Launch of Bitcoin Sidechain "Fractal Bitcoin" and Token Distribution Program

Fractal Bitcoin, a newly launched sidechain, aims to extend the functionality of Bitcoin with superior performance and increased capacity.

Following the launch of its mainnet, a distribution program for its native token "FB" has commenced, attracting significant attention from the blockchain community.

With its support for existing Bitcoin ecosystems like BRC-20 and Ordinals, and a steadily rising hash rate, Fractal Bitcoin is poised to become a key player in the blockchain space.

Learn more about its features, token distribution, and network security measures.

Fractal Bitcoin Mainnet Launch

On September 9, 2024, Fractal Bitcoin officially announced the launch of its mainnet via its official X (formerly Twitter) account. Fractal Bitcoin is a sidechain designed to expand the functionality of Bitcoin (BTC).

Supported by Unisat, a provider of wallets for the Bitcoin ecosystem, the launch has attracted considerable attention.

Distribution Program for Fractal Bitcoin's Native Token "FB"

To mark the mainnet launch, Fractal Bitcoin has also initiated a distribution program for its native token, "FB" (Fractal Bitcoin).

The FB tokens are scheduled to be distributed to a total of 2,000 addresses, including Unisat and OKX wallets. The FB token is expected to be used for launchpads, transaction fees, and building out the ecosystem.

Over 100 projects, including those in NFT, DeFi, and gaming sectors, have already begun preparations for their launches on the network.

Overview of Fractal Bitcoin

Fractal Bitcoin aims to offer higher performance than Bitcoin’s blockchain while maintaining native compatibility with Bitcoin.

The network supports existing ecosystems like BRC-20 and Ordinals. According to its official website, Fractal Bitcoin’s block confirmation time is under 30 seconds, and its capacity is 20 times larger than Bitcoin.

To enhance network security, Fractal Bitcoin has also introduced merge mining with Bitcoin. Merge mining allows multiple cryptocurrencies to be mined using the same computational power.

Hash Rate on a Steady Rise

Since its launch on September 9, Fractal Bitcoin's hash rate has been steadily increasing. Hash rate refers to the amount of computational power dedicated to mining. A higher hash rate generally correlates with increased security.

According to data released by Unisat, as of September 12, Fractal Bitcoin’s merge mining hash rate was recorded between "240EH/s and 250EH/s."

For comparison, Bitcoin’s hash rate during the same period ranged from 500EH/s to 600EH/s, indicating a stable and competitive hash rate for Fractal Bitcoin.