Buy Fractal (FCL)

What is Fractal?

Fractal is an open protocol designed to facilitate the secure and private exchange of information. It focuses on enabling users to share and potentially monetize their data while maintaining confidentiality. The protocol emphasises an ecosystem that allows data exchange with an emphasis on protecting user privacy and enhancing data security.

How does Fractal work?

Fractal operates on the Polkadot blockchain, leveraging its shared security model. It uses a utility token, FCL, which underpins the incentive mechanisms within the protocol. This model encourages the secure sharing and monetisation of data, facilitating ecosystem growth and ensuring continuous demand for the token.

What are the potential use cases for Fractal?

1. Data Monetisation: Users can use the protocol to sell their data securely, creating new revenue streams.
2. Decentralised Identity Solutions: Fractal ID offers a comprehensive identity verification service that is chain-agnostic, enhancing privacy and interoperability.
3. DeFi Applications: Being able to lend or borrow Fractal tokens, users can participate in decentralised finance activities.
4. Web3 Applications: Access to decentralised applications, marketplaces, and games built on Web3 can be facilitated through Fractal.
5. Arbitrage Opportunities: The technology can be used to exploit price differences in cryptocurrency markets securely.

What is the history of Fractal?

Fractal was founded in 2015 by Julian Leitloff and Julio Santos. The project was officially launched on mainnet with significant milestones, including the introduction of the FLUX protocol, which enables asset issuance on the network. The protocol also integrates innovations such as Cadence Mining for its consensus mechanism, which supports dual mining with Bitcoin, enhancing the project's technical capabilities and expanding its market presence through various partnerships.