Bitcoin Layer-2 Network Anduro Incorporates Portal To Enhance Utility

According to CoinDesk, Anduro, a multi-chain layer-2 network fostered by bitcoin miner Marathon Digital Holdings, has integrated the decentralized exchange (DEX) network Portal to Bitcoin. This move aims to boost utility on the world's oldest blockchain network. Marathon, a publicly-traded company, started nurturing Anduro in February as a platform built on the Bitcoin network that enables 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. The company, previously known as Portal, raised a $34 million seed round in March. It uses the Bitcoin layer-2 network Lightning to allow users to convert assets like ETH into BTC through atomic swaps. These are peer-to-peer transactions where cryptocurrencies can be exchanged on different blockchains. This practice is common between Ethereum-based assets and on other blockchains, but is a more recent development on Bitcoin. Anduro's integration could introduce greater utility to Bitcoin and potentially provide additional revenue streams for miners, which explains Marathon's involvement. Anduro’s sidechains employ a process called merge-mining. Participating miners could earn Bitcoin-denominated revenue from transactions that occur on these chains while continuing to mine bitcoin on the base-layer.