Crypto mining giant Marathon Digital is venturing into itcoin">Bitcoin scaling with a newly announced multichain layer-2 network called Anduro. Unveiled this week, Anduro is intended to serve as an application layer and encourage innovation within the itcoin">Bitcoin ecosystem by allowing the creation of multiple sidechains.
The programmable layer-2 utilizes a novel system called merge-mining, which could allow miners like Marathon to earn revenue from Anduro sidechain transactions while continuing to mine itcoin">Bitcoin. Anduro aims to accelerate itcoin">Bitcoin development and adoption by providing a platform for building sidechains that extend itcoin">Bitcoin’s functionality into areas like smart contracts and institutional asset tokenization.
While Marathon helped incubate Anduro, it is intended to be community-led and driven. The mining firm said it is working on the first two sidechains – Coordinate and Alys – but that Anduro will eventually be governed by a trustless consortium called the Collective. Marathon’s CEO Fred Thiel said the company has a vested interest in supporting innovation that provides value to itcoin">Bitcoin holders, and that Anduro reinforces the sustainability of itcoin">Bitcoin’s proof-of-work model. As layer-2 platforms gain traction in 2023, the launch of Anduro taps into momentum around scaling itcoin">Bitcoin for the future.
