Hello friends, I would like to present to you "Railgun" - first off I would like to say, I am in no way affiliated with this project. I just happen to be someone who values privacy and is always in a constant search for new and interesting tools such as this. Please do your own research. I will provide all the information I have gathered below and leave the rest up to you. The conclusion I have come to is something like this is needed more than ever with the current regulations coming down on DeFi and stablecoins. If they can pull it off, could be very valuable for everyone..
So what is Railgun? It is a protocol designed to secure every transaction or smart contract interaction on the Ethereum blockchain via zk-snarks privacy.. All done on Layer 1! This is all the information I have gathered on it below.
Good luck my friends.
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Two YouTube videos you may want to take look at:https://youtu.be/1zEdMYiNKU8https://youtu.be/PpkVrYPWM3QMore info: https://medium.com/@Railgun_Project/moonshot-hunter-ama-df38ecd453d7Whitepaper: https://bafybeiakdhweojvf7zvtp2tr32alzam4yyifbolf7fgrmsshalea7fv55m.ipfs.cf-ipfs.com/docs/Railgun%20Project%20Whitepaper%20-%20July%202021.pdfInfo from their website:
Privacy is something all humans instinctually value. It is a well-recognized human right, and even those who deny it to others expect it for themselves. Privacy and anonymity should be the default, not the exception. Your consent should be needed before your personal or financial details are revealed to any would-be voyeur.
A small community of passionate and skilled privacy enthusiasts are developing RAILGUN, a privacy and anonymity system built directly on-chain on Ethereum, from which you can interact directly with DEXs, lending platforms, and popular smart contract applications. RAILGUN keeps your actions secret, protecting your privacy, and allows you to keep your identity secret - thus giving you anonymity. RAILGUN does this without you ever having to leave the safety and liveliness of Ethereum and its booming ecosystem. Not only that, RAILGUN will bring its revolutionary advantages to other blockchain ecosystems in rapid succession.
If you ever need to be transparent, RAILGUN can generate a verifiable report of your actions and balances (for an auditor or compliance officer, for example), with a privacy preserving Zero Knowledge method. This means your funds will still be hidden from the public, but you can provide evidence of the sources to your chosen colleague or recipient. The goal of RAILGUN is not to strip away the third-party verifiability of actions taken on-chain, but rather to give back to users the power to choose who sees what, when, and why.
https://railgun.ch/https://coinmarketcap.com/currencies/railgun/
