Tue, April 16, 2024 at 18:12

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    Joy

    • Hey Annie, guess what?

    • Ethereum founder Vitalik Buterin just made a statement that's causing quite a stir.

    • He's saying that on-chain privacy should be accepted as normal.๐Ÿคฏ

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  • Annie

    • Really?๐Ÿ˜ฎ That's interesting.

    • What brought this on?

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    Joy

    • Well, it all started when he transferred 100 ETH using the Railgun protocol.

    • This protocol is all about privacy and enables DeFi private transactions.

  • Annie

    • Oh, I see.

    • So, he's been using this protocol for a while now?

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  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

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    Joy

    • Exactly!

    • For the past six months, he's been interacting with Railgun using small amounts of ETH almost every month.๐Ÿ•ต๏ธโ€โ™€๏ธ

  • Annie

    • That's quite a commitment to privacy.

    • But isn't there a downside to this?

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    Joy

    • Well, there can be.

    • Railgun was highlighted by the FBI last year as a tool used by North Korean hackers, like the Lazarus Group.

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    • They used it to launder over $60 million worth of Ethereum stolen during the June 2022 heist.

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  • Annie

    • Oh no!๐Ÿ˜ฑ That sounds like a serious issue.

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    Joy

    • It is!

    • But despite this, after Buterin voiced his support for the protocol, RAIL, the protocol's utility token, skyrocketed in price from $0.58 to $1.56, a 168% gain!๐Ÿ’ฐ

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  • Annie

    • Wow!

    • That's a huge increase.

    • So, is this news good or bad for the market?

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    Joy

    • Well, it's a bit of both.

    • On one hand, it's great for those who invested in RAIL.

    • On the other hand, there are concerns about the potential misuse of privacy protocols like Railgun.

    • But overall, I'd say it's positive news because it shows the potential of privacy-focused blockchain technology!๐Ÿš€

    • To sum up, this article is considered a ๐Ÿ˜Bullish for investors!!