- Portal uses Bitcoin layer-2 network Lightning to allow users to convert assets like ETH into BTC by the use of atomic swaps.As well as introducing greater utility to Bitcoin, Anduro may present an opportunity for further revenue streams for miners, hence Marathon’s involvement.
Marathon, a publicly-held company, initiated the development of Anduro on the Bitcoin network as a platform capable of generating several sidechains in February.
As a researcher, I came across an intriguing piece of news today. A San Francisco-based fintech provider named DEX Network has recently integrated with our project, which I have been closely following. This development was announced via email to CoinDesk and me personally, on Wednesday. Additionally, the project’s name underwent a change to Portal to Bitcoin.
This phenomenon is widely adopted in the realm of Ethereum-backed assets and other blockchain networks. However, it’s a relatively new occurrence within the Bitcoin community.
In addition to enhancing the functionality of Bitcoin, Andro could provide miners with new sources of income; this potential financial gain is likely the reason behind Marathon’s engagement.
As a researcher studying Anduro’s sidechains, I can explain that instead of mining solely on the base-layer blockchain, participants have the opportunity to earn rewards in Bitcoin by engaging in merge-mining. Merge-mining allows miners to process transactions on these sidechains concurrently with their mining activities on the primary Bitcoin network.
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2024-06-19 16:06