Proof-of-Proof
🛡️ Inherits Bitcoin's Security
Hemi's network capitalizes on Bitcoin's formidable security through a mechanism known as Proof-of-Proof (PoP). This approach allows Hemi to inherit the solid Proof-of-Work (PoW) security of Bitcoin.
🔍 How?
To achieve this, Hemi deploys specialized miners, referred to as PoP Miners. These miners are responsible for:
Gathering crucial network details and publishing them on Bitcoin's blockchain, thereby linking Hemi's security directly to Bitcoin's proven system.
Employing sophisticated algorithms to generate proofs that are vital for the network's security.
Ensuring Hemi's network integrity by leveraging Bitcoin's security, providing a dual layer of protection.
This integration with the Bitcoin blockchain affords Hemi an additional security layer, utilizing Bitcoin's PoW system as a basis for resolving disputes and ensuring trustworthiness.
🏗️ Block Confirmations
New segments in the Hemi chain receive confirmations from Bitcoin, significantly raising the barrier for potential attacks. These confirmations:
Serve as "security bricks," each one strengthening the network's defenses.
Ensure that any attempt to compromise the network requires substantial power, making unnoticed attacks virtually impossible.
As Bitcoin confirmations accumulate, the Hemi Network's "security wall" becomes increasingly formidable, creating an effective deterrent against malicious actors.
🔚 Conclusion
The Proof-of-Proof (PoP) consensus mechanism uniquely positions the Hemi Network by:
Allowing Bitcoin miners to secure Hemi indirectly, without direct involvement in Hemi's consensus processes.
Facilitating scalable transaction throughput in the Hemi ecosystem without expanding its Bitcoin footprint significantly.
Setting a high barrier for network reorganizations, as disrupting Hemi would necessitate a highly improbable 51% attack on Bitcoin itself, a task too daunting even for nation-states.
This approach not only extends Bitcoin's security to the Hemi Network but also introduces a scalable, robust framework for transaction processing and network integrity.
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