TechFlow reported on September 18 that, according to official news, Binance Labs has announced an investment in Hemi Labs, the development team behind Hemi, an innovative Layer 2 blockchain. The Hemi network aims to build a highly scalable, secure, and interoperable modular blockchain infrastructure by integrating Bitcoin's security with Ethereum's programmability. This investment will accelerate the development of the Hemi ecosystem, including advancing decentralized application (hApp) development, optimizing interoperability between the Hemi Virtual Machine (hVM) and Bitcoin, and enhancing secure cross-chain asset transfer mechanisms between Bitcoin and Ethereum.
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