Despite its benefits, Railgun has faced criticism, particularly due to its misuse by hackers.
Vitalik advocates for the normalization of privacy in blockchain transactions.
Ethereum co-founder Vitalik Buterin has recently made a significant transfer of 80 ETH, approximately valued at $300K, to the privacy protocol Railgun. This transfer is part of his routine; he transferred small amounts of ETH to Railgun monthly over the past six months, and this reflects his commitment to transaction privacy.
Railgun is a privacy protocol that uses zero-knowledge proofs (zk-SNARKs) to enable anonymous transactions on the Ethereum network. This technology allows users to make transactions without revealing the amount, asset, sender, or recipient. Buterin has previously praised Railgun for its ability to protect user privacy and for preventing malicious activities.
Privacy and Regulatory Compliance
Buterin’s regular use and accreditation of Railgun highlights its prominence, which sub
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