In the world of digital currency, FB token (Fractal Bitcoin) has attracted much attention for its unique design and innovative mining mechanism. This article will delve into the basic concepts, mining mechanism, consensus mechanism of FB tokens and their importance in blockchain technology.
Overview
Fractal Bitcoin’s halving cycle is 2,100,000 blocks, marking the periodic reduction of its mining rewards. The genesis block generated 50 BTC, but this digital currency cannot be spent. Immediately afterwards, in the first valid block, a total of 105 million mining output was pre-allocated to a spendable address.
Starting from the second block, each block will generate 25 FBs with decimal precision maintained at 8 decimal places. Through simple calculations, we can find that the total supply of mining is:
This design ensures the scarcity and value stability of FB tokens.
consensus mechanism
Fractal Bitcoin uses Proof of Work (PoW) as its consensus mechanism, which is the same as Bitcoin’s mechanism. Miners can use existing ASICs and other hardware devices to mine blocks, ensuring the security and stability of the network. Its standard SHA256d algorithm makes FB tokens highly secure during the mining process.
Cadence Mining: Fractal Bitcoin has introduced an innovative mining method called Cadence Mining. This approach aims to balance the advantages of merged mining and permissionless mining, providing both security and inclusivity.
Mining block interval: Fractal Bitcoin’s mining block interval is 30 seconds. Out of every three blocks, two are mined without permission and one is merged. This design not only retains permissionless, free-to-use mining opportunities for the Fractal community, but also takes advantage of the strong security of the Bitcoin main chain through merged mining.
Advantages of merged mining
Fractal Bitcoin supports merged mining with Bitcoin, allowing miners to mine Fractal Bitcoin blocks while mining the Bitcoin mainnet. This integration mechanism is similar to Namecoin, providing miners with higher economic benefits and mining efficiency.
Initial difficulty and hash rate requirements: During the mining process of Fractal Bitcoin, the initial difficulty and hash rate requirements are as follows:
Permissionless mining
nbits: 0x1900cfff
Difficulty: About 5G
Hash rate: ~500 PH/s
Merged mining
nbits: 0x180cffff
Difficulty: About 400G
Hash rate: ~20 EH/s (equivalent to 3.2% of BTC)
This series of parameter settings ensures the fairness and security of Fractal Bitcoin during the mining process.
in conclusion
As an emerging digital currency, Fractal Bitcoin's unique mining mechanism and consensus system provide new opportunities for miners. Through Cadence Mining's innovative design, Fractal Bitcoin not only effectively utilizes the security of Bitcoin, but also provides valuable opportunities for permissionless mining.
In the future, with the continuous development of blockchain technology, FB tokens are expected to occupy a place in the digital currency market. Understanding the mining mechanism and consensus system of FB token will help investors and miners make informed decisions in this rapidly changing market.
Whether you are a newbie or an experienced player in digital currency, the emergence of Fractal Bitcoin will bring you new horizons and opportunities. Let us look forward to the future development and changes of FB tokens!