Marathon launches Anduro, a multichain layer-2 network
Key Takeaways
- Marathon Digital announced Anduro, a multi-chain Layer-2 network to power Bitcoin scalability and innovation.
- Anduro features merged mining and decentralized governance.
- The network plans to grow through community leadership and partner integration to align with Bitcoin’s future development.
marathon digital, A leader in the cryptocurrency mining industry, introduced Anduro, a multichain Layer-2 network.
Anduro aims to: Application layer that enables creation of multiple sidechains As stated in the February 28th press release, it promotes innovation within the Bitcoin ecosystem.
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Anduro integration merged mining, It is a mechanism that allows you to earn additional profits through sidechain transactions while continuing your Bitcoin mining operations.
Marathon has evolved Two sidechains, Coordinate and Alys, Each serves the needs of a specific community. Coordinate is designed to provide “a cost-effective UTXO stack for the Ordinals community,” while Alys is “an Ethereum-compatible chain for tokenizing institutional assets.”
Fred Thiel, Chairman and CEO of Marathon, expressed the company’s commitment to fostering the Bitcoin ecosystem through innovative projects such as:
We believe Anduro is one of the ideas that will strengthen the long-term sustainability of Bitcoin Proof-of-Work while providing value to Bitcoin holders and application developers.
design We focus on reliability and developer friendliness. Anduro implements a systematic approach to decentralized governance.
Governance within Anduro is managed by the Collective, a structure initially planned to transition to a more untrustworthy alternative. A community-led direction for the future of networking.
This development marks a major leap forward in the company’s efforts to accelerate Bitcoin development and expand adoption across a variety of applications.
Marathon’s commitment to innovation was also demonstrated with the introduction of Slipstream earlier this month. A service aimed at changing the way large-scale, non-standard Bitcoin transactions are confirmed.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
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