Hemi Network Overview

Hemi Network is a special type of Layer-2 blockchain that connects Bitcoin and Ethereum. It’s built to handle more transactions, keep data secure, and make it easy for different blockchains to work together. This helps improve decentralized apps (dApps) and blockchain systems.

1. Proof-of-Proof (PoP) Consensus Hemi Network uses PoP consensus, a system that takes advantage of Bitcoin's strong security. This system confirms transactions in just a few hours, a process called "superfinality."
2. Hemi Virtual Machine (hVM) The hVM is a tool that mixes a complete Bitcoin node with Ethereum’s smart contract system (EVM). It lets developers create apps that use the best features of both blockchains.
3. Cross-Chain Asset Portability Hemi’s Tunnels make it easy to move assets between Bitcoin and Ethereum without needing to trust any middleman. This is an upgrade from older bridge systems.
4. Hemi Bitcoin Kit (hBK) The hBK gives developers access to Bitcoin’s data. They can use it to create apps for things like staking, lending, and other financial tools.

Hemi Network is unique because it combines Bitcoin’s strong security with Ethereum’s flexible design. Its setup makes it easier to create a Web3 system that can grow and adapt.

Hemi Network was first introduced at the Bitcoin 2024 conference. It was created by Jeff Garzik and Max Sanchez. The project’s team, Hemi Labs, raised $15 million from investors such as Binance Labs and Breyer Capital to help it grow.