Marathon Digital Rolls Out Its Anduro Bitcoin Layer 2 Network Alongside Sidechains Coordinate and Alys
In Brief
Marathon Digital has introduced Anduro, a new Layer 2 network that facilitates the development of various sidechains aimed at fostering innovation within the Bitcoin space.
Cryptocurrency mining company Marathon Digital they have announced the launch of Anduro, a multi-chain Layer 2 network that focuses on Bitcoin technology. This platform is established on the Bitcoin framework and allows for the creation of several sidechains, opening up fresh opportunities for innovation in the Bitcoin arena.
The initial pair of sidechains being developed on Anduro, Coordinate and Alys, are currently in the testing stages. Coordinate aims to optimize the efficiency of the UTXO stack, while Alys is tailored to function as an EVM-compatible network designed for asset tokenization. Ordinals Marathon Digital has laid out its vision for the future of this network, emphasizing a community-driven approach and a dedicated focus on decentralized governance. This approach is aimed at gradually developing Anduro into a trustworthy, developer-focused network.
The sidechains within Anduro utilize a merge-mining strategy, which allows miners involved to potentially earn Bitcoin from transactions that take place within these sidechains while still mining on the primary Bitcoin layer. Bitcoin Layer 2 solution.
"We view Anduro as a significant initiative that adds value for Bitcoin investors and application developers, and it also bolsters Bitcoin’s proof-of-work sustainability for the long haul,\" expressed Fred Thiel, CEO of Marathon Digital.
Marathon Digital’s Leadership in the Bitcoin Mining Sphere
Marathon Digital is committed to being a leading player in the digital asset technology sector, focusing on both the advancement and security of the Bitcoin network. Last year, this firm mined a total of 12,852 bitcoins, which translates to around $563.4 million, while also seeing an impressive 18% month-over-month increase in its average operational hash rate, hitting 22.4 EH/s.
Additionally, this mining operation has been actively testing new initiatives within its mining pool.
Recently, Marathon Digital introduced the Slipstream service, designed to expedite the confirmation process for larger or 'non-standard' Bitcoin transactions by utilizing its proprietary mining pool aimed at enhancing transaction processing efficiency.
With the recent launch of Anduro and other significant updates, Marathon Digital continues to play a crucial role in the progression of the Bitcoin ecosystem.
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In line with the Trust Project guidelines Alisa, a passionate journalist working at Cryptocurrencylistings, specializes in areas such as cryptocurrency, zero-knowledge proofs, investments, and the broad domain of Web3. With a sharp perspective on emerging trends and technologies, she provides in-depth coverage, keeping readers well-informed about the dynamic world of digital finance.
