Fractal Bitcoin: An Innovative Expansion of the Bitcoin Ecosystem

Summary

Fractal Bitcoin will be launched on September 9, 2024, as a new type of Bitcoin scaling solution. It utilizes a unique hybrid mining model that combines merged mining and permissionless mining. Fractal provides enhanced functionality for Bitcoin, including faster transaction speeds, smart contract support, and higher scalability, while maintaining full compatibility with the Bitcoin mainnet.

Main Features

1. Native Bitcoin Expansion: Utilize the existing Bitcoin codebase while maintaining compatibility with the Bitcoin mainnet.

2. 30-second block time: Significantly improves transaction confirmation speed and network throughput.

3. Mixed Mining Mechanism: Combining permissionless mining and joint mining with Bitcoin to balance decentralization and security.

4. Scalability: Supports unlimited levels of improvement, with each level providing a 20-fold increase in capacity.

5. Smart Contract Functionality: Achieve Turing-complete smart contracts through OP_CAT.

6. User addresses identical to the Bitcoin mainnet: simplify user experience and reduce the risk of address management errors.

Ecosystem Development

Fractal adopts a decentralized and community-driven approach to building its ecosystem:

• Encourage diverse cross-chain bridge solutions
• Provide an open development environment
• Implement community-driven governance
• Promote the development of distributed infrastructure

Support key projects such as sCrypt, F2Pool, Nubit, etc. through funding programs to promote diversified development of the ecosystem.

Token Economics

• Token Name: FB (Fractal Bitcoin)
• Maximum supply: 210 million coins
• Allocation: 50% for PoW mining, 15% ecosystem reserves, 10% community rewards, 5% presale, 5% advisors, 15% core contributors

Challenges and Risks

• Programmability: The use of Bitcoin scripts may limit developers' participation.
• Technical Risk: Modifying core parameters of Bitcoin may introduce vulnerabilities
• Adoption Risk: The challenge of convincing users to migrate from existing solutions.

Conclusion

Fractal Bitcoin represents an innovative approach to expanding the functionality of Bitcoin, offering a unique value proposition. Its main advantages include native Bitcoin integration, technological innovation, a built-in user base, and strong network security. Despite facing challenges, Fractal demonstrates the potential to reshape the utility and adoption landscape of Bitcoin.