Polygon Hermez: The First Full-Blown Merger of Two Blockchain Networks
Post Views:
6
BANGALORE, INDIA / ACCESSWIRE / August 14, 2021 / Ethereum scaling project Polygon (formerly Matic Network) has acquired Hermez Network – a ZK-Rollups-based Ethereum scaling solution – for $250 million. The two projects are also merging their native tokens – MATIC and HEZ – in the first-ever such deal in the crypto space.
Polygon is proud to announce that Hermez, one of the most prominent zero knowledge (ZK) cryptography based scaling projects and teams, will be joining Polygon. Starting today, the process of merging Hermez into the Polygon ecosystem will be initiated, where it will be operating under the new name: Polygon Hermez. Polygon Hermez will become a part of the growing Polygon suite that already offers solutions such as Polygon ...