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Marathon Digital Introduces Anduro, a Multichain Layer-2 Network

Marathon Digital Introduces Anduro, a Multichain Layer-2 Network

Key Takeaways

  • Marathon Digital announces Anduro, a multichain Layer-2 network, to enhance Bitcoin scalability and innovation.
  • Anduro features merge mining and decentralized governance.
  • The network plans to grow through community leadership and the integration of partners aligned with Bitcoin's future advancements.

Marathon Digital, a frontrunner in the crypto mining industry, has introduced Anduro, a multichain Layer-2 network.

Anduro aims to function as an application layer, enabling the creation of multiple sidechains to spur innovation within the Bitcoin ecosystem, as stated in a press release on February 28.

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Anduro integrates merge-mining, a mechanism that allows garnering additional revenue from sidechain transactions while continuing Bitcoin mining operations.

Marathon has developed two sidechains, Coordinate and Alys, each catering to specific community needs. Coordinate is designed to provide a "cost-effective UTXO stack for the Ordinals community," and Alys is an "Ethereum-compatible chain for institutional asset tokenization."

Fred Thiel, Marathon's Chairman and CEO, expressed the company's dedication to nurturing Bitcoin's ecosystem through such innovative projects:

We believe Anduro is one of those ideas that provides value to Bitcoin holders and application developers, all while reinforcing the long-run sustainability of Bitcoin’s Proof-of-Work.

Designed with a keen focus on reliability and developer-friendliness, Anduro embodies a systematic approach to decentralizing governance.

Governance within Anduro is initially managed by the Collective, a structure slated for a transition towards more trustless alternatives, ensuring a community-led direction for the network's future.

This development marks a leap forward in the company's commitment to accelerating Bitcoin development and broadening its adoption across various applications.

Marathon's commitment to innovation was also marked by the introduction of Slipstream earlier this month. It is a service set to transform the way large and non-standard Bitcoin transactions are confirmed.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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