Fractal Bitcoin: Not a Bitcoin Sidechain, Critics Argue
CryptoNewsTerminal Staff18 Sep, 2024
Fractal Bitcoin: Not a Bitcoin Sidechain, Critics Argue
Fractal Bitcoin, a project claiming to be the only native Bitcoin scaling solution, has come under fire from Bitcoin Magazine. The publication has criticized Fractal Bitcoin's mechanisms, arguing that they are far from those of Bitcoin sidechains. One of the main criticisms is that the Fractal Bitcoin system relies on its native token, Fractal Bitcoin, which is issued independently of Bitcoin and does not have a peg mechanism to allow BTC to be sent to it as a sidechain. The publication also highlighted harmful incentive mechanisms for Bitcoin, including a large premine, a significant supply allocation to the ecosystem/presale/advisors, and merged mining. These criticisms raise concerns about the compatibility, security, and economic implications of Fractal Bitcoin. It is essential for users to be aware of these criticisms before engaging with the project.
