The Architecture

๐Ÿ“œ TL;DR:

  • The Hemi Network operates 4 kinds of specialized nodes: Bitcoin finality governors, Bitcoin-secure sequencers, Proof-of-Proof miners, and a modified Geth node.

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


๐ŸŒ 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 5 kinds of decentralized nodes: Bitcoin finality governors, Bitcoin-secure sequencers, Proof-of-Proof miners, and a modified Geth node.


๐Ÿ›ก๏ธ 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.


โš™๏ธ 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.


๐Ÿ› ๏ธ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.


๐Ÿ”— 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.


๐Ÿ‘€ 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.


โšก๏ธ Achieving Decentralized Interoperability

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

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