Derived from ChainCatcher, Fractal Bitcoin has released FIP-101, a proposal for a standardized data indexing service. The initiative, drafted by core contributor team UniSat, aims to introduce an open-source, permissionless indexing service maintained by core contributors and plans to integrate it into Fractal’s block reward system. The service will unify parsing methods and output structures across protocols, including inscriptions, tokens, and custom metadata. The proposal suggests adjusting the block reward distribution from a 1:2 ratio between collaborative and free mining to a 1:1:1 split among collaborative mining, free mining, and data indexing. It also introduces a non-custodial staking mechanism based on Taproot scripts, allowing users to stake FB tokens to indexing service instances for rewards.
Fractal Bitcoin Proposes Standardized Indexing Service to Be Integrated into Block Reward System
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.