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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.
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
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
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
Computational integrity and on-chain data availability are guaranteed by zero-knowledge proof technology while preserving the public blockchain properties of Ethereum.
Implementing Polygon Hermez results in below numbers.