The Hemi Network is a modular layer 2 network that facilitates Ethereum smart contract functionality secured by the Bitcoin network. The chain introduces the Hemi Virtual Machine (hVM), which integrates a full Bitcoin node within the Ethereum Virtual Machine (EVM), Ethereum’s core smart contract engine. HVM allows developers to create smart contracts that interact with Bitcoin state, unlocking Bitcoin-based DeFi applications, including staking, lending markets, and democratized MEV markets. Project highlights: Project founder Jeff Garzik is a Bitcoin core developer
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