- Binance Pool now allows merged mining for Fractal Bitcoin rewards.
- Fractal Bitcoin promises to increase scalability while retaining security.
In a strategic update, Binance Pool has welcomed merged mining for Fractal Bitcoin (FB) a layer 2 Bitcoin scaling solution. This results in the miners being able to mine bitcoins while receiving their rewards in fractal Bitcoin. Miners now have an evolving new opportunity within the rapidly progressing crypto landscape, although the asset is not yet available for direct purchase from Binance.
Fractal Bitcoin represents a side-chain scaling solution that uses the core code of Bitcoin, enhancing scalability without sacrificing security or decentralization. Its design ensures high scalability with the core principles of Bitcoin. Therefore, Fractal Bitcoin seeks to better function for developers and users in the direction that was a part of the original Bitcoin plan for a decentralized digital economy.
Fractal Mainnet and Bitcoin Layer 2 Integration
Launched in September, the Fractal Mainnet is extremely close to Bitcoin’s genesis. The project integrates Layer 2 solutions like the OP CAT opcode, whose primary motive is to enhance functionality in support of this innovation called ZK rollups. Thus, developers can build solutions to are highly scalable without having a layer that could disrupt the core blockchain.
To participate in Fractal Bitcoin mining on Binance Pool, one needs to set up an account on Binance Pool, linking any external wallet that supports the minimum amount of 0.1 FB. Ensuring that adequate mining equipment as well as a stable power and internet connection is always available is of primal importance. After some configurations, users can check mining performance and earnings directly through the Binance Pool site.
Fractal Bitcoin rewards use PPLNS, with a minimum payout of 0.1 FB. The system saves payouts below this threshold in the account balance until it pays them out. Binance also employs a VIP tier system for miners who can dedicate higher computing power from their machines, rewarding those with higher Hashrates.
And all this at the time of writing Fractal Bitcoin (FB) is trading at $5.15 with a decline of 14 24% a market capitalization of $32.55M and a trading volume of $27.51M. Bitcoin (BTC) marching in green and trading at $91,620 that is increased to 1.62% within the $1.82T market cap in the last 24 hours
This collaboration with Fractal Bitcoin emphasizes Binance’s role in furthering Layer 2 Bitcoin solutions. While Fractal Bitcoin has yet to be listed directly on the exchange, Binance Pool serves as the key point of entry for miners seeking more flexible, scalable solutions aligned with Bitcoin’s decentralized principles. As this technology evolves, Binance is positioning itself as a leader in the future of Bitcoin-anchored Layer 2 solutions.
