Tue, April 16, 2024 at 18:12

• 

  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.🤯

  • 
• Annie

  • Really?😮 That's interesting.

  • What brought this on?

  
• 

  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?

  
• ADward

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

  
• 

  Joy

  • Exactly!

  • For the past six months, he's been interacting with Railgun using small amounts of ETH almost every month.🕵️‍♀️

• Annie

  • That's quite a commitment to privacy.

  • But isn't there a downside to this?

  
• 

  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.

  • 

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

  • 
• Annie

  • Oh no!😱 That sounds like a serious issue.

  
• 

  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!💰

  • 
• Annie

  • Wow!

  • That's a huge increase.

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

  
• 

  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!🚀

  • To sum up, this article is considered a 😍Bullish for investors!!