Vitalik Buterin transfers $300,000 to privacy protocol Railgun (again) | Headlines | News | CoinMarketCap
05/22/2024 18:47Ethereum co-founder Vitalik Buterin has continued his usage of the privacy protocol Railgun — transacting 80 ETH (nearly $300,000) on it today. …
Ethereum co-founder Vitalik Buterin has continued his usage of the privacy protocol Railgun — transacting 80 ETH (nearly $300,000) on it today.
Buterin has been engaging with the service for several months, typically with smaller amounts, on-chain data aggregated on Arkham Intelligence data shows.
Buterin had previously transferred 100 ETH in April ($300,000 at the time) via Railgun and supported its use. “Railgun uses the privacy pools protocol, which makes it much harder for bad actors to join the pool without compromising users’ privacy,” he stated then.
Railgun is a privacy protocol that makes use of ZK SNARKs, a zero-knowledge proof technology. This lets users conceal their wallet addresses during transactions on open-ledger blockchains. It is often wrongly labeled as a mixing …