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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.
VeThor Token (VTHO) is a utility token that serves as the operational currency within the VeChainThor blockchain ecosystem. It is primarily used to pay for transaction fees and to facilitate the execution of smart contracts on the platform, making it essential for users engaging with the VeChain network.