Ethereum-Based Privacy Protocol Explodes 168% After Vitalik Buterin Voices Support, Says ‘Privacy Should be Normal’

Ethereum-Based Privacy Protocol Explodes 168% After Vitalik Buterin Voices Support, Says ‘Privacy Should be Normal’
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Ethereum (ETH) founder Vitalik Buterin says that on-chain privacy should be accepted as normal following his transaction with the Railgun protocol.
First reported by crypto reporter Colin Wu, Arkham Intelligence data shows that Buterin recently transferred 100 ETH using the privacy protocol.
“Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is an EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small amounts of ETH basically every month.”
Responding directly to Wu’s post, Buterin said,
“Privacy is normal.
Railgun uses the privacy pools protocol (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4563364) which makes it much harder for bad actors to join the pool without compromising users’ privacy.”
After Buterin voiced his support, RAIL, the protocol’s utility token, skyrocketed in price from $

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