Technological innovation or hype narrative? A look at the early ecosystem of fractal Bitcoin

Original author: shaofaye 123, Foresight News

The UniSat team has taken action again. Fractal Bitcoin has triggered a market boom, and the number of wallet addresses on the test network has exceeded 10 million. Pizza and Sats have risen one after another. Is it the next explosion point of the Bitcoin ecosystem or BSV 2.0? FUD and FOMO coexist, and the mainnet is about to be released. This article will take you to an overview of the early ecology of Fractal Bitcoin.

About Fractal Bitcoin

Fractal Bitcoin is another Bitcoin expansion solution developed by the UniSat team. By using the BTC core code, it innovates an infinite expansion layer on the main chain to improve transaction processing capabilities and speed, while being fully compatible with the existing Bitcoin ecosystem.

Its technical advantages can be seen from the name: native, fast, and dynamically expandable.

• Native — Instant compatibility with the Bitcoin ecosystem (including the BRC-20 token standard)

• Fast – shorten block confirmation time to 30 seconds

• Dynamic expansion – dynamically adjust the number of expansion layers in real time

Since its launch, Fractal Bitcoin has received mixed reviews from the market. Some people are calling it the next hot topic in the Bitcoin ecosystem, while others are crazy about it, believing that it is just a fork of the Bitcoin code and a BTC scam. So how do we evaluate whether it is a technological innovation or a hype narrative? We can start with the application scenarios to determine whether there is potential for growth in the market.

Analysis of its application scenarios may include:

• As a BTC pilot network, OP_CAT is a test field. (Although this is FUD, it can indeed reduce the cost of rapid trial and error for the BTC ecosystem to some extent.)

• A low-cost way for project owners and users to participate in the BTC ecosystem. (Reusing L1 addresses, fully compatible with the existing BTC ecosystem. Due to the popularity of UniSat wallets during the inscription boom, it may be easier for other L2 users to get started.)

• Drive the development of micro-transactions. (Transaction processing capacity increased 20 times.)

From a technical perspective, Fractal Bitcoin may be neither Fractal nor Bitcoin. From the perspective of application scenarios, Fractal Bitcoin does have a certain market. However, the current BTC ecological infrastructure is not yet perfect, the gameplay is relatively simple, and the development of Fractal Bitcoin is in a very early stage. Whether it can open up the market and maintain its popularity in the future depends on whether its ecosystem really has practical use cases and can drive wealth effects.

Fractal Bitcoin Ecosystem Development

Just like mini-games to TON, Memecoin to Solana, and social networking to Base. Ecosystems and chains always prosper together. Each chain has its own suitable projects, and different tracks have their own breeding grounds. Which applications are suitable for Fractal Bitcoin soil, and which projects can help Fractal Bitcoin attract capital inflows and attract user participation? What will Fractal Bitcoin rely on to stand out?

Based on this, we have taken stock of its ecology. However, it is still in a very early stage, and some projects have failed before the mainnet is launched. Beware of Rugs, and protecting the principal is the first principle of blockchain.

Hot Projects

The top five most popular projects on Fractal Bitcoin are:

UniSat

UniSat has a wide range of interests, including not only a well-known open source wallet, but also an engraving service and an infrastructure provider. Today, its importance as an implementer of the Bitcoin scaling solution is self-evident.

Pizzaswap (formerly Fractal Swap)

Fractal Bitcoins DEX is planned to be launched with the mainnet. Sats will be used as Gas. After PizzaSwap is launched, the team will start testing the built-in mini asset bridge, which can transfer BTC and other assets between the mainnet and Fractal.

UNiworlds

UniWorlds is a metaverse project, a gaming infrastructure platform based on the Bitcoin ecosystem, providing tools to develop and manage mobile games and gamification environments, including: UniWorlds Studio/game engine, module library, Uniworlds market, etc. Users can build virtual spaces on the Bitcoin network through personal 3D creation engines and establish on-chain identities. This project is similar to the Bitmap project and has completed its seed round of financing, with UniSat and UGC platforms participating in the investment.

UniWorlds has currently issued two types of NFT assets, Domain Names and Keys. Compared to Domain Names, Keys has slightly better liquidity.

Infinity AI

Infinity AI is an integrated Web3AIGC platform built on Fractal Bitcoin. Currently, you can participate in the interaction and there are potential airdrop opportunities. It is co-hosting events with UniSat to provide point rewards.

Satspumpfun

Memecoin issuance platform, Pump.fun copycat. However, how to implement joint curve pricing and other mechanisms on BTC, as well as the specific issuance assets and methods are still unclear. At present, the platform has reached a cooperation with UniWorlds, the infrastructure of Bitcoin ecological chain games. On August 12, the official announced that a BRC-20 airdrop will be carried out. Anyone who holds a whitelisted BRC-20 token (ORDI, SATS, PIZZA, SHNT, WZRD, HONK, RATS) worth $300 or 3 bitmaps in the wallet is eligible for this airdrop.

Other Projects

DeFi

• Motoswap: A DEX built on Bitcoin Layer 1, similar to Uniswap.

• Bamkfi: Rune Project NUSD•NUSD•NUSD•NUSD is the issuer of Nakamoto Dollar (NUSD), a synthetic stablecoin on L1.

Infrastructure

• GeoMarks io: An on-chain achievement token issuance platform that records user on-chain behavior in the form of OAT.

• Scryptplatform: A developer platform that helps developers quickly build protocols and applications that include OP_CAT smart contract functionality.

• Fractal 420: An open source asset management protocol for fractal Bitcoin. RUG Risk Warning: The project has been declared a failure and the Twitter account has been cleared. (Rumor has it that Twitter has been renamed Fractal Punks)

NFT

• Honzomomo: The first ordinal number on the fractal network.

• fractal_frogs: The first frog on the fractal web.

• Bipolar: An exaggerated bipolar style NFT, expected to be launched in September.

• Picho by Rabeno: No further specific information about NFT has been disclosed.

• BTCFSIC: Can be used for pre-mining.

• Fractacles: Octopus NFTs from the Fractal Network. The first 5K Ordinals collection.

• Fractal Punks: Fractal Network’s punk NFT, the 10,000th Ordinals NFT.

• Fractalrobotica: Robot NFT with potential airdrop.

• FractalStone: Fractal Network’s Rune NFT.

• Fractal Puppets: Puppets for the analytics network, with potential empowerment.

• Ordinal Jack

• JeetsOnBTC: Original digital graffiti from artist PudgyPenguins.

• MEBS: Book series NFT.

game

• nodinoBtc: The first Telegram game of Fractal Network.

• vntgrobots: A robot fighting game with a retro and nostalgic style.

Op net meta-protocol and derivative projects

• Opdotfun: fractal network pump.fun.

• SLOHM Finance: The first decentralized finance (DeFi) system supporting SLOHM.

• MultiBit: Connect ERC 20 tokens with BRC 20 tokens to enhance BRC 20 token liquidity.

• SatsX: A DeFi project that links to the BTC ecosystem and currently plans to launch Sats.fun.

• Ordinal Novus: A multi-protocol marketplace for Ordinals

Ecosystem Grant Program

At present, the official has announced the types of projects that will be launched and supported on the official website. There are 14 types of projects to be recruited, ranging from infrastructure, DeFi to AI, GameFi, etc.

This article is sourced from the internet: Technological innovation or hype narrative? A look at the early ecosystem of fractal Bitcoin

Related: Should Ethereum abandon the concept of ultrasonic currency?

Original author: @0x Breadguy Original translation: Peisen, BlockBeats Editors note: Due to the reduction in transaction fees on the Ethereum network caused by the Dencun upgrade, the amount of Ethereum destroyed has dropped to one of the lowest levels since the Merge. CryptoQuant analysts said that the Dencun upgrade has made Ethereum inflationary again, which may undermine its characteristics as an ultra-sound currency. @0x Breadguy discussed on social media whether the concept of ultrasonic currency should be abandoned. It’s crucial that Ethereum stops promoting the concept of “ultrasonic money” — but I’m not sure if that’s a good thing or a bad thing. Why do I say this? Because now that users have been asked to migrate off the mainnet, it is unlikely that we will see L2 return to…