All the contents are quoted from the article “Announcement 1 on Fractal Public Chain Main Network Switching (Major Features)” on Fractal blog
Through the unremitting efforts of the development team, Fractal public chain has changed from the concept to reality. With the arrival of the main network online schedule in June, the curiosity and expectations of the token economy supporters and FCoin users are on the rise. Today, we will focus on the main features of the Fractal public chain which will be officially launched soon, and unveil the mysterious Fractal.
Fractal is a public chain system that supports the development of the token economy as the primary goal. It is not very easy to understand the deep meaning of this sentence literally, so we will try to understand it in a simple way, which is: Fractal aims to implement the public-chain during the practice of the token economy.
FCoin is a positive practitioner of the token economy, and due to the lack of basic infrastructure of the token economy, FCoin’s practice on the token economy has to rely on a centralized platform. The primary purpose of the Fractal public chain is to bring the current FCoin community's practice of the token economy, to the chain.
In other words, Fractal is the public chain developed for the real needs and real pain points in the token economy, which is the most prominent feature of Fractal.
Under this circumstance, the upcoming Fractal public chain has the following important features. With these important features in mind, you can have a more comprehensive and overall understanding of the Fractal public chain.
The native multiple assets account
It is normal for an account to own multiple assets, while the current mainstream public chain does not support this multiple asset account. Taking Ethereum as an example, the ERC20 token held by the users is essentially a data record in a third-party contract which is different from Ethereum. Ethereum does not provide security support and protection for these data records at the platform level. Simply speaking, the assets held by the users do not exist under the user's account. The Fractal public chain is a native account with multi-asset structure, and the native assets are more secure than the contract assets; the other assets under the account are equal to FToken, and there is no difference between “base assets” or “subsidiary assets”, so that developers and users can manage other assets like FToken. At the same time, Fractal improved and perfected the asset issuance process, making the Token issuing safe, convenient, efficient and flexible. The native multiple assets account not only contributes to the unified processing of all assets by wallet, browser and other ecology component but also ensures the security and convenience of the asset using from a platform perspective.
Asset mapping mechanism
Asset cross-chain is an inevitable requirement for the development of the token economy. It is easy to map other digital assets and real assets to Fractal through the asset mapping mechanism.
Innovative agreement assets
At present, the types of assets on the chain are relatively simple, while in real needs and practices, the types of assets are diverse. Different asset types have different trading and circulation requirements. For example, the locked asset on FCoin trading platform is a kind of agreement asset. Through innovative agreement assets, Fractal can support more asset types needed in practice.
In addition to the asset type, the single asset structure is also the pain point during the current practice of the token economy. Fractal supports complex asset structures through sub-assets.
On-chain snapshot function
Fractal's on-chain snapshots are available for smart contract requests, providing indispensable support for token economy scenarios such as dividends and voting.
A new fee-allocation mechanism
The transaction fee income is only obtained by miners in tradition. Under this mechanism, it is difficult for other ecological contributors to obtain matching incentives. Fractal has innovated the fee-based income mechanism of the blockchain, therefore, other ecological partners such as token issuers and contract providers can obtain corresponding incentives. A more reasonable fee allocation mechanism is beneficial to the healthy development of the token economy.
Fractal uses an account model, which is easy to remember and promote compared with the address. There are other popular public chains adopting account models at present. We believe readers know more about them, so we won’t spend more time to explain them in depth here.
Multiple security controls of the account
Supports hierarchical permission control; supports assigning permissions to public keys, addresses, other accounts, etc.; supports setting different weights for each public key/address/account, to realize permission control through multiple signatures of multiple public keys/addresses/accounts.
The above are several important features of the upcoming Fractal public chain.
FCoin will hold its first-anniversary event on May 24, 2019, when the Fractal development team will announce the exact time of the main network switch, so stay tuned.
Fractal development team
April 21, 2019