Decentralized Rollups

📜 TL;DR:

• The Hemi Network champions decentralized roles, leverages Bitcoin's security, promotes open participation, fault tolerance, and fee efficiency to enhance Layer 2 solutions.

---

🌐 Overview

• In contrast to other Layer 2 (L2) rollup solutions, the Hemi Network introduces a more decentralized approach to data publication and validation, addressing critical issues present in current L2 setups:

  • ✅ Decentralized Roles: Introduces a decentralized approach with Publishers handling key roles asynchronously, mitigating the risks associated with centralized control found in other L2 networks.

  • ✅ Incentivized Participation: Allows open participation through staking tokens with Ethereum-side validation contracts, fostering consistent and incentivized data sharing even during times of increased fee activity.

  • ✅ Fault Tolerance and Reward System: Implements a system to discourage malicious behavior, slashing stakes of Publishers submitting invalid data while rewarding Challengers who identify faults, thereby promoting network integrity.

  • ✅ Efficient Ethereum Fee Management: Manages rewards via Ethereum-side validation contracts, ensuring consistent incentives for Publishers despite Ethereum fee fluctuations.