Anduro, incubated by Marathon Digital, has partnered with BOB to develop the institutional Bitcoin sidechain ALYS
ChainCatcher news, Bitcoin Layer2 network BOB announced on platform X that it will collaborate with the sidechain development platform Anduro to develop a new Bitcoin sidechain ALYS standard, focusing on leveraging Bitcoin's proof of work for security.In previous news, BOB (Build on Bitcoin) announced at the end of March that it had completed a $10 million seed round financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and several angel investors. BOB is a hybrid Layer 2 network built on top of the Bitcoin blockchain but is compatible with Ethereum.