The blockchain world has long been divided between two giants: Bitcoin, the ultimate store of value, and Ethereum, the engine of decentralised innovation.
But what if both could work together - not through wrapped assets or bridges, but on a unified network that brings Bitcoin’s strength and Ethereum’s flexibility into one ecosystem?
That’s exactly what HEMI aims to do.
What is HEMI?
HEMI (developed by Hemi Labs) is a modular Layer 2 network designed to connect Bitcoin and Ethereum into a single, interoperable architecture. Its vision is bold: enabling developers to build decentralized applications (dApps) that leverage Bitcoin’s proof-of-work security while enjoying Ethereum’s smart contract capabilities.
In simple terms – HEMI wants to make Bitcoin programmable.
How It Works
- •HVM (Hemi Virtual Machine):A hybrid execution environment that allows Ethereum-style smart contracts to access Bitcoin state data (like block headers and transactions).
- •Tunnels:Secure cross-chain channels that transfer assets and data between Bitcoin, Ethereum, and HEMI without relying on traditional, risk-prone bridges.
- •PoP (Proof-of-Proof):A consensus mechanism that anchors HEMI’s finality to Bitcoin’s blockchain, giving its network the same level of immutability and security Bitcoin is known for.
Through these elements, HEMI is creating what it calls a “supernetwork” – a platform that unites blockchains instead of competing with them.
Team
Jeff Garzik – One of Bitcoin’s early core developers and co-founder of Bloq, Jeff has played a key role in shaping blockchain infrastructure since Bitcoin’s inception. At Hemi Labs, he leads as CEO, driving the vision of a scalable, interoperable network.
Maxwell Sanchez – Blockchain engineer best known for inventing Proof-of-Proof (PoP) and co-founding VeriBlock. Max now serves as CTO of Hemi Labs, architecting its core technology and consensus systems.
Matthew Roszak – A veteran blockchain investor and co-founder of Bloq, Matthew has been an early supporter of Bitcoin and Web3 innovation. At Hemi Labs, he contributes as a co-founder and strategic advisor, guiding the project’s growth, partnerships, and ecosystem development.
Tokenomics
$HEMI is the token that powers network coordination, staking, security, and cross-chain settlement across the Hemi ecosystem.
Token Utility
- •Network Transaction Fees
- •Incentivizing Bitcoin Security Inheritance via PoP
- •Chain Payment in $HEMI for PoP Security Aggregation
- •Staking $HEMI in veHEMI System
- •Bootstrapping Ecosystem Adoption
Token Allocation
