Hermez Network, the crypto
Hermez Network (HEZ) is an open-source, Layer-2 scaling solution built on Ethereum blockchain that aims to reduce the transaction fees and increase the transaction speed of the Ethereum network.
The main point of Hermez Network (HEZ) is to provide fast and cheap transactions on the Ethereum network by using Zero-knowledge proofs, which allows multiple transactions to be batched into a single transaction known as a "rollup" without requiring trust between parties.
Hermez Network (HEZ) tries to solve the problem of high transaction fees and slow transaction speeds on the Ethereum network, which can be attributed to the network's limited scalability. The network aims to provide Layer-2 scaling solutions that can efficiently process a high volume of transactions while keeping the network secure and decentralized.
We used an AI to answer three questions about HEZ, so take this info with a grain of salt.