Railgun: Privacy Protocol Denies Links to North Korea and Approaches Volume to $1 Billion.

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18 Apr 2024

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In the increasingly complex universe of cryptocurrencies, privacy has become a central concern for many users. In this context, Railgun emerges as an option that not only ensures data confidentiality, but also flatly denies any association with entities sanctioned by the United States, such as North Korea.

Cutting-edge Technology: Zero Knowledge for Absolute Privacy

Founded in January 2021, Railgun takes an innovative approach to information protection. Its utilization of zero-knowledge (ZK) cryptography ensures that wallet balances, as well as transaction history and details, remain completely private. This technology not only preserves the confidentiality of users, but also allows them to interact with decentralized applications on Ethereum and other supported networks without exposing their data.

Strong Response: Rebuttal of Unfounded Accusations

Recently, Railgun has found itself in the middle of controversies related to alleged ties to North Korean entities. However, the company has firmly rejected these allegations, stating that its "Private Proof of Innocence" protocol prevents any involvement of unwanted actors in its system. This measure, implemented more than a year ago, has been key in defending the integrity of Railgun against unfounded accusations.

Support from Eminent Figures: Vitalik Buterin and his support for Railgun

Endorsement from prominent figures within the crypto ecosystem, such as Vitalik Buterin, has helped strengthen Railgun's credibility. Buterin has publicly praised Railgun's approach to privacy, highlighting that privacy is a fundamental right and that protocols like Railgun's make it significantly more difficult for malicious actors to participate.

Sustained Growth: Reaching New Milestones

As its total volume approaches the impressive $1 billion mark, Railgun continues to prove its worth in the market. Recent data shows steady growth, with the total value locked in Ethereum exceeding $25 million. Furthermore, Vitalik Buterin's recent endorsement has boosted the value of the Railgun token, which has seen an 86.3% increase in the last seven days.

In a landscape where privacy and security are a priority, Railgun stands as a pillar of trust for cryptocurrency users. Its commitment to privacy, backed by cutting-edge technology and support from influential figures, positions it as a leading option in the crypto space.