Marathon Digital, a US-listed cryptocurrency mining company, is incubating a Bitcoin Layer 2 network platform called Anduro, which allows for 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 at the base layer. According to Marathon Digital’s announcement:
The company has built two sidechains, Coordinate and Alys, on Anduro, which are currently under development. Coordinate aims to provide more efficient UTXO stacking for Ordinals, while Alys is an EVM-compatible network that can be used for asset tokenization and other applications.
Fred Thiel, Chairman and CEO of Marathon Digital, stated:
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