Marathon Digital reveals details for Bitcoin L2 multichain Anduro
Anduro also features "merge-mining," a new BTC-earning program that earns from sidechain transactions.
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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 network since last year, which also saw the addition of Ordinals to the ecosystem. Platforms such as Stacks (STX) and Rootstock (RSK) have added smart contract and dApp development functionality to the ecosystem.
Developments like these, alongside massive inflows from institutional players, have directly contributed to Bitcoin’s recent rally past $60k. At the time of writing, BTC is trading at roughly $62,500, according to CoinGecko data.
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