How Marathon’s Anduro side chain could unlock bitcoin’s potential for Web3

Bitcoin’s potential as both a stable asset and disruptive technology was the focus of a recent discussion between Roundtable host Rob Nelson and Paul Giordano, VP of Digital Asset Management at Marathon. They delved into Bitcoin’s evolving role beyond just digital gold and explored its utility in building the future of Web3.

Nelson asked an intriguing question about bitcoin’s stability and utility amid global volatility. He highlighted Michael Saylor’s significant investment in bitcoin through his company MicroStrategy and wondered whether bitcoin’s future value extends beyond being a mere store of value.

Paul Giordano agreed, emphasizing that bitcoin has truly been the best store of value for the past 15 years. However, he noted that the immense security and computational power of the bitcoin network is often overlooked. “The bitcoin network is the most secure, powerful computer network in the world. Every application built on it benefits from unparalleled security and decentralization,” Giordano explained.

Giordano highlighted Marathon’s innovative approach with its second-level sidechain called Anduro, which will enable smart contracts on the bitcoin blockchain by leveraging the network’s robust security and widespread diversity. “You’re going to see more and more use cases on the bitcoin blockchain,” he noted, predicting increased value for bitcoin mining companies and the network as a whole.