Jamie Crawley is a CoinDesk news reporter based in London.
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. Anduro, a multi-chain layer-2 network incubated by bitcoin miner Marathon Digital Holdings , has incorporated the decentralized exchange network Portal to Bitcoin – formerly known simply as Portal – with the goal of enhancing utility on the world's oldest blockchain network.The integration with a San Francisco-based fintech provider DEX network coincides with a renaming of the project to Portal to Bitcoin, according to an emailed announcement shared with CoinDesk on Wednesday.
As well as introducing greater utility to Bitcoin, Anduro may present an opportunity for further revenue streams for miners; hence Marathon's involvement. Anduro’s sidechains use a process called merge-mining, whereby participating miners could earn Bitcoin-denominated revenue from transactions that occur on these chains while continuing to mine bitcoin on the base-layer.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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