Hermez Network (HEZ)

Hermez Network (HEZ) is a decentralized finance (DeFi) platform using Ethereum and Polkadot to provide users with a layer 2 scaling solution for asset transfers. Founded in 2020 by a team of blockchain and distributed ledger technology practitioners, Hermez is leading the way to building and developing solutions to making Ethereum and other public blockchains faster and more secure. At the core, Hermez Network uses a novel and innovative technique of 'zkRollup', a layer two scaling solution that is interoperable with Ethereum, as well as other public blockchains. This unique technique allows users to take advantage of the scalability of Layer 2, while maintaining the security and trust of Layer 1. In addition to the zkRollup scaling solution, Hermez Network utilizes its platform for the transfer of digital assets without requiring the user to pay any elongated transaction fees. This allows digital asset holders to decrease their transaction costs and make asset transfers more efficient, leading to an increase in real-time transfers. The Hermez Network team is composed of blockchain and distributed ledger technology professionals from across the world, as well as its Chief Scientist, Gil Bernardo, who has worked on Ethereum since its early days. The team has been involved in various blockchain projects, such as Ethereum, Hyperledger, Quorum, and Cosmos. This experience and expertise is what sets Hermez Network apart from other DeFi solutions. For now, Hermez Network is currently used as a medium of payment for fees incurred during the transfer of digital assets on its platform. The HEZ token is used as a collateral and gas fee, as well as a reward for providing liquidity on their liquidity pools. The token is currently available for purchase and trade on a few decentralized exchanges, including Uniswap and SushiSwap. Overall, Hermez Network is a promising DeFi project that is leveraging innovative scaling solutions to make asset transfers faster and more efficient. The experienced team behind Hermez Network are bringing their expertise and knowledge to the DeFi landscape and are setting the standard for Decentralized Finance. HEZ can be bought/sold on popular exchanges such as Uniswap, Sushiswap, and IDEX.