Hemi Labs Announces the Launch of a Modular Layer2 Network

On July 24th, Hemi Labs announced the launch of Hemi Network, "a modular Layer2 blockchain network focused on enabling 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, who was the lead developer of Hemi's inheritance of Bitcoin's unique security feature, the Proof-of-Proof consensus protocol."