MultiversX Tracker is Live!

Railgun has built something better than a mixer

All Cryptocurrencies

by COINS NEWS 127 Views

Allow me to give you the details.

There is a new privacy wallet built on Railgun called Railway. It uses zk SNARK Proofs to send shielded transactions of any erc 20 or erc 721 token and it's all done on chain. The shielded transactions that you send appear as 0 on Etherscan. This more or less accomplishes the same goal as a mixer by making your holdings/balance amount unknown, but it’s a wallet and wallets can’t be sanctioned as far as I know.

The wallet is just one half of the puzzle, the other is the Railgun Software Dev Kit which is being released in a few weeks. The SDK enables DeFi Platforms to plug Railway's tech into their protocol. The SDK combined with the Railway wallet means people can use their hidden funds to privately LP, Yield Farm, and even Lend them out. Once Railgun is integrated into a dApp, users have access to the same amount of liquidity as before. This all works on any EVM-capable chain.

submitted by /u/Scroogemcdickk
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments