PANews reported on February 26 that the modular blockchain network Hemi Mainnet will be officially launched on March 12, 2025, aiming to achieve in-depth integration of Bitcoin and Ethereum through Hemi Virtual Machine (hVM). Currently, Hemi has locked in TVL for more than US$300 million and has received US$15 million seed round financing support from investment institutions such as Binance Labs and Breyer Capital. The core features of Hemi: • EVM has built-in Bitcoin nodes to implement Bitcoin smart contract functions • Inheriting Bitcoin security and providing a "hyper-final" transaction confirmation mechanism • Cross-chain asset transfer without trust, seamlessly move assets between Bitcoin and Ethereum through “Tunnels” • Compatible with Ethereum development tools, supports a variety of DeFi applications such as DEX, lending, LST/LRT staking, and perpetual transactions. Founded by early Bitcoin developer Jeff Garzik and blockchain security expert Max Sanchez, Hemi is committed to building a super network of Bitcoin and Ethereum that integrates efficient, secure and scalable Web3 infrastructure. Related Reading: What are the highlights of the modular L2 Hemi led by Binance? How to interact with the test network?
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