TL;DR
- Marathon Digital Holdings has launched Anduro, a new multi-chain layer-two network on Bitcoin, aimed at enhancing functionality and promoting wider adoption.
- Anduro is designed to function as an application layer, reinforcing the fundamental incentives of Bitcoin’s Proof-of-Work. It enables the establishment of multiple sidechains, fostering innovation within the Bitcoin ecosystem.
- Marathon is developing the first two sidechains on Anduro, Coordinate, and Alys, which can be further developed by contributors to open-source. These chains demonstrate the flexible programmability of Anduro.
Marathon Digital Holdings, a prominent player in the Bitcoin landscape, has introduced Anduro, a novel multi-chain layer-two network on Bitcoin. This groundbreaking platform is engineered to enhance functionality and foster broader adoption.
While the decentralization, security, and popularity of Bitcoin can attract blockchain developers, the existing functionality of the network can present obstacles for developers aiming to expand their blockchain applications.
In a bid to stimulate Bitcoin development and adoption, Marathon has been nurturing Anduro. The initiative is designed to function as an application layer while reinforcing the fundamental incentives of Bitcoin’s Proof-of-Work. It’s a platform constructed on the Bitcoin network that enables the establishment of numerous sidechains, paving the way for innovation within the Bitcoin ecosystem.
Although Marathon has played a role in fostering Anduro, the network is designed to be guided and driven by the community. The network is systematically designed to incorporate decentralized governance, with an emphasis on becoming the most dependable, developer-focused Bitcoin layer two.
Marathon is already in the process of developing the first two sidechains on Anduro, namely Coordinate and Alys, which can be further developed by contributors to open-source. These chains exemplify the flexible programmability of Anduro. Coordinate provides a cost-efficient UTXO stack for the Ordinals community, while Alys is a chain compatible with Ethereum for institutional asset tokenization.
Merge-Mining: A Unique Feature of Marathon Digital’s Anduro Sidechains
The sidechains of Anduro employ a method known as merge-mining. Miners who participate, like Marathon, may have the opportunity to earn revenue denominated in Bitcoin from transactions that take place on Anduro’s sidechains while continuing to mine Bitcoin on the base layer without interruption.
As the most influential publicly traded Bitcoin miner committed to processing Bitcoin transactions and securing the network, Marathon has a vested interest in promoting innovation in the Bitcoin ecosystem, which includes nurturing projects like Anduro, stated Fred Thiel, Marathon’s Chairman, and CEO.
To begin with, Anduro enhances Marathon’s growing tech portfolio by possibly creating a new income stream from fees. Furthermore, Anduro could potentially stimulate the adoption of Bitcoin by expanding its functionality.
The company is a firm believer in testing, iterating, and allowing the market to determine the success of ideas. They believe Anduro is one such idea that offers value to Bitcoin holders and application developers, all while bolstering the long-term sustainability of Bitcoin’s Proof-of-Work.
