Bitcoin Renaissance #5 - Bitcoin goes Fractal

Happy Friday Maestros and welcome to another week of the Bitcoin Renaissance!

This week, we’re taking a deep dive into Fractal and its Q4 roadmap, alongside key developments in Bitcoin infrastructure, security etc. including everyone’s favourite HBO documentary, the latest in the BTC cycle and more

Let’s dive into the key stories from the ecosystem

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 🟠 Featured Stories

HBO's Satoshi Documentary Faces Backlash: HBO's "Money Electric: The Bitcoin Mystery" sparks ridicule in the crypto community for its claims about Peter Todd being Satoshi Nakamoto.

Fractal Bitcoin Q4 2024 roadmap:  Key features include the October activation of Runes for bridging from the Bitcoin mainnet, CAT20 indexing & a trust-free trading market. Governance enhancements to boost community involvement, and secure cross-chain asset trading by December.

UAE Announces 0 tax on crypto: The Middle Eastern nation will eliminate Value Added Tax (VAT) on all cryptocurrency and digital asset transfers starting November 15, 2024.

Proof of Reserves Guide: River Financial explains Proof of Reserves (PoR) as a crucial process for companies in the Bitcoin industry to verify asset sufficiency, enhancing transparency.

Bitcoin’s changing Texas: Bitcoin mining has revitalized Rockdale, Texas, thanks to a $1 billion investment that created hundreds of mid-skill jobs for locals.

💡 Spotlight: Fractal - The future of Bitcoin

Fractal Bitcoin is a groundbreaking side chain designed to enhance Bitcoin's scalability while adhering to its core principles. It uses a recursive architecture to address network congestion and reduce block confirmation times to 30-60 seconds.

Key Features

• Recursive Scalability: Supports unlimited layers, each offering up to 20 times the base layer's capacity.

• Cadence Mining: Allows Bitcoin miners to participate in Fractal every three blocks, optimizing resource use.

• Smart Contract Support: Reintroduces the OP_CAT opcode for Turing-complete smart contracts, enabling advanced DeFi and NFTs.

• Dynamic Block Management: Adjusts active layers based on demand for efficient operation.

• Interoperability: Compatible with Bitcoin standards like BRC-20 tokens and Ordinals.

Q4 Roadmap Highlights:

• Runes Activation: Bridging Runes from the Bitcoin mainnet.

• CAT20 Enhancements: Improving asset management.

• Community Engagement: Establishing rewards programs for user involvement.

• Expanded Grant Program: Funding projects for growth.

• Wallet Provider Integration: Enhancing accessibility.

Fractal addresses network congestion, fosters innovation with smart contracts, and strengthens security through merged mining. Launched on September 9, 2024, it aims to redefine user interaction within the Bitcoin ecosystem. This version captures the essence of Fractal while being even more succinct.

Keep an eye out and learn more here.

📣 Trending on X

• $TAP Token Utility Announcement: As the $TAP Token Generation Event (TGE) approaches, specific utilities for the token will be revealed.

• Bitcoin Puppets Flip MAYC: Bitcoin Puppets has surpassed MAYC by market cap.

• The Core DAO Fusion Update incoming: introducing dual staking, maximizing earnings, along with the LstBTC launch.

• Liquidium Audit Success: Liquidium completed a comprehensive audit on confirming the security of its core Bitcoin components with no major issues.

That’s a Wrap

Rate the HBO Documentary about Satoshi Nakamoto’s identity👇️