Author: mononaut, founder of mempool; Compiler: 0xjs@黄金财经
Fractal Bitcoin launched its mainnet on September 9.
Fractal Bitcoin appears to be a hastily cloned copy of Bitcoin Core v24.0.1, with some consensus adjustments and some code stolen from Namecoin and Bitcoin cash.
Fractal Bitcoin also starts with a large and immediately usable 50% pre-mine.
A mix of standard PoW and merged-mined blocks;
30 second target block time;
Continuous difficulty adjustment, copied from Bitcoin cash;
Maximum supply of 210 million coins;
Initial block reward of 25 coins per block;
Halving every 2.1 million blocks;
OP_CAT is activated.
Note that the premine accounts for 50% of the fully diluted supply of Fractal Bitcoin.
If everything goes according to plan, miners will need two full years (the entire Fractal Bitcoin halving era) to barely get half of what the founding team rewarded themselves on day one.
The Fractal Bitcoin Lite whitepaper has a lot of meaningless technical terms about "virtualization" and "recursion" and "layered expansion", but the actual implementation bears little resemblance. As far as I can tell, this is just another shitfork.
Netizen Gringo HodL said: I thought it was not Layer 2 or a fork at all, but an extension of Bitcoin? In addition, didn’t Satoshi Nakamoto himself create OP_CAT, but it was not available until Fractal Bitcoin was deployed? I'm not a technologist, but there are a lot of technologists on the UniSat team who have done amazing things with Bitcoin. I'll give Fractal Bitcoin a chance
mononaut replied: Fractal Bitcoin is neither Layer 2 nor an extension of Bitcoin. It is a completely separate blockchain that is a fork running the Bitcoin Core codebase.
OP_DOG | BIP-119 says:This is Layer 1.5 that kills BIP-420. The idea of Layer 1.5 is that assets on the Bitcoin mainnet remain on Fractalnet and vice versa, so it helps scale Bitcoin like "Layer 2", but unlike Lightning's scaling solution, it uses the same Bitcoin addresses.
mononaut replied: It is not a Bitcoin layer in any sense of the word.
This is certainly hinted at in the Fractal Bitcoin marketing materials, but nothing of the sort is actually implemented in the Fractal Bitcoin code. Frankly, this is understandable, since it is technically impossible to transfer existing UTXO-based assets between unrelated blockchains.
Within a week of its listing, Fractal had an average daily trading volume of US$10 million, supporting a fully-circulated market value of US$6 billion. In today's sluggish market environment, what technological innovations has Fractal relied on to make the market pay for it?
JinseFinanceCAT20 is a token protocol launched by CAT Protocol, a Fractal network project. Once it came out, the community rushed to mint it.
JinseFinanceFractal Bitcoin is the only Bitcoin scaling solution that uses the Bitcoin Core code itself to recursively scale to unlimited levels, built on the world’s most secure and widely held blockchain.
JinseFinanceThe Cat20 protocol @ProtocolCAT released on Fractal Bitcoin is a new protocol on the fractal network. Based on the new OP_CAT technology, developers can develop based on OP_CAT to implement some simple smart contract functions.
JinseFinanceGolden Finance launched the 2439th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
JinseFinanceThis article will introduce the highly popular Fractal Bitcoin and programmable solutions for BTC metadata protocols such as BRC20, CBRC, and ARC20.
JinseFinanceThe birth of Fractal Bitcoin stems from the long-standing scalability problem of the Bitcoin network. With the popularization of Bitcoin, the surge in network transactions has led to longer transaction confirmation times and higher transaction fees.
JinseFinanceWhat is the fractal Bitcoin technology OP_CAT? What are its advantages and why do people have high hopes for it?
JinseFinanceOP_CAT is an opcode in Bitcoin script, used to process data in Bitcoin transactions; OP_NET is a meta-protocol built on Bitcoin, used to issue, trade, and manage assets that comply with the protocol standards.
JinseFinanceAfter launching the Fractal NFT gaming marketplace, Twitch co-founder Justin Kan called NFTs “the future of gaming.”
Cointelegraph