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, not too long ago secured a serious win by way of its safety. On Thursday, April 24, the undertaking 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 fee. Which means 93% of the computing energy used to mine Bitcoin is now additionally used to mine Fractal Bitcoin. Based on the undertaking, this makes it probably the most safe Bitcoin-compatible community on the market.
That is consistent with its objectives to leverage Bitcoin’s safety whereas additionally sustaining the scalability essential to energy advanced DeFi functions.
How Fractal Bitcoin satisfied miners to hitch
Most crypto miners use their assets to mine on a number of chains, akin to Bitcoin, Litecoin, Doge, or Monero. That is even supposing mining on every community usually requires separate computing and vitality 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. Which means miners can safe each networks without delay, utilizing the identical computing energy they’d when securing only one chain.
Because of this, Fractal Bitcoin can simply onboard Bitcoin miners who can get further rewards with out a lot value. Nevertheless, 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 fitting {hardware}. This broadens entry, as potential miners don’t should depend on expensive BTC mining infrastructure.
