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Hermez Network (HEZ) is a decentralized layer-2 scaling solution for Ethereum that utilizes zk-rollups to enhance transaction throughput and reduce costs. By aggregating multiple transactions into a single proof, Hermez Network aims to improve the scalability of the Ethereum blockchain while maintaining security and decentralization.
Arbitrum (ARB) is a layer 2 scaling solution designed to enhance the Ethereum blockchain's transaction throughput and efficiency. By utilizing optimistic rollups, Arbitrum allows for faster and cheaper transactions while maintaining the security and decentralization of the Ethereum network.