Bitcoin

Giant

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 <a rel="noopener noreferrer nofollow" target="_blank" href="https://ir.mara.com/news-events/press-releases/detail/1344/marathon-digital-holdings-introduces-anduro-a-new">blog post</a> 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 <a rel="noopener noreferrer nofollow" target="_blank" href="https://cointelegraph.com/news/bitcoin-miner-marathon-digital-breaks-btc-production-record-december">mining giant</a> 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 <a rel="noopener noreferrer nofollow" target="_blank" href="https://assets.website-files.com/65d7ad8d6664c459f717e27d/65df8f7ebb389f536270cf0e_Anduro-Litepaper.pdf">Litepaper</a>, 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.

Crypto Mining Giant Marathon Digital Unveils Bitcoin Layer 2 Network Anduro

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