### What is Hermez Network?

Hermez Network is a decentralized zk-rollup solution focused on scaling payments and token transfers on the Ethereum network. This scaling helps to significantly reduce the cost of transactions and supports community projects through its innovative Proof-of-Donation mechanism.

### How does Hermez Network work?

Hermez Network operates as a Layer 2 scalability solution on Ethereum, utilising zero-knowledge rollup (ZK-Rollup) technology. It batches multiple transactions together, processing them off-chain to reduce congestion and costs, before rolling them up into a single transaction that is then settled on the main Ethereum blockchain. The network leverages zero-knowledge proofs to ensure the validity and integrity of these batched transactions.

### What are the potential use cases for Hermez Network?

Potential use cases for Hermez Network include scalable payments, decentralised finance (DeFi) applications, and enhanced financial services. It supports a variety of ERC-20 tokens, making it a versatile platform for transferring digital assets. Its integration with Tether's USDT and wallet interfaces like MetaMask further expand its practical applications in everyday digital transactions.

### What is the history of Hermez Network?

Hermez Network was founded by Jordi Baylina and quickly became known for its decentralised rollup solution that boosts scalability and efficiency. In August 2021, Hermez Network merged with Polygon, adopting the combined capabilities and resources of the Polygon ecosystem. The merger involved combining their technologies and indexing the native HEZ token to MATIC, marking a significant step in its evolution and market presence.

Hermez Network

Deposits are not currently available for this coin.

Important Notice

Ethereum

Cardano

Avalanche

Hedera

Cronos

Polkadot

Mantle

Bittensor

NEAR Protocol

Ethereum Classic

Aptos

Polygon

Arbitrum

Internet Computer

Kaspa

ATOM

Flare

Quant

Hermez Network (HEZ)

Similar Coins

ETH

ADA

SUI

AVAX

HBAR

CRO

DOT

MNT

TAO

NEAR

ETC

APT

POL

ARB

ICP

KAS

ATOM

SEI

FLR

QNT

Resources

Hermez Network (HEZ) Price Index

Hermez Network Price

Trading volume

Market cap

Resources