The Architecture

📜 TL;DR:

• The Hemi Network operates four kinds of specialized nodes: Bitcoin finality governors, Bitcoin-secure sequencers, Proof-of-Proof miners, and a modified Geth node.

• The network’s nodes maintain its EVM and ensure decentralized operability across Bitcoin, Ethereum, and other EVM-compatible chains.

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🌐 Overview

• The Hemi Network connects to both the Bitcoin and Ethereum networks, allowing asset portability across both, enabling a third-party cross-chain ecosystem. To create this highly secure multichain ecosystem, the Hemi Network operates several kinds of decentralized nodes: Bitcoin finality governors, Bitcoin-secure sequencers, Proof-of-Proof miners, and a modified Geth node.

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🛡️ Bitcoin Finality Governors (BFGs)

• Regulate the network's security status by analyzing Bitcoin blocks for Hemi Network state proofs.

• Determine the network's finality status, ensuring security.

• Coordinate with Bitcoin-secure sequencers and proof-of-proof miners.

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⚙️ Bitcoin-Secure Sequencers (BSS Nodes)

• Integrate Hemi Network transactions with Ethereum mainnet transactions.

• Maintain the network's consensus layer and manage staking, unstaking, and slashing operations.

• Ensure a seamless connection between the Hemi Network and Ethereum for asset transfers.

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🛠️Modified Geth Node

• Operates as a customized Ethereum node, providing compatibility and connectivity between the Hemi Network and Ethereum.

• Ensures data synchronization and transaction processing within the Hemi Network ecosystem.

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🔗 Proof-of-Proof Miners (PoP Miners)

• Secure the network by embedding state proofs into the Bitcoin blockchain.

• Hash network headers to create cryptographic proofs and publish these to Bitcoin.

• Receive tokens as rewards for their contributions.

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👀 Sneak Peek WIP

Challengers

• Monitor the Hemi Network for data accuracy and completeness.

• Initiate challenge-response processes for discrepancies, ensuring integrity.

• Receive a portion of the penalized stake for successful challenges.

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⚡️ Achieving Decentralized Interoperability

This innovative approach ensures secure, decentralized interoperability among Bitcoin, Ethereum, the Hemi Network, and other EVM-compatible chains.