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.
