Hermez Network HEZ
1. Summary
- Price
-
$3.69 -2.2%
- Market Cap
- $0.00 (#10610)
- Supply
- 0.00 / 11.08M
- Description
-
Overview of Hermez Network
Overview of Hermez Network
Hermez Network is a decentralized zk-rollup primarily focused on scaling payments and token transfers on the Ethereum network. It aims to reduce the cost of transactions significantly while supporting community projects through its Proof-of-Donation mechanism.
Key Features
Technology
Hermez utilizes zero-knowledge (zk) proof technology to ensure computational integrity and on-chain data availability. This mechanism is based on zk-SNARKs, which require trusted setup to operate. All data needed for proof construction is published on Ethereum L1, ensuring its availability.
Security
Each update to the system state must be accompanied by a zk proof that ensures the new state was derived correctly from the previous state. These proofs are verified by a smart contract on Ethereum. However, zk-SNARKs are still experimental cryptography and rely on time to prove their security. Funds can be stolen if the cryptography is broken or implemented incorrectly.
Governance and Block Production
The system operates an auction where anyone can bid to become an operator for a set number of blocks. The operator proposes blocks and collects fees. In case no one bids, a backup operator known as the boot coordinator will propose blocks.
Withdrawal Mechanism
Users can initiate withdrawals by submitting a regular transaction. Once the block containing that transaction is proven, funds become available for withdrawal on L1. Users must then submit an L1 transaction to claim the funds, which requires a merkle proof. There are measures in place to protect against censorship and ensure timely withdrawal of funds.
Token and Ecosystem
The Hermez Network token is HEZ, which can be traded on various exchanges. The network has a Proof-of-Donation mechanism, where block creators are selected through a burn auction. Instead of burning tokens, 40% of the winning bid is donated to support Ethereum public goods through grants.
Integration and Compatibility
Hermez Network is designed to be integrated with the Ethereum ecosystem, allowing users to leverage its scalability while maintaining the security and compatibility of the Ethereum public blockchain.
| Price | |
| 52W High price | $4.90 |
| 52W High date | 13th Nov 2023 (1 year ago) |
| All Time High (ATH) Date | 26th Dec 2021 (3 years ago) |
| ATH Price | $10.30 |
| % From ATH | -60.47% |
| All Time Low (ATL) Date | 16th Oct 2020 (4 years ago) |
| ATL Price | $1.81 |
| % From ATL | 125.11% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $70,818.00 |
| Total Supply | 11.08M |
| Max Supply | 11.08M |
HEZ
How does Hermez Network's (HEZ) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
7.0%
HEZ
49,899.0%
Similar Market Cap
60 Day Return
7.6%
HEZ
3,911.5%
Similar Market Cap
1 Year Return
-16.1%
HEZ
-
Similar Market Cap
We're monitoring 37 Hermez Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Hermez Network Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 0
- Past 12 weeks: 0 commits vs. an average of 4
- Past year: 0 commits vs. an average of 65
Most Active Repos
| Past week | 11 |
|---|---|
| Past 12 weeks | 160 |
| Past year | 854 |
| Past week | 20 |
|---|---|
| Past 12 weeks | 68 |
| Past year | 825 |
| Past week | 59 |
|---|---|
| Past 12 weeks | 151 |
| Past year | 662 |
| Past week | 60 |
|---|---|
| Past 12 weeks | 160 |
| Past year | 530 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 15 |
| Past year | 422 |
| Past week | 8 |
|---|---|
| Past 12 weeks | 43 |
| Past year | 353 |
Top Developers 2025
In total, 244 developers have contributed to Hermez Network over the past year. Who are the most active Hermez Network developers, by commits, over the past year?
Related Projects
Developers working on Hermez Network also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | 2,225 |
| Active Discord Users | 146 |
| Telegram Users | 291 |
| Twitter followers | 7 |
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
-
docs.hermez.io/Hermez_1.0/about/model/ Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://hermez.io/ |
|---|---|
| Explorer | https://etherscan.io/token/0xeef9f339514298c6a857e... |
| @hermez_network |
What is the correct contract address for Hermez Network?
| Ethereum | 0xeef9f339514298c6a857efcfc1a762af84438dee |
|---|
Has Hermez Network been audited for security?
No security audits found for this project.
Are you the owner of Hermez Network? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.