The project @hemi is redefining what it means to be a Layer 2 by natively merging the security of Bitcoin with the flexibility of Ethereum. This is not a simple bridge; it is a modular architecture aimed at being the foundation of a "supernetwork" crypto.
Key Points of Hemi and the $HEMI token:
Proof of Proof (PoP): Hemi uses a Proof of Proof consensus mechanism that periodically anchors the state of the network directly on the Bitcoin blockchain. This gives Hemi a layer of security and "super finality" inherited from the king of cryptos.
Hemi Virtual Machine (hVM): This virtual machine is a modified EVM that has an integrated Bitcoin node. For the first time, smart contracts on Hemi can access and verify Bitcoin information directly and trustlessly (without centralized intermediaries or relayers). This opens the door to countless DeFi applications that use Bitcoin in a programmable way.
Tunnels: This cross-chain mechanism allows for the transfer of assets between Bitcoin, Ethereum, and Hemi without the need for traditional bridges, tracking the state at the protocol level.
The token $HEMI is the economic engine of this network, rewarding PoP Miners who secure the network for the purpose of Bitcoin and acting as the native gas currency. Investing in $HEMI is betting on the interoperability and programmability of Bitcoin in the DeFi ecosystem. The future is modular and secured by BTC.