Share this article
Crypto mining firm Marathon Digital has revealed that it is developing a multichain named Anduro.
The project is described as a platform built on the Bitcoin network that “allows for the creation of multiple sidechains.” Along with Anduro, the firm also said it is developing two additional sidechains, Coordinate and Alys.
Marathon intends Anduro to be the application layer, which will enable the creation of multiple sidechains on the Bitcoin (BTC) ecosystem. On the other hand, the Coordinate sidechain is intended to provide a cost-effective UTXO (unspent transaction output) stack for Bitcoin Ordinals, while Alys is EVM-compatible and intended for real-world asset (RWA) tokenization.
Anduro also features what is called “merge-mining,” in which miners can potentially earn BTC revenue from sidechain transactions while they mine BTC.
In the post, the firm also emphasized Anduro’s decentralized governance, which is to be led by the community itself. The project’s accompanying Litepaper states that Anduro’s governance will be managed by a “diverse consortium of Bitcoin-forward entities […] which will be phased out once trustless alternatives reach production readiness.”
These pronouncements all point toward Marathon’s efforts at supporting the Bitcoin network and towards decentralization.
“[…] 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,” Marathon chairman and CEO Fred Thiel claimed.
Layer 2 networks have been increasingly gaining traction on the Bitcoin
Go to Source to See Full Article
Author: Vince Dioquino
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
