What is Fractal Bitcoin: how to expand bitcoin network

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Overview:

Fractal Bitcoin extends the network by using the core code of Bitcoin, while maintaining the security and decentralization of the network.

It achieves a transaction time of 30 seconds and improves the transaction speed without damaging the core principles of Bitcoin.

Recursive structure makes it infinitely scalable and ensures consistent security at all levels.

Fractal Bitcoin supports smart contracts and provides a friendly environment for developers, miners and community members.

Fractal encourages the active participation of the community by managing tokens and developing participation.

What is the core code and main chain of Bitcoin?

Before we get to know Fractal Bitcoin, we need to know the main chain and core code of bitcoin, because Fractal is based on these.

The core code of Bitcoin is mainly written in C++, which is the basic software to support the operation of the whole Bitcoin network. The main function of the code is to maintain the blockchain, which is a distributed and tamper-proof account book that records every transaction on the network. By managing this blockchain, the core code ensures that all nodes (that is, computers running bitcoin software) remain synchronized and reach a consensus on the current state of the network.

The main chain of Bitcoin is the backbone of the Bitcoin network, and all transactions are recorded and verified on this chain. The main chain of Bitcoin was founded in 2009 by an individual or group named Satoshi Nakamoto, which is a public ledger that is not controlled by anyone.

This ledger consists of a series of blocks, and each block is a transaction packaging unit added to the chain in linear order. These blocks are linked together by cryptographic hash technology, and any attempt to modify the chain will be detected immediately.

Security and consensus

Bitcoin backbone is protected by a mechanism called Proof of Workload (PoW). In PoW, miners compete to solve complex mathematical problems. The first miner who solves the problem can add a new block to the chain and get the newly generated bitcoin as a reward. This process ensures the security of the network, prevents a single entity from controlling the chain, and maintains its decentralized characteristics.

In order to maintain the consistency of the network, Bitcoin relies on a system called consensus. Most nodes must agree on the validity of each new block. This consensus mechanism prevents the occurrence of double payment and ensures the accuracy and credibility of the account book.

Non-tampering and transparency

The main chain of bitcoin has the characteristics of being tamperable. Once a transaction is recorded in the blockchain, it cannot be changed or deleted. This feature provides a permanent and transparent record for all transactions, so Bitcoin is often called a "de-trust" system, because trust is transferred to the code and the network itself, rather than any centralized institution.

Why is Fractal Bitcoin unique?

What makes Fractal Bitcoin a unique extension solution?

Fractal Bitcoin is not another simple extension scheme on Bitcoin. It provides the possibility of expansion for the Bitcoin network, while maintaining its core advantages and functional integrity.

Some expansion schemes may be more like appendages added to the existing structure, such as adding a mismatched extension to the house. Fractal Bitcoin is more like an extension of the original design blueprint of Bitcoin, which makes it ready for future development while maintaining the foundation of Bitcoin.

The recursive nature of Fractal Bitcoin is very interesting. The recursive structure is self-similar, which means that each new layer reflects the structure of its previous layer. This design allows the network to expand infinitely, while each layer retains the security, traceability and consensus characteristics of the bitcoin chain.

This expansion ensures that each new layer is consistent with the original security features of Bitcoin, so it will not sacrifice security because of the pursuit of speed.

These layers not only improve the running speed of the protocol, but also enhance the scalability. Transactions that used to take a few minutes on the bitcoin blockchain can now be completed in about 30 seconds on Fractal, and are seamlessly compatible with existing bitcoin wallets and tools.

Since Fractal Bitcoin is like an extended version of the bitcoin blockchain, the project tried different functions in the test network stage. For example, OP_CAT extends the scripting function of Bitcoin, making it easier to build complex smart contracts.

A public opinion survey on platform X shows that the community wants OP_CAT to be included in the public test network. Judging from the feedback from the community, it seems that they also hope that OP_CAT can become a part of the main network. Fractal will also support runes, ordinal numbers and BRC-20.

What are the characteristics of Fractal Bitcoin?

The following are several characteristics that Fractal Bitcoin stands out from other blockchain expansion solutions:

Primary expansion

Unlike other extension schemes that try to add additional functions, Fractal Bitcoin directly extends on the core code base of Bitcoin. This means that it does not need to rely on external systems or independent chains to ensure full compatibility with existing bitcoin infrastructure.

Quick transaction

A remarkable feature of Fractal Bitcoin is its ability to trade quickly. Fractal Bitcoin shortens the block confirmation time to 30 seconds, which is much faster than the traditional average time of 10 minutes in Bitcoin. Faster transaction speed maintains the core value of Bitcoin without sacrificing security or decentralization.

Dynamic expansion

Fractal Bitcoin is not only fast, but also intelligent. It can automatically adjust the number of layers according to the network requirements and act as a load balancer of dynamic block space. Even during peak hours, this maintains the efficiency of the network, reduces congestion and improves the overall user experience.

Cross-layer consistency

Fractal Bitcoin also has the characteristics of maintaining consensus on the chain across layers. Every transaction can be traced back to the main chain of Bitcoin, ensuring security and preventing risks related to bifurcation or fragmentation.

usability

The design of Fractal Bitcoin considers different types of community members. It simplifies the transfer of assets between layers and eliminates complex relay requirements. This ease of use makes the system easier to access, even for those who are not blockchain experts.

How does Fractal Bitcoin maintain security?

Fractal Bitcoin gives priority to security by ensuring that each extension layer is a direct extension of the bitcoin backbone. Each Fractal layer is closely integrated with the existing infrastructure of Bitcoin, rather than creating independent branches or fragments.

Every transaction in the Fractal layer can be traced back to the original bitcoin blockchain to ensure the transparency and integrity of the blockchain. Fractal maintains the security and reliability of decentralization by avoiding common bifurcation or fragmentation problems.

The native extension of Fractal Bitcoin adopts the core code of bitcoin, so it inherits the mature security mechanism of bitcoin. This method prevents potential vulnerabilities and maintains the security of the whole network while expanding.