Hermez will announce the first version of the ZK-Rollup network in early 2021.
Ethereum's second-layer network solution, Hermez, has announced that it will release the first version of its ZK-Rollup network in early 2021, which includes the first deployment of its industry Massive Migration Layer 2. Hermez is giving way to bundling and removing the L2 load using the same L2 address of the smart contract. Summary of target The smart contract uses the Hermz model to deduct all funds from L1. The recipient's L2 network administrator is responsible for the L1 operations to delete and delete the amount of this data in the newly created account. As part of the deregistration, Hermez will include the information necessary to establish the original Hermez L2 replacement site and account login details. This can be accomplished by running the circuit in the L2 receiver (if supported). With the help of mass migration (MM), users can manage L1 smart cards externally in the same way as transferring tokens to another L2 user.
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