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:财经专题)
-
苹果搜索广告关键字重复错误 最后我们添加的关键字数量最多为389个。...[详细]
-
写稿五分钟,标题有套路 无论是以算法平台为导向的今日头条,还是以算法+人工推荐的企鹅自媒体平台,又或是几乎纯靠人工推荐的网易号,一篇做号者的稿子能否赚钱,标题占了80%的因素。...[详细]
-
以知乎Live近期邀请诺贝尔奖经济学奖得主Joseph,谈特朗普上台的经济发展走向的分享为例,据称单场收入超过34万。...[详细]
-
什么样的生活场景算高频呢?生活中常见的,汇总一下,就是“衣食住行玩”。...[详细]
-
特朗普加密晚宴实录:精心设计的「表演」,政治、技术与资本的交汇
很多人认为,房卡模式是闲徕互娱成功的秘诀。...[详细]
-
产品定位:基于微信、QQ社交关系链基础上的MOBA类手游 产品特色: 5V5经典地图,三路推塔,呈现最原汁原味的对战体验; 随时开团,10分钟爽一把; 公平竞技,不做养成,不设体力,靠技术...[详细]
-
即便目前明显的需求量不大,但为小部分客户打造一款利基产品也不失为一个好想法。...[详细]
-
“还有日本人来问我,能不能和我练习中文?后来他知道我也是日本人、还爱拍视频以后,就建议我上哔哩哔哩。...[详细]
-
彻底关闭或准关闭项目多集中在电子商务、本地生活、社交、企业服务等领域;北上广浙四地成为重灾区,“死亡”项目中处于A轮及A轮前早期的比率高达98.60%。...[详细]
-
”方晔顿说,“我们想做外国人在中国的MCN公司(Multi-channelNetwork,为内容生产者或生产商提供变现方案的公司),与创业者协作,让他们的内容加入到&lsquo...[详细]