Hemi Network announced a new Layer 2 solution for Ethereum that combines Bitcoin's security with smart contract functionality, opening new possibilities for multi-chain compatibility.
Hemi Network Innovations
Hemi Network introduced an integration that resolves the long-standing challenge of the crypto world: merging Bitcoin's unrivaled security with Ethereum's programmability. Instead of relying on traditional bridges and wrapped tokens, Hemi creates a native connection between Bitcoin (BTC) and its Layer 2 infrastructure.
Proof-of-Proof Technology
The connection system is based on a mechanism called Proof-of-Proof (PoP), which allows Hemi to inherit Bitcoin's finality and security directly while maintaining compatibility with Ethereum-based applications. This also enables developers to build smart contracts that interact with real Bitcoin assets.
Branta and Amboss Partnership
In a related development highlighting the trend toward secure Bitcoin-based applications, Branta teamed up with Amboss to launch a risk management solution designed to enhance security for irreversible Bitcoin transactions. This initiative addresses growing concerns around fraud and compliance in Lightning-based payments.
Hemi Network is making significant strides in developing infrastructure for decentralized finance, transforming Bitcoin into a programmable asset and fostering new innovations across the blockchain space.
