users can visit BitTera's official website. It is worth noting that participating in FBMining may not only bring direct Mining income, but also rewards from other ecosystems. For example, BitTera recently received strategic investment from BEVM Foundation, which has announced that Computing Power RWA will be one of its important Airdrop credentials.

In short, Fractal Bitcoin provides a new opportunity for cryptocurrency enthusiasts. Whether it's traditional Computing Power Mining or innovative NFT models, it offers users different choices. Before participating, it is recommended to thoroughly research the project details and weigh the risks and rewards.

Risks The Fractal Bitcoin has attracted much attention due to its cooperation with the UniSat team. UniSat is backed by a well-known exchange, and its success in the BRC20 market and the outstanding performance of the $PIZZA token have added a lot of luster to Fractal Bitcoin. This strong partnership undoubtedly brings tremendous attention and potential market advantages to the project.

However, aside from the team's reputation, there are still some issues with the Fractal Bitcoin project that are worth following. Firstly, the project documentation fails to clearly articulate the unique advantages of Fractal Bitcoin compared to other BTC public chains. Secondly, there is still doubt as to whether the BTC ecosystem really needs an enhanced functional public chain. In the past, similar L2 solutions such as Merlin and B² Network have failed to gain significant traction among users, and this phenomenon is worth pondering.

Many BTC ecosystem participants seem to prefer simple asset trading over complex functionality. This user preference may impact the adoption of Fractal Bitcoin. However, as a sidechain with its own PoW Mining, Fractal Bitcoin may maintain long-term correlation through ongoing Miner participation, which could be its potential advantage.

Currently, the popularity of FB tokens is soaring, and getting on board rashly may face the risk of high gas fees and lower returns, which may reduce the efficiency of fund utilization. Investors should carefully evaluate the timing of getting on board, weighing short-term popularity against long-term value. When making investment decisions, it is necessary to fully consider the potential of the project, the market environment, and personal risk tolerance.