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Polygon Hermez

Polygon Hermez

Polygon Hermez is an open-source zk-Rollup optimized for secure, low-cost and usable token transfers on the wings of Ethereum.

OverviewStructured DataIssuesContributors

Contents

hermez.io
polygon.technology/solutions/polygon-hermez
Is a
Product
Product

Product attributes

Product Parent Company
Polygon
Polygon
Competitors
zkSync
zkSync
Taiko
Taiko

Other attributes

Block Explorer URL
explorer.hermez.io
Blog
blog.hermez.io
Number of Employees (Ranges)
11 – 50
Mechanism

Hermez zk-rollup is a layer 2 construction on top of Ethereum that solves its scalability through mass transfer processing rolled into a single transaction. The "zero-knowledge proof" (ZK) technology is used to present and publicly record the validity and correctness of the rolled transfers processed on the Ethereum blockchain. By storing just the proof and the compressed data of a batch of transfers, the efficiency and the throughput of the network is multiplied.

Powerful and trustless

Ethereum-level security guaranteed by zk-SNARKs

High throughput of 2000 TPS

Non-custodial architecture

Full ownership and control of assets (censorship resistant)

Data availability on Ethereum mainnet

The only decentralized zk-rollup

Fully open source and community-driven

Seamless integration with Hermez REST API

Permissionless network of coordinators

Decentralised auction model with validation reward token

Strategy towards governance minimisation

Token transfers simplified

Simple web and mobile app wallet

Low-cost token transfer

Atomic swaps

Fees payable in a single currency

Fast capital-efficient exit (withdrawal) in a few minutes

Layer 2 scalability solution

Computational integrity and on-chain data availability are guaranteed by zero-knowledge proof technology while preserving the public blockchain properties of Ethereum.

Impact Statistics

Implementing Polygon Hermez results in below numbers.

Timeline

No Timeline data yet.

Further Resources

Title
Author
Link
Type
Date

Polygon Hermez Documentation

https://docs.hermez.io/

Web

whitepaper

https://hermez.io/polygon-hermez-whitepaper.pdf

References

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