Marathon\'s Layer-2 Chain, Anduro, Plugs In \'Portal to Bitcoin\' for Atomic Swaps
- 王林Original
- 2024-06-20 06:10:49438browse
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."
A new layer-2 chain from bitcoin miner Marathon Digital Holdings (MARA) is plugging into a "portal to Bitcoin" for atomic swaps.
Anduro, a multi-chain layer-2 network being incubated by Marathon, has incorporated the decentralized exchange (DEX) network Portal to Bitcoin – formerly known simply as Portal – with the goal of enhancing utility on the world's oldest blockchain network.
Publicly-traded Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains." The integration with a San Francisco-based fintech provider DEX network coincides with a renaming of the project to Portal to Bitcoin, according to an emailed announcement shared with CoinDesk on Wednesday.
The company formerly known as Portal raised a $34 million seed round in March, and uses the Bitcoin layer-2 network Lightning to allow users to convert assets like ETH into BTC by the use of atomic swaps - peer-to-peer transactions where cryptocurrencies can be exchanged on different blockchains.
Such practice is commonplace between Ethereum-based assets and on other blockchains, but is a far more recent development on Bitcoin.
As well as introducing greater utility to Bitcoin, Anduro may present an opportunity for further revenue streams for miners; hence Marathon's involvement.
Anduro’s sidechains use a process called merge-mining, whereby participating miners could earn Bitcoin-denominated revenue from transactions that occur on these chains while continuing to mine bitcoin on the base-layer.
News source：https://www.kdj.com/cryptocurrencies-news/articles/marathon-layer-chain-anduro-plugs-portal-bitcoin-atomic-swaps.html
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