Marathon Digital Holdings has unveiled Anduro, a groundbreaking Layer 2 solution designed to propel the Bitcoin network into a new era of development and adoption.
Learn more about how this platform aims to become the most trusted developer-centric layer for Bitcoin, along with the development of its first sidechains, Coordinate and Alys.
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Anduro, BTC's sidechain development platform
On February 28, 2024, Marathon Digital Holdings, a BTC mining company listed on NASDAQ, announced the launch of Anduro, a Layer 2 network built on the Bitcoin network.
Anduro is designed as a multi-chain compatible Layer 2 platform with the goal of accelerating the development and adoption of Bitcoin.
A Community-Driven, Decentralized Application Layer for Bitcoin
The platform aims to function as the "application layer of Bitcoin," thereby enhancing the fundamental incentives of Bitcoin, which utilizes Proof of Work (PoW).
It is explained that by allowing the creation of multiple sidechains, Anduro offers a new path for innovation within the Bitcoin ecosystem.
Furthermore, Anduro aspires to be a "community-driven decentralized network," focusing on becoming "the most reliable developer-centric Bitcoin Layer 2."
The design incorporates deliberate decentralized governance, aiming for planned adoption by the community.
Development of Sidechains Coordinate and Alys Underway
Within this announcement, Marathon Digital also reported the development of two sidechains on Anduro: Coordinate and Alys. These will be the first sidechains deployed on Anduro and have the potential for further development by open-source contributors.
Coordinate is described as offering a cost-effective UTXO stack for the Ordinals community, while Alys is presented as an Ethereum-compatible chain for the tokenization of institutional assets.
Merge Mining: A Strategy for Sidechain Efficiency
The sidechains of Anduro will utilize a process known as "merge mining," allowing miners, including Marathon, to continue mining on the base Bitcoin layer without interruption, while simultaneously earning Bitcoin-denominated revenue from transactions occurring on the Anduro sidechains.
More information about Anduro can be found on "Anduro's Official Website".
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