February 29th: Marathon Digital HoldingsA publicly traded Bitcoin mining company has revealed that it is developing Anduro, a new programmable multi-chain layer 2 network on top of the Bitcoin blockchain. According to a press release, it is a “platform built on the Bitcoin network that enables the creation of multiple sidechains.” “Marathon has already developed its first two sidechains in Anduro, Coordine and Alys, which can be further developed by open source contributors. These chains demonstrate the flexible programmability of Anduro. Cooperative provides a cost-effective UTXO stack for the Ordinals community, while Alys is an Ethereum-compatible chain for institutional asset tokenization. Anduro’s sidechain utilizes a process called merge mining. Participating miners like Marathon have the potential to earn Bitcoin units of revenue from transactions that occur on Anduro’s sidechain while continuing to mine Bitcoin at the base. Without.
Protocol villages are a regular feature. protocola weekly newsletter that explores the technology behind cryptocurrencies one block at a time. Please register here Delivered to your inbox every Wednesday.Project teams can submit updates here. For previous versions of Protocol Village, see here. here.Please also check out the weekly magazine protocol Podcast.