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Marathon Digital Holdings, one of the industry’s largest public Bitcoin mining companies, confirmed the support of new protocols and networks related to Bitcoin on Wednesday. Enduro, a project that the company insists on at the top of the recent developments, is a multi-chain ecosystem that connects to the Bitcoin blockchain.
Besides, Anduro mining uses “merge mining,” meaning that the miners receive rewards for sidechain transactions and mine Bitcoin.
According to Marathon Digital’s CEO, Fred Thiel, Anduro reinforces Bitcoin’s sustainability by encouraging miners to secure both Bitcoin and related sidechains.
According to Thiel, Anduro’s value lies in the ability of Bitcoin holders and developers to build on Bitcoin. Sidechains assess other transactions and new smart contracts that could be useful for the Bitcoin blockchain through merge mining.
As the next development for crypto financial service provider Anduro, Marathon views Web 3.0. The organization sees Ordinals as a foundation for its advancements.
Ordinals focus on building the bridge between fiat currency and Bitcoin, including the Securities tokenization on the blockchain. Anduro can support the development of great utility sidechains through the technological platform because they facilitate diverse financial transactions.
To further progress Anduro and related projects, Marathon Digital Group sold $35 million worth of Bitcoin for $68.9 million in January 2023. At the end of 2022, the marathon, which had 10,200 bitcoins valued at $170 million, was in possession.
Also Read: Marathon Digital Launches ‘Slipstream’ For Bitcoin Transactions
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