Hermez Network priceHEZ
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About Hermez Network(HEZ)
What is Hermez Network (HEZ)?
Hermez is a revolutionary system that enables the scaling of payments and token transfers on top of the Ethereum public blockchain. With high-frequency tokens such as ETH, DAI, Tether, and wBTC in mind, Hermez is designed to provide a decentralized infrastructure of smart contracts and open source tools that empower a new wave of participants to engage with the network.
How does Hermez Network (HEZ) Work?
Hermez is an innovative platform that leverages the Ethereum public blockchain for data storage rather than computation. This approach enables Hermez to handle data availability on-chain while performing computation off-chain. Additionally, Hermez utilizes zero-knowledge proofs to provide an easily verifiable on-chain proof that the off-chain computations have been executed accurately. Since both the data and proof are available on-chain, Hermez relies on the same security assumptions as Ethereum, making it as censorship-resistant as Ethereum. Furthermore, Hermez integrates an auction system where potential coordinators bid the number of tokens they are willing to donate to become the next batch creator. This unique approach allows for a fair and transparent process for deciding who the next rollup batch creator should be.
What is the HEZ Token?
The Hermez Network Token (HEZ) serves as the primary economic driver for the Hermez network. By using HEZ, users can bid for coordinator slots and donate, burn, and incentivize active network usage and engagement. This economic design was intentionally built into the core protocol from the start.
HEZ to local currency
Crypto calculator- 1 HEZ to USD$4.22
- 1 HEZ to JPY4.218115
- 1 HEZ to VND4.218115
- 1 HEZ to RUB4.218115
- 1 HEZ to EUR (Español)4.218115
- 1 HEZ to TRY4.218115
- 1 HEZ to EUR (Italiano)4.218115
- 1 HEZ to EUR (Français)4.218115
- 1 HEZ to EUR (Deutsch)4.218115
- 1 HEZ to CNY4.218115
- 1 HEZ to TWD4.218115
- 1 HEZ to EUR (Português)4.218115
- 1 HEZ to IDR4.218115
- 1 HEZ to THB4.218115
- 1 HEZ to PLN4.218115
- 1 HEZ to UAH4.218115
- 1 HEZ to UZS4.218115
- 1 HEZ to SAR4.218115
- 1 HEZ to PHP4.218115
Trade HEZ perpetual futures
After having successfully signed up on Bitget and purchased USDT or HEZ tokens, you can start trading derivatives, including HEZ futures and margin trading to increase your income.
The current price of HEZ is $4.22, with a 24h price change of +3.61%. Traders can profit by either going long or short onHEZ futures.
Join HEZ copy trading by following elite traders.
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Hermez Network Social Data
In the last 24 hours, the social media sentiment score for Hermez Network was 3, and the social media sentiment towards Hermez Network price trend was Bullish. The overall Hermez Network social media score was 0, which ranks 1481 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Hermez Network being mentioned with a frequency ratio of 0%, ranking 1481 among all cryptocurrencies.
In the last 24 hours, there were a total of 26 unique users discussing Hermez Network, with a total of Hermez Network mentions of 2. However, compared to the previous 24-hour period, the number of unique users increase by 4%, and the total number of mentions has decrease by 71%.
On Twitter, there were a total of 0 tweets mentioning Hermez Network in the last 24 hours. Among them, 0% are bullish on Hermez Network, 0% are bearish on Hermez Network, and 100% are neutral on Hermez Network.
On Reddit, there were 0 posts mentioning Hermez Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Hermez Network. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
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