Polygon (MATIC) Team Accelerates: Layer 2 Solution Launching Hermez!

Strong one Ethereum (ETH) As the competition for a Tier 2 solution continues, Polygon (MATIC), Ethereum scaling solution Hermez Launches a public testnet for

Polygon (MATIC) Hermez Launches Test for Layer 2 Network

Polygon acquired Ethereum Layer 2 scaling solution Hermez for $250 million late last year.

Hermez is working on top of Ethereum, increasing its scalability by allowing it to process more at a cheaper price.

Users will also be able to test this new network for the first time. Hermez is a type of Tier 2 scaling solution known as zkEVM. It offers advantages that other Tier 2s do not, especially in terms of security and application customization.

Polygon Co-Founder Mihailo Bjelic said:zkEVMIt was believed that it would take a few more years to launch, but the point reached today is not only for Polygon, but for all Web3 It will be a groundbreaking milestone for the industry.”

ZkEVMs extend all the benefits of Tier 2s, while developers’ industry-standard scripting language solidityUsing Zero Knowledge (ZK) Allows you to create applications.

This means that applications and developers get all the security and scaling benefits of ZK without having to learn a new scripting language.

After launch, DeFi protocols such as Aave and Uniswap will be deployed on the testnet. This will allow protocols and users to experiment with Hermez.

Moreover, aave and UniswapIt will make it possible for the teams behind .

polygon, polygon Proof of Stake He stated that all applications, tools and user wallets built on the network will also work on Hermez.

This announcement came just before zkSync launched its mainnet on October 28.

*Not investment advice.