Press release

Hermez Lists on AscendEX – Press release Bitcoin News

PRESS RELEASE. AscendEX, formerly BitMax, a leading digital asset trading platform built by veterans of quant trading on Wall Street, announced the listing of the Hermez Network (HEZ) token on the USDT/HEZ pair on March 29 at 1:00 pm. UTC.

Hermez is a zk-rollup that allows you to scale payments and token transfers on top of the Ethereum public blockchain. Hermez uses the public Ethereum blockchain for data storage, not computation. Moreover, when zero-knowledge proofs are used, they are accompanied by easily verifiable in-chain proofs that the off-chain computations have been performed correctly.

The Hermez Network Token (HEZ) is the economic engine of the Hermez Network. Their model allows the network to withstand authorization and censorship of user transactions.

Hermez holds an auction in which anyone who wants to become a coordinator, i.e. a party creator in the Hermez ecosystem, bids the number of tokens they are willing to donate to create the next party. On the Hermes network, this mechanism is called Proof of Donation, as a significant portion of the stakes are donated to social protocols and services running on Ethereum. The objective of the Hermez network is to follow a gradual path towards full decentralization to ensure the stability and security of the network.

Hermez uses a new schema compilation language called Circom and the SnarkJS libraries developed by the team behind identical3. Although these technologies are relatively new, they are being used in other projects, such as Semaphore and Tornado Cash.

About AscendEX

Originally founded in 2018 as BitMax.io, AscendEx is a leading crypto and digital finance platform serving professional and retail traders. Our platform offers cash, futures, margin and equity products and integrates key elements of the DeFi to provide users with a single market structure. AscendEx is led by a team of Wall Street veterans who have applied the rigors of traditional markets to create a robust, safe and reliable experience for all participants; and a consistent source of liquidity for primary offerings.

For more information and updates, please visit the website:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Support: https://medium.com/ascendex

About Hermez

Hermez is a zk-rollup that allows you to scale payments and token transfers on top of the Ethereum public blockchain. Their model allows the network to withstand authorization and censorship of user transactions. They believe that everyone should have access to funding. They are working on an open-source scalability model based on zero-knowledge technology to simplify and reduce the cost of individual payments, create arbitrage opportunities and facilitate the transition to digital currency.

For more information and updates, please visit the website:

Website : https:/Hermez.io

Twitter: https://twitter.com/hermez_network

Telegram: https://t.me/hermez_network

Blog : https://blog.hermez.io/

This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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