Marathon Digital Anduro Initiative: Enhancing Bitcoin Mining

Marathon Digital, a cryptocurrency mining firm, is incubating a multi-chain Layer 2 network called Anduro, primarily leveraging Bitcoin and Anduro.

Marathon Digital, a cryptocurrency mining firm, has announced the incubation of a multi-chain Layer 2 network that will predominantly leverage Bitcoin and Anduro. The business claims that Anduro is a Bitcoin-based platform that opens up new possibilities for innovation in the Bitcoin ecosystem by enabling the construction of numerous sidechains.

The development process is underway for Anduro’s first two sidechains, Coordinate and Alys. Coordinate is an effort to make Ordinals’ UTXO stack more efficient, while Alys is a network that is compatible with EVM and is made specifically for asset tokenization.

The intentions for the network’s development were laid forth by Marathon Digital, with an emphasis on a community-led approach and the incorporation of decentralized governance. Aiming to become the most dependable, developer-centric Bitcoin Layer 2 solution, the network is built to systematically incorporate decentralized governance.

By utilizing a merge-mining scheme, Anduro’s sidechains allow miners to keep mining on the base layer uninterrupted while also having the opportunity to receive Bitcoin-denominated revenue from transactions on the sidechains.

Mr. Fred Thiel, CEO of Marathon Digital, expressed his belief that Anduro would benefit both Bitcoin holders and application developers, while also ensuring the long-term viability of Bitcoin’s proof-of-work system.

The Undisputed Frontrunner in Bitcoin Mining at Marathon Digital

The Bitcoin ecosystem is supported and protected by Marathon Digital, a digital asset technology company. The business mined 12,852 bitcoins last year, worth $563.4 million, and its average operational hash rate increased by 18% month-over-month, hitting 22.4 EH/s.

In addition, the mining pool has been the site of active experimentation by the corporation.

Through the utilization of their proprietary mining pool, Marathon Digital aims to expedite the confirmation process for large or “non-standard” Bitcoin transactions. This new service, Slipstream, was recently unveiled by the company.

Along with other improvements, Marathon Digital recently introduced Anduro, highlighting its essential role in expanding the Bitcoin ecosystem.