Deep Dive
1. V2 Mainnet Rollout & PoP Algorithm Test (February 2026)
Overview: The core V2 software upgrade has been fully deployed on Hemi's mainnet, marking a significant network milestone. The team is now preparing to launch the updated Proof-of-Proof (PoP) reward distribution algorithm on the public testnet.
This transition allows for a cleaner release process with dedicated repositories. The next step is community testing of the new V2 PoP payout model on testnet, which will determine rewards for securing the network. A formal beta program is also being assembled to gather user feedback on new features like staked hemiBTC.
What this means: This is bullish for HEMI because it demonstrates consistent, high-level engineering execution. A smoother, upgraded network improves reliability for all users and DeFi applications. The new rewards model could make network participation more attractive, potentially increasing the security and value of the ecosystem.
(Hemi)
2. hBitVM Whitepaper Finalization (December 2025)
Overview: The team completed and published the technical whitepaper for hBitVM, a foundational upgrade to Hemi's cross-chain security architecture.
hBitVM is a new multi-chain proof system that uses Hemi's Proof-of-Proof and virtual machine to generate verifiable proofs of state across Bitcoin, Ethereum, and Hemi itself. It aims to improve upon existing BitVM designs by enhancing security and efficiency while preserving a permissionless, trust-minimized model.
What this means: This is bullish for HEMI because hBitVM represents a major technological leap for securing Bitcoin-native finance. If successfully implemented, it could enable more complex and secure DeFi applications directly on Bitcoin, significantly expanding Hemi's utility and potential market.
(Hemi)
3. Fusaka Compatibility Update (December 2025)
Overview: Hemi's codebase was updated to ensure full compatibility with Ethereum's Fusaka network upgrade, which went live in December 2025.
This was a necessary maintenance update to keep Hemi aligned with the evolving Ethereum Virtual Machine (EVM) standards it builds upon. It resolves an RPC provider issue and ensures that developers and users on Hemi continue to have a seamless experience with the underlying infrastructure.
What this means: This is neutral for HEMI as it's a standard operational update. It maintains the network's reliability and prevents technical debt, ensuring Hemi remains a stable and familiar environment for Ethereum developers to build Bitcoin applications.
(Hemi)
4. Staked hemiBTC Beta Program (February 2026)
Overview: Hemi is launching a dedicated beta program to give experienced community members early access to new features, starting with staked hemiBTC.
The program will function with light criteria, focusing on DeFi familiarity. Participants will interact with live contracts and provide usability feedback to engineers, helping to refine the product before a broad public release.
What this means: This is bullish for HEMI because it directly engages the community in product development, leading to a more polished and user-friendly final product. Early access to staked Bitcoin assets could drive initial liquidity and usage, strengthening the network's core financial primitives.
(Hemi)
Conclusion
Hemi's development trajectory shows a clear focus on enhancing core protocol security, cross-chain capabilities, and user-facing financial products. The team is methodically moving from mainnet upgrades to testing advanced cryptographic systems and new asset classes. How will the successful deployment of hBitVM reshape the competitive landscape for Bitcoin Layer 2s?