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Iden3 Launched Hermez, Increasing ETH’s TPS to 2000 And Reducing Transaction Fees
Summary: According to Decrypt, Iden3, an open-source company that manages self-sovereign identities, launched Hermez on August 10 to improve Ethereum’s scalability, making a considerable advancement by increasing the current transactions per second (TPS) rate of 15 to 2,000. It will group multiple transactions on a separate chain and then upload those as single transactions. Hermez also ...
According to Decrypt, Iden3, an open-source company that manages self-sovereign identities, launched Hermez on August 10 to improve Ethereum’s scalability, making a considerable advancement by increasing the current transactions per second (TPS) rate of 15 to 2,000. It will group multiple transactions on a separate chain and then upload those as single transactions. Hermez also reduces the cost of transactions greatly as it’s not dependent on transaction fees.
Tracy Chen
Tags: ETH
Link: Iden3 Launched Hermez, Increasing ETH’s TPS to 2000 And Reducing Transaction Fees [Copy]
