Fractal Bitcoin is a project that claims to be a sidechain solution for Bitcoin but lacks essential functionalities and coherence. It introduces a new token, Fractal Bitcoin, independent of Bitcoin, with a significant pre-mine. The system does not have a mechanism to move funds between the mainchain and the sidechain, which is a crucial aspect of sidechains. The project proposes the use of Discreet Log Contracts (DLCs) as a bridging mechanism, which is not suitable for pegging funds. Additionally, Fractal Bitcoin's merge mining scheme deviates from conventional merge mining, requiring miners to switch their hashrate entirely to Fractal Bitcoin, which poses a security risk for both networks. The architecture of Fractal Bitcoin does not offer the same security guarantees as the mainchain, and there is no functional pegging mechanism for interoperability. Overall, the project is seen as a token scheme with no legitimate claim to being a sidechain or layer of Bitcoin.



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