Hemi Labs Raises $15M to Launch Modular Blockchain in Round Led by Binance Labs
Briefly

"When it comes to the question of building a layer 2 on Bitcoin or Ethereum, the most compelling approach is to say 'both,' Garzik said in emailed comments. 'We're incredibly proud to have delivered a vision for the layer-2 space that has resonated so widely.' This statement underlines Hemi Labs’ innovative choice to unify the strengths of two leading blockchain ecosystems, aiming to enhance scalability and functionality while building on established technologies.
"Hemi is a single blockchain that is both a Bitcoin and Ethereum layer 2. It claims to combine the best characteristics of both networks, taking the security qualities of Bitcoin and blending them with the liquidity and programmability of Ethereum." This highlights Hemi Network's strategic development approach, focusing on leveraging the strengths of both networks for better performance in the blockchain space.
Read at Coindesk
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