ATS message, on February 13th, Ethereum co-founder Vitalik Buterin posted on social media, stating that the 'Railgun privacy pool mechanism allows Railgun to avoid handling proceeds of crime without any monitoring or backdoors. The operation is as follows: · Anyone can make a deposit to Railgun. · After the deposit, there will be a 1-hour detection period during which various algorithms will analyze whether the deposit may be from criminal activities. · If the deposit passes the screening, the user can use Zero-Knowledge Proof (ZKP) for private withdrawals after 1 hour (but it is recommended to wait longer to obtain a sufficient anonymous set). · If the deposit does not pass the screening, the user can only withdraw the funds back to their Address. This will not result in the funds being frozen or confiscated, only the inability to enjoy the anonymity feature of the privacy pool. If someone disagrees with Railgun's screening rules, they are free to fork and create their own privacy pool, but without sufficient broad public support, their Anonymity will be very limited.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ATS message, on February 13th, Ethereum co-founder Vitalik Buterin posted on social media, stating that the 'Railgun privacy pool mechanism allows Railgun to avoid handling proceeds of crime without any monitoring or backdoors. The operation is as follows: · Anyone can make a deposit to Railgun. · After the deposit, there will be a 1-hour detection period during which various algorithms will analyze whether the deposit may be from criminal activities. · If the deposit passes the screening, the user can use Zero-Knowledge Proof (ZKP) for private withdrawals after 1 hour (but it is recommended to wait longer to obtain a sufficient anonymous set). · If the deposit does not pass the screening, the user can only withdraw the funds back to their Address. This will not result in the funds being frozen or confiscated, only the inability to enjoy the anonymity feature of the privacy pool. If someone disagrees with Railgun's screening rules, they are free to fork and create their own privacy pool, but without sufficient broad public support, their Anonymity will be very limited.