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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.
FIO Protocol (FIO) is designed to improve the usability of cryptocurrencies by providing a decentralized, user-friendly interface for sending and receiving digital assets. It allows users to create human-readable addresses for their crypto wallets, eliminating the need for complex alphanumeric strings, and enhances the overall experience of crypto transactions.