The Hemi Network is one of the most exciting upcoming Bitcoin L2’s, initially gaining attention due to its cofounder Jeff Garzik’s background as a Bitcoin core developer. The story doesn’t end at superficial details, however, as Hemi has developed its own novel consensus mechanism (Proof of Proof or “PoP”) meant to bridge the gap between Bitcoin and Ethereum.

By integrating a full Bitcoin node into the EVM, allowing developers and users to access Ethereum’s programmability while retaining the security offered by the Bitcoin network. Given the incredible run of BTC over the last year, the world’s eyes are on the Bitcoin ecosystem and Hemi is well positioned to take advantage of this. The superior interoperability offered by its approach versus competitors offers a good narrative for the token, especially as BTC and ETH are the only two crypto assets with US ETFs currently.