Hemi is a new blockchain project that aims to bring together the strengths of Bitcoin and Ethereum. It is built as a modular Layer-2 network, meaning it uses both Bitcoin’s security and Ethereum’s flexibility together.
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Key Features
hVM (Hemi Virtual Machine): It’s like an Ethereum Virtual Machine (EVM) but with a full Bitcoin node inside it. This lets smart contracts and apps use Bitcoin data directly.
Proof-of-Proof (PoP) Consensus: This method anchors Hemi’s state back to Bitcoin periodically. It helps Hemi get strong security by relying on Bitcoin’s blockchain.
Tunnels: These are trust-minimized ways to move assets between Bitcoin, Hemi, and Ethereum. So you can transfer value more safely without depending on risky bridges.
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Token & Governance
The native token is called HEMI.
Total supply is 10 billion HEMI tokens.
HEMI is used for similar things as many crypto tokens: paying transaction fees, staking, governance (voting on how the project grows), and rewards for developers or participants.
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Why It Matters
Bitcoin is well known for being very secure, but it is not very flexible for building smart contract apps. Ethereum is more flexible, but sometimes it has high fees or slower finality. Hemi tries to combine both: using Bitcoin’s security and letting developers build rich DeFi (decentralized finance) apps like lending, borrowing, etc.
Also, it has already raised money (about $30 million in total by 2025) from many investors, showing strong interest.
