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Easily convert PAXG to HEZ with ConvertOnline's efficient tool.
PAX Gold (PAXG) is a digital asset that represents a claim on physical gold, where each token is backed by one fine troy ounce of gold stored in professional vaults. It combines the stability of gold with the efficiency of blockchain technology, allowing users to trade, transfer, and hold gold in a digital format.
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.