The blackboard has been knocked, below Coco will explain the past and present of Hemi Coin, its technical highlights, token functions, and risk gameplay all at once. After reading, you will know exactly what it is.
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1. What is Hemi? Remember this in one sentence:
"A second highway that allows Bitcoin to play DeFi, NFT, and GameFi like Ethereum."
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2. Why create Hemi? (Background story)
1. Bitcoin (BTC) is the safest, but it can only transfer money and cannot run complex programs.
2. Ethereum (ETH) can run programs, but its security is not as good as Bitcoin's.
3. Hemi wants to "eat from both ends":
- Borrow the security of BTC;
- Move the ecosystem of ETH over;
- Allow developers to use both BTC and ETH assets and data on a single chain.
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3. Coco researched and condensed two major black technologies:
1. hVM (Hemi Virtual Machine)
- "Stuff" a complete Bitcoin node into the Ethereum virtual machine.
- Result: A smart contract can read both BTC and ETH ledgers, making cross-chain interactions as simple as operating on the same chain.
2. PoP (Proof-of-Proof)
- Regularly write Hemi's "checkpoint" into the Bitcoin blockchain, like submitting homework for the strictest teacher to grade.
- Benefit: Even if Hemi is attacked, it can quickly recover using the "backup" on Bitcoin, significantly increasing security levels.
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4. What is HEMI Coin for?
1. Pay tolls: To transfer and run contracts on the Hemi chain, you must use HEMI to pay gas.
2. Stake deposits: Nodes wanting to package transactions and earn fees must first stake HEMI; malicious behavior will result in fines.
3. Voting rights: For future chain upgrades and parameter adjustments, those with more coins have louder voices.
4. Incentive pool: Early users, developers, and liquidity providers can receive airdrops or mining rewards.
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#Hemi
@Hemi
$HEMI
5. Overview of the coin's "foundation":
- Total supply fixed at 10 billion coins; Coco has yet to find issuance rights.
- Approximately 9.78% is currently circulating in the market.
- The remaining will be unlocked slowly over several years - after early selling pressure ends, the true market value will become apparent.
---
1. What is Hemi? Remember this in one sentence:
"A second highway that allows Bitcoin to play DeFi, NFT, and GameFi like Ethereum."
---
2. Why create Hemi? (Background story)
1. Bitcoin (BTC) is the safest, but it can only transfer money and cannot run complex programs.
2. Ethereum (ETH) can run programs, but its security is not as good as Bitcoin's.
3. Hemi wants to "eat from both ends":
- Borrow the security of BTC;
- Move the ecosystem of ETH over;
- Allow developers to use both BTC and ETH assets and data on a single chain.
---
3. Coco researched and condensed two major black technologies:
1. hVM (Hemi Virtual Machine)
- "Stuff" a complete Bitcoin node into the Ethereum virtual machine.
- Result: A smart contract can read both BTC and ETH ledgers, making cross-chain interactions as simple as operating on the same chain.
2. PoP (Proof-of-Proof)
- Regularly write Hemi's "checkpoint" into the Bitcoin blockchain, like submitting homework for the strictest teacher to grade.
- Benefit: Even if Hemi is attacked, it can quickly recover using the "backup" on Bitcoin, significantly increasing security levels.
---
4. What is HEMI Coin for?
1. Pay tolls: To transfer and run contracts on the Hemi chain, you must use HEMI to pay gas.
2. Stake deposits: Nodes wanting to package transactions and earn fees must first stake HEMI; malicious behavior will result in fines.
3. Voting rights: For future chain upgrades and parameter adjustments, those with more coins have louder voices.
4. Incentive pool: Early users, developers, and liquidity providers can receive airdrops or mining rewards.
---
#Hemi
@Hemi
$HEMI
5. Overview of the coin's "foundation":
- Total supply fixed at 10 billion coins; Coco has yet to find issuance rights.
- Approximately 9.78% is currently circulating in the market.
- The remaining will be unlocked slowly over several years - after early selling pressure ends, the true market value will become apparent.