Hemi Labs announced the launch of Hemi Network, "a modular Layer2 blockchain network that focuses on 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 of whom is the main developer of Hemi's unique security feature, the Proof-of-Proof consensus protocol inherited from Bitcoin."

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