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Ten people, one billion
Fractal
Home web3.0 Fractal Bitcoin: Bitcoin-native scaling solution powered by Unisat

Fractal Bitcoin: Bitcoin-native scaling solution powered by Unisat

Jul 12, 2024 pm 07:26 PM

Hello everyone, I am Paul from Coinmanlabs. Today I want to talk to you about a Unisat-related project - Fractal Bitcoin.

Before talking about the project, I would like to introduce Unisat to you first.

Ten people, one billion

Since its inception, Bitcoin has been defined as "digital gold". Similar to gold, its main function is to store value. Although the concept of Bitcoin-related ecology has long been around, these ten For several years, the ecological development of Bitcoin has been stagnant until the emergence of Ordinals. Of course, Ordinals was not born at its peak. It also experienced a period of trough. Very few people discussed it, and most people in the market did not have great confidence in it, except for the Unisat team.

The Unisat team started by printing small pictures on BTC, and later moved its development center to the BRC-20 market. What made them really popular was the thousand-fold screenshot of Ordi that spread in various WeChat groups.

Fractal Bitcoin(分形比特币):由Unisat支持的比特币原生扩展方案

I still remember that it was Labor Day in 2023, which completely changed the NFT ecology of BTC. Starting from April 28, the news of "$ordi a thousand times per capita" spread in major WeChat groups, and then $ nals, $UTXO, $elon, etc. are opportunities such as 10x coins. A large number of users have entered the BRC-20 market with FOMO. As long as the WeChat groups related to BRC-20 are all full in less than one afternoon. At that time, as the only entrance and exit of BRC-20 tokens on the chain, UniSat became a topic of discussion in the entire currency circle. Perhaps even UniSat itself would not have thought at that time that its market orders would lead to a blockage on the chain.

Fractal Bitcoin(分形比特币):由Unisat支持的比特币原生扩展方案

It can be said that UniSat is indispensable for the success of BRC-20. It is because they were the first to build the market and let more people know about BRC-20.

Of course, the popularity of BRC-20 has also rewarded the UniSat team. They have attracted the attention of many institutions with their products and handling fees. At that time, there were rumors that the UniSat team only had 10 people but they had an organic idea to acquire them with a valuation of 1 billion. .

Q·What should I do when the craze subsides?

Lorenzo, the founder of UniSat, also said in an interview that the craze for BRC-20 will of course recede, but it may come back at any time. The trend has already formed, and you need to be ready for the next outbreak. UniSat will improve the user experience experience while safely protecting users’ inscriptions, and there are also new products in testing.

This was said during the BRC-20 craze. Now let’s see what they are planning to do?

Q·What else needs to be improved?

If you participated in the last wave of inscriptions, you will find it slow. At that time, it was jokingly said that whether a chain is technically feasible depends on whether it can withstand the "attack" of inscriptions.

In addition to being slow, it is also expensive. At that time, many people were learning how to modify the default Gas in order to get the inscription on Bitcoin in time. Only in this way can your transaction be uploaded to the chain earlier.

Fractal

Fractal is a concept in mathematics used to describe complex geometric shapes with self-similar properties. Self-similarity means that the structure of a part of a shape is similar to the structure of the whole, that is, the characteristics of the shape remain consistent regardless of the scale at which it is viewed. Fractal structures can be found widely in nature, such as snowflakes, coastlines, mountains, trees, and lightning paths.

Fractal geometry was proposed by French mathematician Benoît B. Mandelbrot in the 1970s. He studied many irregular shapes in nature and found that these shapes could be generated by a simple recursive algorithm. The core idea of ​​fractal geometry is to find inherent order and regularity in complex, irregular shapes.

Okay, let’s explain it in vernacular. To explain fractal in vernacular, we can understand it like this: A fractal is a special geometric shape. Its characteristic is that no matter how many times you magnify it, it looks the same, like It is an infinitely repeating pattern. This shape is common in nature and mathematics.

For example, imagine a tree. If you look closely, you will see that the structure of the branches is very similar to the structure of the entire tree. Each branch is like a small tree, with smaller branches above it, and these small branches are like smaller trees. This is a natural example of a fractal.

Fractal Bitcoin(分形比特币):由Unisat支持的比特币原生扩展方案

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