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Marathon’s Layer-2 Chain, Anduro, Plugs In ‘Portal to Bitcoin’ for Atomic Swaps

Jun 18, 2024
    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.
As a researcher with experience in the blockchain industry, I’m excited about the recent development between Marathon Digital Holdings (MARA) and Anduro, a Bitcoin layer-2 network that has integrated the decentralized exchange (DEX) network Portal. This partnership is significant because it aims to enhance the utility of Bitcoin by enabling users to convert assets like ETH into BTC using atomic swaps on the Lightning network.As a analyst, I would put it this way: I, Anduro, a multi-chain layer-2 network nurtured by Marathon Digital Holdings (MARA), which is well-known for its Bitcoin mining activities, have integrated the decentralized exchange (DEX) network Portal into Bitcoin. The primary objective behind this move is to boost the functionality of the world’s pioneering blockchain network. Previously, Portal was simply referred to as Portal, but now it operates within the Bitcoin ecosystem.

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.

Previously called Portal, the corporation recently secured a $34 million seed investment in March. This business employs the Bitcoin secondary layer network Lightning for enabling users to swap assets such as ETH for BTC through atomic swaps – a peer-to-peer process that allows cryptocurrencies to be exchanged across distinct blockchains.

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