Marathon’s Layer-2 Chain Anduro Connects to ‘Portal to Bitcoin’ for Atomic Swaps

• The Portal uses Bitcoin’s layer-2 Lightning network to allow users to convert assets like ETH to BTC through atomic swaps.

• In addition to introducing greater utility to Bitcoin, Anduro could represent an opportunity for new revenue streams for miners, hence Marathon’s involvement.

Anduro, a layer 2 multi-chain network incubated by bitcoin mining company Marathon Digital Holdings (MARA), has incorporated the Portal for Bitcoin decentralized exchange (DEX) network – previously known simply as Portal – with the aim of increasing utility in the world’s most old blockchain network.

Publicly traded marathon started incubating Anduro in February as a “platform built on the Bitcoin network that allows the creation of multiple sidechains.”

The integration with the San Francisco-based fintech provider DEX network coincides with the project’s renaming to Portal for Bitcoin, according to an email announcement shared with CoinDesk on Wednesday.

The company formerly known as Portal raised a $34 million seed round in Marchand uses Bitcoin’s layer-2 Lightning network to allow users to convert assets like ETH to BTC through atomic swaps – peer-to-peer transactions where cryptocurrencies can be exchanged across different blockchains.

Such a practice is common among assets based on Ethereum and other blockchains, but it is a much more recent development in Bitcoin.

In addition to introducing greater utility to Bitcoin, Anduro could represent an opportunity for new revenue streams for miners; hence the involvement of the Marathon.

Anduro sidechains use a process called blended mining, whereby participating miners could earn Bitcoin-denominated revenue from transactions occurring on these chains, while continuing to mine bitcoin on the base layer.

See more information: Crypto for Consultants: Layer 2 and the Evolution of Bitcoin

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