Hemi Labs secures $15m from Binance Labs for a Bitcoin-Ethereum interoperability project.
Hemi Labs, co-founded by ex-Bitcoin developer Jeff Garzik, has secured $15 million in funding from Binance Labs and others. The startup seeks to create a "supernetwork" by integrating Bitcoin with Ethereum's technology, enabling smart contracts to interact with Bitcoin. This innovation aims to enhance interoperability and scalability. The funds will support team expansion and the development of new features, including a unique Proof-of-Proof consensus mechanism.
September 18, 2024
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