We all are quite familiar with the term crypto mining. Recently the digital currency mining giant Marathon is taking the initiative in scaling Bitcoin with a newly announced multichain layer-2 network called Marathon Digital Enduro. The company shared a post about this yesterday. And in the blog they wrote they stated that they have designed their platform to accelerate the development and adoption of Bitcoin from their platform. That is why they are incubating their platform today.
Anduro serves as an application layer to foster innovation in the Bitcoin ecosystem. Their main purpose was to allow the creation of multiple sidechains as well as encourage innovation within the Bitcoin ecosystem. And for that programmable layer-2 is designed. which aims to provide decentralized facilities. And they are designed to integrate decentralized governance. And if decentralized governance can be integrated, it can focus on being the most reliable, developer-centric Bitcoin layer-two. And now decentralized governance is very important.
But more importantly, the marathon helped incubate enduro. Incubating Marathon Enduro aims to be community led and driven. It even works as a sidechain. This is what the mining giant said. But said it is also working on the first two sidechains of Enduro, Coordinate and Alice. Coordinate Ordinals offers a cost-effective UTXO (unspent transaction output) stack to the community, and Alice is an Ethereum-compatible sidechain for institutional asset tokenization.
For that Anduro uses a new system known as merge-mining. Such merge-mining systems benefit from earning revenue from sidechain transactions during Bitcoin mining, just as Anduro earns revenue from sidechain transactions while miners like Marathon continue to mine Bitcoin. But the important point here is that alternative productions are unreliable. And it's phased out once those untrusted options reach production readiness.
Supporting innovation in the firm's Bitcoin ecosystem is critical. And the company has a vested interest in supporting this innovation. Today, projects like Anduro are included to support all of these Bitcoin ecosystem innovations. For that, the company decided to test, iterate and market. And to do these things they must believe in their work and they hope that their work will be successful even if their ideas are successful. Even Anduro is one of the ideas that provide value to Bitcoin holders and application developers. And these ideas are time for developers to strengthen Bitcoin's long-term sustainability.
For that the firm has considered the number of steps through which it wants to move forward. Their next step in this is to recruit “influential and connected partners” to invest in the forefront of Bitcoin adoption. They even want to add a direct bitcoin investment deposit service. That's why they took a new step earlier this month, marathoning "Slipstream," which unveiled a direct Bitcoin transaction submission service. Even following last year's Ordinals and BRC-20 hype, the Bitcoin Layer-2 narrative is gaining momentum. However, this resulted in Bitcoin again skyrocketing after rising to multi-year highs. Anduro utilizes merge-mining, which could allow miners to earn revenue from sidechain transactions while continuing to mine BTC. However if you want to know more details about this then you can read this news.
Posted Using InLeo Alpha