What is Hemi Network?

The Hemi Network is a modular Layer-2 blockchain protocol designed to integrate the strengths of Bitcoin and Ethereum, providing enhanced scalability, security, and interoperability. It was co-founded by Jeff Garzik, an early Bitcoin core developer, and Max Sanchez, a blockchain security pioneer. The network aims to unify these two major ecosystems into a "supernetwork," enabling innovative decentralized applications (dApps) and fostering seamless cross-chain interactions.

Key Features

• Hemi Virtual Machine (hVM): Integrates a complete Bitcoin node within the Ethereum Virtual Machine (EVM), allowing developers to create smart contracts compatible with both Bitcoin and Ethereum. This unlocks Bitcoin-based DeFi applications such as staking, lending markets, and democratized MEV marketplaces.

• Proof-of-Proof (PoP) Consensus Protocol: Inherits Bitcoin's security in a decentralized manner while offering "Bitcoin-security-as-a-Service" to other networks.

• Trustless Cross-Chain Portability: Facilitates secure asset movement between chains using advanced tunneling methods, improving upon traditional bridges.

• Asset Programmability: Offers features like on-chain routing, time-locks, password protection, and gasless transfers for seamless asset movement.