Hemi (HEMI) is a modular layer two network protocol aimed at connecting the two major blockchains of Bitcoin and Ethereum, dedicated to integrating them into a unified 'super network' to address the core challenges of blockchain in scalability, security, and interoperability.
🔗 Technical Core: Dual-Chain Driven
The core of Hemi lies in its innovative technical architecture, designed to enable developers to build decentralized applications (dApps) that leverage the advantages of both Bitcoin and Ethereum simultaneously.
· Hemi Virtual Machine (hVM): This is the core of the protocol, an execution environment embedded with a full Bitcoin node within the Ethereum Virtual Machine (EVM). This allows smart contracts to directly read and access native data on the Bitcoin chain (such as UTXO, transaction records), achieving seamless connectivity between the two ecosystems.
· Proof of Proof (PoP) Consensus Mechanism: To ensure network security, Hemi adopts the PoP mechanism, regularly anchoring cryptographic proofs of its network state onto the Bitcoin blockchain. This enables Hemi to inherit the robust security of Bitcoin, making it extremely costly for attackers to simultaneously compromise both the Bitcoin and Hemi networks to achieve reorganization.
💰 Role of HEMI Token
HEMI is the native utility token of the Hemi network, with a total supply of 100 billion tokens. It plays multiple key roles within the ecosystem:
· Network Fuel: Used to pay for network transaction fees and smart contract execution fees.
· Security and Incentives: Participants maintain network security by staking HEMI tokens and participating in the PoP consensus mechanism, thereby earning rewards.
· Community Governance: Holders can stake tokens to gain voting rights and participate in future decisions of the network.
🚀 Market Performance and Challenges
Since its launch, the HEMI token has gained significant market attention due to its innovative narrative and support from Binance exchange. @Hemi $HEMI #Hemi