Bitcoin sidechain Fractal Bitcoin mainnet launch controversy: 50% token pre mining, low-quality fork chain
What is Fractal Bitcoin?
Fractal Bitcoin, led by Bitcoin wallet provider UniSat and Web3 investment firm Block Space Force, announced that its first memory block was mined on September 9th, marking the official launch of the main network of this Bitcoin sidechain. This project aims to enhance the scalability of Bitcoin by using Bitcoin Core code, which is different from other Bitcoin scaling solutions.
Lorenzo, the head of UniSat and a core contributor to Fractal, stated:
The launch of Fractal on the mainnet is a critical moment for the Bitcoin ecosystem. It provides developers with a powerful platform to experiment, innovate, and build native solutions on Bitcoin without relying on external architectures
Fractal represents scalability achieved through a technique called 'recursive layering', which allows for the creation of multiple independent layers on top of Bitcoin, each capable of increasing the throughput of Bitcoin's Layer 1 by 20 times. Officially, transactions executed on Bitcoin Layer 1 will take approximately 10 minutes to confirm, while the confirmation time for memory blocks in Fractal will be less than 30 seconds,
Since its launch on the testnet in July, Fractal has attracted 1.5 million independent addresses and processed 13.6 million transactions. According to UniSat's data, the current computing power of the network is 11.23 exahash/s, accounting for approximately 1.9% of Bitcoin's total computing power.
However, after the launch of the Fractal Bitcoin mainnet, there were many voices of doubt in the community.
Fractal pre excavation dispute
The native token FB of Fractal was also launched simultaneously on September 9th, but half of the total tokens have been pre mined, with 15% allocated to core contributors, 15% to ecosystem vaults, 10% for community subsidies, 5% for advisors, and 5% for pre-sale investors. The remaining 50% of tokens will be used as rewards for proof of work miners.
Fractal uses a hybrid merge mining mechanism called Cadence Mining. One out of every three Fractal memory blocks will be merged with the Bitcoin mainnet for mining, while the remaining two memory blocks will be mined natively. Merging mining memory blocks allows Bitcoin miners to participate in the security maintenance of fractals.
The issuance of tokens follows a two-year halving cycle, with 52.5 million tokens released in the first two years and 25 FB tokens rewarded for each memory block. Fractal also plans to introduce a tokenization governance mechanism based on FB in the future.
However, Fractal has been criticized for its pre excavation behavior. Mempool founder Mononaut pointed out that pre mined tokens can be used immediately, which leads to excessive concentration of control over token supply in the hands of insiders. Mononaut tweeted:
If everything goes according to plan, it will take miners two years (i.e. half of the entire Fractal cycle) to mine half of the tokens allocated to them by the founders on the first day
In addition, Mononaut described Fractal as a "hastily copied" version of the Bitcoin core v24.0.1 codebase, with only some consensus modifications and "code copied from Namecoin and Bitcoin Cash" added. He said, "In my opinion, this is just a low-quality forked coin
Introducing OP-CAT to Implement Smart Contracts
On the other hand, Fractal also introduced support for OP-CAT, an opcode disabled by Satoshi Nakamoto in 2010 that enables smart contract functionality on Bitcoin.
Although Satoshi Nakamoto was concerned that the opcode could become one of the vulnerabilities for attacks, his co-author Ethan Heilman publicly solicited developers to analyze the potential vulnerabilities of the opcode in 2019, but did not receive any response.
The approach of introducing OP-CAT differs significantly from most Bitcoin scaling schemes, which choose to introduce smart contracts through support for Ethereum Virtual Machine (EVM) and Ethereum's Solidity programming language.
Fractal Ecological Subsidy Program
So far, over 100 projects have announced plans to launch on Fractal. Fractal has also launched a subsidy program to support developers who wish to build new applications on its platform, with a focus on decentralized finance (DeFi), gaming, and NFTs.
Fractal will also launch a decentralized exchange called PizzaSwap on the network and plans to support existing Bitcoin token standards, including BRC-20, Runes, and Ordinals.
(责任编辑:基金优选)
- ·比特币投资:长期持有还是逢高出货?
- ·最新交易所app下载 meme币交易所交易平台
- ·加密货币交易员称以太坊即将迎来重大变革——以下是他的目标
- ·10月31日汇添富成长领先混合A净值下跌0.95%,近1个月累计下跌1.38%
- ·Paypal and Venmo support Ethereum Domain Services (ENS) to simplify cryptocurrency payments
- ·琥珀币 (AMB) 的投资机遇及交易所推荐
- ·GBFA 亚洲数字经济投资论坛 9 月 27 日深圳盛大开幕,共话 AI 与 WEB3 的创新篇章
- ·平安银行保费分期是怎么一回事?
- ·比特币未平仓合约突破800亿美元,市场情绪偏向看涨
- ·新政府会计固定基金怎样结转
- ·特朗普与加密货币关系紧张,民主党推动修改《天才法案》
- ·ok交易app所下载(数字货币,创新投资)
- ·活动前瞻 04 期|星洲盛事:新加坡 Token2049 领衔 9 月 9 日至 23 日全球 Web 3.0 活动精选
- ·meme币苹果版官网下载app meme币app官方下载最新版
- ·捐赠医疗物资是否要进项税额转出
- ·10月31日前海开源盈鑫A净值下跌0.38%,近1个月累计下跌2.51%
- ·Kanga Token (KNG)购买指南:最佳交易平台推荐
- ·10月31日鹏华新兴成长混合C净值下跌0.93%,近1个月累计下跌3.87%
- ·meme币手机钱包下载地址 memeBIAN卓下载地址入口
- ·比特币投资软件-比特币投资软件下载
- ·IOST (IOST) 哪里可以买?推荐交易平台一次看全!
- ·10月31日银河转型混合A净值下跌1.36%,近6个月累计下跌10.88%
- ·10月31日富国沪港深业绩驱动混合型C净值下跌0.58%,近1个月累计下跌1.22%
- ·10月31日银华智荟内在价值灵活配置混合发起C净值增长3.33%,近3个月累计上涨25.75%
- ·okpay官网下载app(一键操作的比特币买卖)
- ·行云币mcc钱包-行云币mcc官网
- · 欧亿app官网正式版下载
- · okcoin下载官方app
- · okx官方
- · okb交易所官网
- · 亿欧app下载
- · 数字货币交易app
- · 全球三大虚拟货币交易平台
- · 欧易最新版本
- · 欧易app官方下载入口
- · OK交易所官网入口登录