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Bitcoin L2 Fractal launches mainnet after attracting 11.5 million unique addresses

Cryptobriefing2024/09/10 14:12
By:Cryptobriefing

Key Takeaways

  • Fractal Bitcoin mainnet uses Bitcoin Core code for unlimited layer scaling.
  • The platform supports BRC-20 and Ordinals, maintaining Bitcoin address compatibility.

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Fractal Bitcoin, a Bitcoin-native scaling solution, officially launched its mainnet today, marking a significant advancement in Bitcoin scalability. Utilizing Bitcoin Core code, Fractal enables unlimited layer scaling, potentially supporting internet-scale applications while maintaining Bitcoin network consensus.

Since its testnet debut in July 2024, the platform has registered 11.5 million unique addresses and facilitated 13.6 million transactions.

Lorenzo, Director of UniSat and core contributor to Fractal, stated, “The launch of Fractal on the mainnet is a pivotal moment for the Bitcoin ecosystem. It provides a platform for developers to build native solutions on Bitcoin without relying on foreign constructs.”

Fractal’s technology allows for block confirmation times of 30 seconds or less and increases capacity by 20 times per layer. It supports various protocols, including BRC-20 and Ordinals, and remains compatible with existing Bitcoin addresses. The network operates on a proof-of-work basis with a hybrid mining structure known as “Cadence Mining.”

Spencer Yang, Managing Partner of BlockSpaceForce, commented, “Fractal’s mainnet launch marks a significant milestone in what’s now possible on Bitcoin. By enabling recursive network instances and introducing new opcodes, we are unlocking a new wave of native innovation on the Bitcoin network.”

As Fractal goes live, over 60 projects have announced their launches on the platform, covering areas like DeFi and NFTs, with more expected to follow.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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