Cryptopedia - Hemi

## What Is Hemi (HEMI)? Powered by Bitcoin and Ethereum, Hemi is a modular network for superior scaling, security, and interoperability. While other projects approach Bitcoin and Ethereum as ecosystem silos, limiting the potential of both, Hemi views them as components of a single supernetwork. This unlocks new levels of programmability, portability, and potential for Bitcoin DeFi and so much more. Hemi was co-founded by Jeff Garzik (former Bitcoin core developer) and Max Sanchez (inventor of the Proof-of-Proof consensus protocol), and is surrounded by a team of renowned blockchain engineers, strategic partners and investors. Hemi envisions a new, converged Internet ecosystem that is more secure, more interoperable, and more ready for the many challenges of Bitcoin DeFi, as well as a web3 and AI-driven future that is colliding with the Internet at large. Hemi features include: * Hemi Virtual Machine (hVM) – An Ethereum Virtual Machine wrapped around a Bitcoin node, delivering the best-possible access to the respective states of Bitcoin and Ethereum. * Hemi Bitcoin Kit (hBK) – Making hVM’s unique awareness of Bitcoin’s state accessible to developers, enabling the next generation of Bitcoin DeFi * Proof-of-Proof Consensus – The most decentralized, censor-resistant way to achieve Bitcoin-level security. * Tunnels – A more secure way to move assets from Bitcoin to Hemi and from Hemi to Ethereum. HEMI is the native utility token that is used for: Protocol governance, and as a future gas token.