According to information shared by Spot on chain, Ethereum founder Vitalik Buterin recently transferred 400 ETH to the privacy protocol Railgun, which is worth approximately US$1 million in US dollars. According to statistics, Vitalik has transferred a total of 662 ETH to Railgun in the past 10 months, with a total value of approximately US$19 billion.
Founded in January 2021, Railgun uses zero-knowledge encryption technology to hide wallet balances, transaction history, and transaction details, allowing users to use decentralized applications (DApps) on Ethereum or other supported chains while maintaining privacy. ).
Railgun uses a technology called "Privacy Pool Protocol", which is designed to make it more difficult for criminals to enter and use the pool while ensuring user privacy. Vitalik has previously commented on Railgun's ability to enhance privacy while maintaining protection against bad actors.
Vitalik Buterin (@VitalikButerin) just transferred another 400 $ETH ($1.05M) into the mixer #Railgun.Vitalik previously mentioned that Railgun is an effective way to safeguard user's privacy And over the past 10 months, he has continuously transferred 662 $ETH ($1.91M) in… https://t.co/YtfNBIjIEK pic.twitter.com/V7NUReaat9
— Spot On Chain (@spotonchain) August 19, 2024
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