CandleFocus Fractal Bitcoin Set to Launch Sidechain With Unique Merged-Mining Mechanism
2024-09-06
Author: Content Editor
Fractal Bitcoin, a sidechain of Bitcoin created by the Unisat wallet team, is set to launch on September 9. It introduces a new form of mining called "Cadence Mining," which allows bitcoin miners to merge-mine with Fractal Bitcoin every three blocks. The project aims to scale by utilizing Bitcoin's foundation through recursive virtualization while maintaining the security and consistency of its multi-layer architecture. Cadence Mining aims to ensure the security of the main Bitcoin network and offers a unique approach to mining rewards distribution. Fractal Bitcoin has its own native token and is designed for advanced applications with high transaction throughput. It promises scalability and efficiency while preserving the security of Bitcoin but faces competition from other sidechains and layer two solutions tackling Bitcoin's scaling challenges.
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