Hemi Labs announces the launch of the modular Layer2 network Hemi Network

ChainCatcher news, according to CoinDesk, Hemi Labs announced the launch of Hemi Network. Hemi Network is a modular Layer2 blockchain network focused on achieving scalability, security, and interoperability between Bitcoin and Ethereum.

According to the team, Hemi Labs was co-founded by early Bitcoin core developer Jeff Garzik and blockchain security expert Max Sanchez, the latter being the main developer of Hemi's unique security feature inherited from Bitcoin, the Proof-of-Proof consensus protocol.