Multichain

Bitcoin

Collective

Marathon Digital, a leading Bitcoin mining firm, has announced its foray into Bitcoin scaling with the introduction of a new multichain layer-2 network called Anduro.&nbsp;
The company unveiled its plans in a blog<a href="https://ir.mara.com/news-events/press-releases/detail/1344/marathon-digital-holdings-introduces-anduro-a-new" rel="noopener noreferrer nofollow"> post</a> on February 28, disclosing that it has been actively incubating this scaling platform to foster the acceleration of Bitcoin development and adoption.
It is important to note that<a href="https://thecoinrise.com/marathon-digital-sets-new-record-with-1853-mined-btc-in-december/" rel="noopener noreferrer nofollow"> Marathon mined a record 1,853 BTC</a> in December 2023, as reported earlier by TheCoinRise. The firm utilized cutting-edge technology and innovative strategies to maximize its mining capabilities.
<h2 id="span-style-font-weight-400-marathon-digital-introduces-anduro-span">Marathon Digital Introduces Anduro</h2>
Anduro distinguishes itself as an application layer geared towards inspiring innovation within the Bitcoin ecosystem. Its primary function is to enable the creation of multiple sidechains, with a strong emphasis on being developer-centric and reliable.&nbsp;
Marathon Digital stated its commitment to community-led and driven development, indicating that while they assisted in the incubation of Anduro, the intention is for the community to steer it.
<h3 id="span-style-font-weight-400-layer-2-solution-for-bitcoin-span">Layer 2 Solution for Bitcoin</h3>
The Layer-2 platform employs a programmable structure that systematically integrates decentralized governance. The goal is to position Anduro as the most reliable and developer-friendly layer-two solution for Bitcoin.&nbsp;
Notably, Marathon Digital is actively working on the initial sidechains for Anduro, Coordinate, and Alys. Coordinate is designed to provide a cost-effective UTXO stack for the Ordinals community, while Alys serves as an Ethereum-compatible sidechain tailored for institutional asset tokenization.
Further, Marathon recently <a href="https://thecoinrise.com/marathon-end-hut-8s-mining-deal-with-with-13-5m-termination-fee/" rel="noopener noreferrer nofollow">ended its deal with Hut 8</a> and had to pay $13.5 million in termination fees. On the other hand, Hut 8 has started the construction of a new <a href="https://thecoinrise.com/hut-8-starts-construction-on-63mw-bitcoin-mining-site-in-texas/" rel="noopener noreferrer nofollow">63-megawatt mining facility</a> in Culberson County, Texas.
<h2 id="span-style-font-weight-400-merge-mining-span">Merge-Mining</h2>
One of the innovative features of Anduro is its utilization of a novel system known as merge-mining. This mechanism allows miners, including Marathon, to earn revenue from Anduro sidechain transactions while concurrently participating in Bitcoin mining activities.
A diverse group of Bitcoin-forward entities known as the Collective is initially in charge of managing Anduro’s governance. However, the Litepaper indicates that this governance structure will evolve, phasing out as trustless alternatives become production-ready.
<h3 id="span-style-font-weight-400-marathon-ceo-weighs-in-span">Marathon CEO Weighs In</h3>
Fred Thiel, Chairman and CEO of Marathon Digital, underscored the company’s commitment to supporting innovation within the Bitcoin ecosystem. 
Thiel emphasized the importance of testing, iterating, and letting the market determine the success of ideas like Anduro, which he believes adds value to Bitcoin holders and application developers, while reinforcing the long-term sustainability of Bitcoin’s proof-of-work.
As Marathon Digital moves forward with Anduro, the company aims to attract influential and aligned partners to invest in the forefront of Bitcoin adoption, as outlined in the Litepaper. This announcement comes on the heels of Marathon’s recent introduction of “Slipstream,” a direct Bitcoin transaction submission service.
The post <a href="https://thecoinrise.com/marathon-digital-unveils-new-multichain-l2-network-anduro/" rel="noopener noreferrer nofollow">Marathon Digital Unveils New Multichain L2 Network, Anduro</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Marathon Digital Unveils New Multichain L2 Network, Anduro

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TheCoinrise Media

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