Details about Hermez Network cryptocurrency
€64,800,435 ( -2.27502%)
€72,279
11,079,624
16,706,072
22.933
Unknown
https://hermez.io/
@hermez_network
18047x
€70924
Hermez Network price charts
HEZ exchanges
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 point
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.
The problem
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.
Compare HEZ and BTC performance
| Timeframe | HEZ | BTC |
|---|---|---|
| 1h change | 6.24592 % | -0.125138 % |
| 24h change | 2.61 % | 0.547531 % |
| 7 day change | 2.5 % | 0.799047 % |
| 14 day change | -4.09 % | -8.06332 % |
| 30 day change | -0.2 % | -7.21923 % |
| 200 day change | -7.69 % | 127.49 % |
| Year change | -12.69 % | 133.811 % |