4 hours ago
EMB: March 12, 16:00 UTC
Modular blockchain Hemi Labs' unveiled its mainnet with $440 cardinal successful full worth locked (TVL).
Hemi, founded by aboriginal Bitcoin developer Jeff Garzik, plans to unify Bitcoin and Ethereum, the 2 oldest and largest blockchains, into "a azygous supernetwork," according to an emailed announcement.
Hemi is built connected some Bitcoin and Ethereum to harvester the champion qualities of both, taking vantage of Bitcoin's information and Ethereum's programmability. The task raised $15 cardinal successful a backing circular led by Binance Labs past September.
The task is 1 of several looking to alteration the broader blockchain landscape, peculiarly with respect to decentralized finance (DeFi), done combining Bitcoin and Ethereum owed successful portion to the heavy stores of worth held successful bitcoin (BTC), which comfortably transcend those of each different integer plus combined.
However, Bitcoin's coding lacks the quality to natively physique immoderate of the functions that DeFi requires, specified arsenic astute contracts oregon zero-knowledge proofs, hence the request to span this inferior from Ethereum.
The institution has signed up dozens of protocols for deployment connected Hemi, including decentralized speech (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.
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