- #1132
Hermez Network HEZ
HEZ Price
Market Cap
$15.78 MRank #1132FDV
$335.80 MRank #519Detailed Performance
HEZ shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
HEZ to USD Converter
Price History
- All-Time High
- $10.303.07x to ATH
- All-Time Low
- $1.811.86x to ATL
- Trade Launch Date
- 16 Oct, 2020
1612 days ago
Exchanges
Exchanges type
About HEZ
Hermez Network is a payment network built on the Ethereum blockchain. It aims to provide a highly efficient and inclusive platform for the next generation of digital currencies. The network utilizes a mechanism called Proof-of-Donation, where block creators are selected through a burn auction, and a portion of the winning bid is donated to Ethereum public goods through Gitcoin quadratic funding grants. Hermez Network offers significant improvements in throughput and cost reduction for token transfers, as well as secure and fast withdrawals. Its mission is to ensure that everyone has the freedom to transact in the digital economy.
What makes Hermez Network unique?
Hermez Network is unique compared to other cryptocurrencies due to several factors:
1. Decentralized Auction: Hermez Network allows anyone to participate in a decentralized auction to create the next batch. This means that anyone can contribute to the network's operation and be rewarded with transaction fees.
2. Zero-Knowledge Cryptography: Hermez Network leverages zero-knowledge cryptography, specifically zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge). This technology ensures privacy and scalability by allowing transactions to be verified without revealing any sensitive information.
3. Universal Scalability: Hermez Network provides universal scalability through zk-SNARKs validity proofs. This means that the network's status and transactions can be instantly validated once the corresponding proof is mined in the underlying Ethereum network.
4. Integration with Polygon: Hermez Network has merged with Polygon, and as a result, its native token HEZ has been indexed to MATIC, the utility token of Polygon. This integration strengthens the capabilities of both networks and expands the ecosystem.
5. Data Availability on Ethereum: All the data required to reconstruct the full state of Hermez Network is implemented on the Ethereum blockchain. This means that any permissionless node can be deployed and synchronized from Ethereum, ensuring transparency and accessibility.
These unique features make Hermez Network stand out in terms of scalability, privacy, and interoperability within the blockchain ecosystem.
Live Hermez Network Price Data
The current price of Hermez Network (HEZ) is approximately $3.35, reflecting a increase of 0.48% in the last 24 hours. The HEZ trading volume in the last 24 hours stands at $28,244.40. Hermez Network's market cap is currently $15.78 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of HEZ is 4.70 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Hermez Network's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on HEZ, check out our crypto insights page.
HEZ to USD Converter
Price History
- All-Time High
- $10.303.07x to ATH
- All-Time Low
- $1.811.86x to ATL
- Trade Launch Date
- 16 Oct, 2020
1612 days ago