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Fractal’s mainnet debut also saw the release of its native token FB with a total supply of 210 million tokens.
Fractal Bitcoin, a new Bitcoin scaling solution supported by wallet provider UniSat, officially launched its mainnet today. The project is designed to offer a scaling solution that works directly on the Bitcoin Core codebase, aiming to enhance Bitcoin’s transaction capabilities while staying true to its original framework. The launch follows a series of tests that began on a dedicated testnet in July 2024.
Interestingly, the genesis block of Fractal carries the same message found in Bitcoin’s first block:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
By operating directly within Bitcoin’s infrastructure, Fractal seeks to differentiate itself from other scaling solutions, which often rely on Ethereum Virtual Machine (EVM) compatibility.
Users can manage Fractal assets through UniSat Wallet and OKX Wallet, both of which support the mainnet. These wallets allow users to maintain control over their digital assets, and transaction details can be verified through Mempool Explorer, UniSat Explorer, and OKLink.
Fractal has also partnered with UniSat and OKX to launch the Fractal Mainnet Bootstrap Program, rewarding active Bitcoin users.
Bitcoin-Native Approach
Fractal Bitcoin’s Bitcoin-native approach is supported by the integration of the OP_CAT opcode, which aims to expand Bitcoin’s functionality without relying on external protocols. According to the project, the network offers block confirmation times of under 30 seconds, significantly faster than Bitcoin’s base layer.
Fractal features a recursive layering structure, which is said to support a 20-fold increase in capacity per layer. The network natively supports Bitcoin protocols like BRC-20, Ordinals, and Runes, aiming to cater to a wide range of applications from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Fractal also introduces a new mining structure called “Cadence Mining”, which combines permissionless mining with merged mining with Bitcoin. This model aims to improve the overall security of the network. Core contributors to the project include UniSat Wallet and blockchain development firm Block Space Force.
FB Token Launch
Fractal’s mainnet debut also saw the release of its native token FB with a total supply of 210 million tokens. With over 100 projects already preparing to launch on Fractal, the ecosystem is aiming to grow rapidly across various sectors, including DeFi, NFTs, and gaming.
As per the announcement, Fractal Bitcoin is also planning to launch a voting platform utilizing OP_CAT, allowing FB holders to participate in governance decisions.
Meanwhile, the scaling solution provider has opened applications for Season 1 Grants, running from September 9 to October 9, 2024. Projects can apply for grants, with selections made on a rolling basis, as per an X post.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
