TechFlow news, August 26 — According to The Block, Hemi, a protocol enabling programmability on Bitcoin, has raised $15 million in funding led by YZi Labs (formerly Binance Labs), Republic Digital, and HyperChain Capital. This round brings Hemi's total funding to $30 million.
Hemi’s core innovation is the Hemi Virtual Machine (hVM), which embeds a full Bitcoin node into the Ethereum Virtual Machine. Through cross-chain channels and a proof-of-stake consensus design, it enables Ethereum-level smart contract development on the Bitcoin network.




