What is polygon Hermez?

Polygon Hermez is an open-source ZK-Rollup optimised for secure, low-cost and usable token transfers on the wings of Ethereum. Polygon Hermez seamlessly integrates into the fabric of the Ethereum ecosystem and enables low-cost token transfers for an inclusive economy. Cost-efficient token transfers and swaps with high throughput.

What is the polygon-Hermez merger?

The two projects are also merging their native tokens. This is the “first-ever full-blown merger of blockchain networks,” Polygon co-founder Mihailo Bjelic told The Block. Ethereum scaling project Polygon (formerly Matic Network) has acquired Hermez Network — a ZK-Rollups-based Ethereum scaling solution — for $250 million.

Is polygon Hermez network a permissionless node?

All the data availability required to reconstruct the full state of Polygon Hermez Network is implemented on Ethereum, and so any permissionless node can be deployed and synchronized from it.

Will polygon merge ZK-Rollup project Hermez network?

“We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon. Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of MATIC tokens.