Fractal Bitcoin, a new project that recently launched its mainnet, has quickly captured the attention of the cryptocurrency community. According to data from the project’s block explorer, Fractal Bitcoin now controls over 35% of Bitcoin’s total hashrate. This is a significant milestone for the project, as it demonstrates the growing interest and support for its innovative sidechain solution.
Bitcoin, the world’s leading cryptocurrency, currently boasts an impressive hashrate of 681 exahash per second (EH/s). However, Fractal Bitcoin has managed to attract about 241 EH/s of merged mining hashpower since its mainnet launch. This means that Fractal Bitcoin is now responsible for more than 240 EH/s of hashing power, a remarkable achievement for a new project.
Merged mining is a process that allows miners to simultaneously mine multiple cryptocurrencies without any additional computational effort. In the case of Fractal Bitcoin, miners are able to mine both Bitcoin and Fractal Bitcoin at the same time, increasing the overall security and efficiency of both blockchains.
The success of Fractal Bitcoin’s sidechain can be attributed to several factors. First and foremost, the project offers a unique and innovative solution to some of the scalability and efficiency issues facing the Bitcoin network. By offloading certain transactions onto a sidechain, Fractal Bitcoin is able to reduce congestion on the main Bitcoin blockchain and improve overall network performance.
Additionally, Fractal Bitcoin has managed to attract a dedicated community of miners and developers who are committed to the project’s success. This strong community support has helped drive adoption and growth, leading to the impressive hashrate figures we see today.
Overall, Fractal Bitcoin’s success in capturing over 35% of Bitcoin’s hashrate is a testament to the project’s potential and the growing interest in sidechain solutions within the cryptocurrency space. As the project continues to develop and expand its offerings, we can expect to see even greater adoption and support in the future.
