The post Vitalik Buterin pitches Railgun model as privacy and fraud pre-screening solution appeared on BitcoinEthereumNews.com.

Vitalik Buterin sent out a message in support of Railgun, an alternative confidentiality service for Ethereum. He suggested the mixer or its forks could mix confidentiality with preliminary screening for suspicious wallets.  Ethereum’s founder Vitalik Buterin supported Railgun as the solution that combines confidentiality and anti-fraud screening. Buterin suggested that the mixer can pre-screen transactions, after the protocol intercepted funds that originated from the recent ZKLend hack on Starknet.  This is a solid demonstration of Railgun’s privacy pools mechanism ( https://t.co/DekkatsMR5 ) working in practice, allowing Railgun to avoid serving proceeds of crime without using any snooping / backdoors. How it works: * Anyone can deposit into Railgun.* After you deposit,… https://t.co/SqclMS3SzO — vitalik.eth (@VitalikButerin) February 13, 2025 The funds from the hack are still held in the flagged wallet on Ethereum, as they were bridged to the L1 network. However, there are now more limited options to mix and launder those funds. Railgun remains a filter, unlike the Tornado Cash mixer. Addresses linked to interactions with Tornado Cash may also be blacklisted by exchanges, leaving limited options for the hacker to cash out.  Railgun developed its ecosystem for screening, claiming its technology was available for crypto payrolls and honest traders. It relies on Private Proof of Innocence, a process of screening for an hour or more as needed, only then allowing further transfers. The protocol started in 2023, after a partnership with Chainway. The Railgun model has no central authority, and the smart contract cannot freeze the funds. However, it can deny further transactions, breaking the chain of hiding funds for bad actors.  Buterin is a known supporter of Railgun, both as a user and a sender of funds in support of the protocol. Previously, Buterin has moved as much as 400 ETH through the mixer, both as a…

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Filed under: News - @ February 13, 2025 3:28 pm