Fractal Bitcoin Launches Mainnet, Introducing New Bitcoin Scaling Solution

Source Livebitcoinnews

Fractal Bitcoin, a highly anticipated Bitcoin scaling solution, officially launched its mainnet today. Backed by wallet provider Unisat, Fractal Bitcoin offers a unique approach to scaling by operating directly on the Bitcoin Core codebase. This makes it stand out from other Bitcoin sidechains and L2 scaling solutions, which often employ the Ethereum Virtual Machine (EVM) integration.

The launch of the new mainnet is expected after months of testing on a trial network set up in July 2024. Fractal Bitcoin says it is the only scaling solution based on Bitcoin core, which allows it to focus strictly on Bitcoin-native technologies. Another feature of the new is the emergence of the OP_CAT opcode, which extends the operations Bitcoin can perform in the blockchain.

PizzaSwap DEX to Operate on Fractal Bitcoin Mainnet

The major strength of FBTT is its ability to achieve a block confirmation time of less than 30 seconds, which is much faster than the existing Bitcoin conventional confirmation time. The project also states that it offers up to 20 times more layer capacity due to the recursion layer technology. Moreover, with Fractal Bitcoin, it is possible to equally support Bitcoin with other protocols such as BRC-20, Runes, and Ordinals in a more encompassing manner.

Besides the mainnet, Fractal Bitcoin will have a decentralized exchange called PizzaSwap that will run on the chain. A new mining structure called Cadence Mining is also incorporated into the system, which includes permissionless mining with merged mining on Bitcoin to improve the network’s security.

Fractal Bitcoin has also recently introduced its token, FB, which has a fixed circulating supply of 210,000,000 tokens. Half of these tokens are reserved for proof-of-work mining, while the other half has been mined in advance for different reasons, such as contributing to the core team investors, developing the ecosystem, and community rewards. This new launch is a major leap towards enhancing the flexibility and capacity of the Bitcoin network.

The post Fractal Bitcoin Launches Mainnet, Introducing New Bitcoin Scaling Solution appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter
Author  TradingKey
9 hours ago
As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter
placeholder
$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US DollarGold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.
Author  FXStreet
12 hours ago
Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.
placeholder
WTI languishes near March lows, holds above mid-$72.00s amid easing supply concernsWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.
Author  FXStreet
17 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.
placeholder
Deutsche Bank Slashes Gold Price Forecast by 22%: Wall Street Bulls Retreat, Fed Rate Hike Expectations Become Biggest Drag Wall Street investment banks are collectively cooling on their bullish sentiment toward gold. Following Goldman Sachs ( GS) sharply cutting its gold price targets last week, Deutsche Bank
Author  TradingKey
Yesterday 10: 32
Wall Street investment banks are collectively cooling on their bullish sentiment toward gold. Following Goldman Sachs ( GS) sharply cutting its gold price targets last week, Deutsche Bank
placeholder
Japanese Yen flatlines near 161.50 as traders are on high alert for interventionThe USD/JPY pair holds steady near 161.55 during the early Asian session on Tuesday. Progress in US–Iran peace talks and intervention fears from the Japanese authorities might cap the upside for the pair.
Author  FXStreet
Yesterday 01: 17
The USD/JPY pair holds steady near 161.55 during the early Asian session on Tuesday. Progress in US–Iran peace talks and intervention fears from the Japanese authorities might cap the upside for the pair.
goTop
quote