Hermez is a borderless, secure, and decentralized Layer 2 zk-rollup platform built on the Ethereum blockchain, allowing users to transfer digital assets quickly and at low costs. The platform aims to promote universal access to finance, reduce transaction costs for P2P payments and arbitrage, and encourage the broader adoption of digital assets. The native token, HEZ, initially an ERC-20 utility token used for platform consensus, has been merged with Polygon and is now indexed to MATIC, transforming into Polygon Hermez’s zk-Rollup utility token. Hermez’s key features include leveraging zero-knowledge technology to enable faster and cheaper transactions. Funds are stored in smart contracts on the main Ethereum chain, while transaction validation occurs both on and off-chain. Transactions a...
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