In today's world of digital currencies, as one of the most influential cryptocurrencies, Bitcoin's scalability issues have always been the focus of the industry. To solve this problem, Fractal Bitcoin (FB) was created, an innovative Bitcoin scaling solution designed to improve the performance of the Bitcoin network. This article will take an in-depth look at Fractal Bitcoin’s core features, token distribution, and its future plans.
How Fractal Bitcoin works
Fractal Bitcoin operates based on the creation of scalable layers that are tightly integrated with Bitcoin’s main chain, thus retaining the security and traceability of the original blockchain. This design avoids common problems with other scaling solutions, such as forks or sharding, ensuring that all transactions are connected to Bitcoin’s main infrastructure. Such an architecture not only improves the security of transactions, but also enhances the stability of the overall network.
Key Features: Faster Block Confirmation Times: The Fractal Network’s transaction confirmation times are under 30 seconds, which is a significant improvement over Bitcoin’s usual block times. This means users can complete transactions faster, improving the experience of the entire ecosystem.
Increased transaction capacity: Each layer of the Fractal network can handle up to 20 times the transaction volume, which greatly increases the network's carrying capacity. This feature allows Fractal Bitcoin to meet growing user demand and maintain stable operation during high traffic periods.
Cadence Mining Mechanism
Fractal Bitcoin introduces a unique mining mechanism - Cadence Mining, which allows users to mine Bitcoin and Fractal blocks simultaneously. This not only improves mining efficiency, but also enhances the security of the entire network, providing miners with more profit opportunities.
Ecosystem of FB Token: Fractal Bitcoin’s native token FB plays a vital role in its ecosystem. The total supply of FB is 210 million tokens, which are allocated as follows:
50% (105 million tokens) are used for Proof-of-Work (PoW) mining.
15% is allocated to the ecosystem treasury to support network development.
10% goes to community grants to promote partnerships and initiatives.
15% is allocated to core contributors responsible for developing and maintaining the network.
5% is allocated to pre-sale investors, with tokens locked for six months.
5% for consultants in mentoring programs.
Such a distribution strategy not only ensures the sustainable development of the network, but also motivates community members to participate.
Launch of test network and main network
Fractal’s test network has been launched, allowing users to explore various features of the network. Subsequently, Fractal Bitcoin’s mainnet was officially launched in September 2024, a milestone marking an important step for the project. With the launch of the mainnet, Fractal Bitcoin will further enhance its technical capabilities and provide users with better services.
Future plans: Fractal Bitcoin is not only satisfied with the existing functions, but also plans to launch a decentralized exchange PizzaSwap and introduce a governance mechanism through FB tokens. This will enhance community participation in managing transaction fees, node access, and ecosystem development. Users will be able to influence important decisions through voting, which is crucial to building a decentralized and transparent ecosystem.
Summarize
As an innovative Bitcoin scaling solution, Fractal Bitcoin (FB) offers new possibilities for the future of the Bitcoin network with its fast transaction confirmation time, enhanced transaction capacity and unique mining mechanism. With the launch of the mainnet and the implementation of future plans, Fractal Bitcoin will play an increasingly important role in the cryptocurrency space. For users looking to participate in this ecosystem, FB Token is certainly an option worth paying attention to.