Bitcoin’s layer 2 scaling resolution, Fractal Bitcoin, considerably elevated its community safety by onboarding one of many largest crypto mining swimming pools.
Fractal Bitcoin (FB), a layer 2 scaling resolution for the Bitcoin (BTC) community, lately secured a significant win when it comes to its safety. On Thursday, April 24, the challenge managed to safe Foundry, one of many largest Bitcoin mining swimming pools, to additionally begin mining FB.
With Foundry’s integration, Fractal Bitcoin has now achieved 93% of Bitcoin’s hash price. Because of this 93% of the computing energy used to mine Bitcoin is now additionally used to mine Fractal Bitcoin. In keeping with the challenge, this makes it probably the most safe Bitcoin-compatible community on the market.
That is in step with its objectives to leverage Bitcoin’s safety whereas additionally sustaining the scalability essential to energy advanced DeFi purposes.
How Fractal Bitcoin satisfied miners to hitch
Most crypto miners use their assets to mine on a number of chains, equivalent to Bitcoin, Litecoin, Doge, or Monero. That is although mining on every community sometimes requires separate computing and power assets. Nonetheless, relying on token costs and mining problem, it’s advantageous to separate assets.
Fractal and Bitcoin use the identical hashing algorithm, SHA-256. Notably, networks that use the identical hashing algorithm assist merged mining. Because of this miners can safe each networks directly, utilizing the identical computing energy they’d when securing only one chain.
For that reason, Fractal Bitcoin can simply onboard Bitcoin miners who can get further rewards with out a lot value. Nonetheless, Bitcoin miners don’t get all of the rewards, as Fractal Bitcoin makes use of the Cadence Mining mannequin.
This mannequin splits block rewards between merged and permissionless mining, with one-third of the rewards going to Bitcoin miners. The opposite two-thirds go to anybody with the precise {hardware}. This broadens entry, as potential miners don’t should depend on pricey BTC mining infrastructure.
