Proof-of-Proof (PoP)

📜 TL;DR:

• The Hemi Network utilizes Proof-of-Proof (PoP) to leverage Bitcoin's renowned security.

• PoP Miners enhance security by publishing Hemi's network data on Bitcoin's blockchain.

• Bitcoin confirmations further bolster Hemi's defenses, ensuring a robust and secure network.

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🛡️ 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.

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🔍 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.

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🏗️ 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.

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🔚 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.