Marathon Digital, a listed cryptocurrency mining company in the United States, is incubating a Bitcoin Layer 2 network platform called Anduro, which allows the deployment of multiple sidechains on the Bitcoin ecosystem.
Marathon Digital stated that Anduro utilizes a system called “merged mining,” where miners can earn additional income in Bitcoin from sidechain transactions while mining Bitcoin on the underlying layer. According to Marathon Digital’s announcement, the company has built two sidechains on Anduro, namely Coordinate and Alys, which are currently under development. Coordinate aims to provide more efficient UTXO stacking for Ordinals, while Alys is a EVM-compatible network that can be used for asset tokenization and other applications.
Fred Thiel, Chairman and CEO of Marathon Digital, stated that the company is committed to advancing the development of the Anduro platform and believes it has the potential to enhance the Bitcoin ecosystem and provide new opportunities for miners.
