Crypto Mining Giant Marathon Digital Unveils Bitcoin Layer 2 Network Anduro

Crypto Mining Giant Marathon Digital Unveils Bitcoin Layer 2 Network Anduro

Reported by Cointelegraph, crypto mining giant Marathon Digital is venturing into Bitcoin scaling with a newly announced multichain layer-2 network called Anduro.

The company revealed that it has been incubating the scaling platform, designed to accelerate Bitcoin development and adoption, in a blog post on Feb. 28.

Anduro is intended to serve as an application layer and encourage innovation within the Bitcoin ecosystem by allowing the creation of multiple sidechains.

The programable layer-2 is designed to “systematically integrate decentralized governance, with a focus on becoming the most reliable, developer-centric Bitcoin layer-two,” the firm stated.

While Marathon has helped incubate Anduro, it is intended to be community-led and driven, it added.

The mining giant said it is also working on the first two sidechains on Anduro, Coordinate and Alys. Coordinate offers a cost-effective UTXO (unspent transaction output) stack for the Ordinals community, and Alys is an Ethereum-compatible sidechain for institutional asset tokenization.

Anduro utilizes a novel system called merge-mining, which could allow miners like Marathon to earn revenue from Anduro sidechain transactions while continuing to mine Bitcoin.

According to the Litepaper, governance happens via a “diverse consortium of Bitcoin-forward entities known as the Collective.” However, this will be phased out once trustless alternatives reach production readiness.

Source

Bitcoin

Mining

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