EMB: March 12, 16:00 UTC
Modular Blockchain Hemi Labs’ opens Mainnet with $ 440 million in total amount locked (TVL).
Hemi, founded by Bitcoin’s early developer Jeff Garzik, is planning to unite Bitcoin and Ethereum, the two oldest and largest blockchains, in “a single supernetwork,” according to an announcement email.
Hemi was built in both Bitcoin and Ethereum to combine the best properties of both, taking advantage of Bitcoin security and Ethereum’s programmability. The project Raised $ 15 million in a funding of funding led by Binance Labs in September.
The project is one of the many Looking to change the broader view of the blockchain, especially about Decentralized Finance (Defi), by integrating Bitcoin and Ethereum due to part in deep value stores held in Bitcoin (Btc), where Comfortable exceeding each other digital asset combined.
However, Bitcoin coding lacks folk ability to develop some of the functions that the DEFI requires, such as intelligent contracts or zero-knowledge proofs, therefore the need to bridge this utility from the Ethereum.
The company has signed up twelve -two protocols for deployment to hemi, including decentralized exchange (dex) sushi, liquid staking token pumpbtc and redstone and pyth oracle.
