On 19 August, Ethereum co-founder Vitalik Buterin transferred $1 million worth of Ether to the Railgun privacy protocol, demonstrating once again his support for a privacy-focused interface. This is not the first time he has converted his ETH to the crypto mixer Railgun.
Ethereum co-founder is a strong advocate of privacy protection tools and has previously cited Railgun as an effective method of protecting user privacy.
Buterin has been a frequent user of the platform over the past 10 months and in 2024 transferred 662 ETH worth $1.91 million to Railgun. The latest transaction underscores Buterin’s continued support for privacy-enhancing technologies in the cryptocurrency space. This development comes after Vitalik Buterin transferred ETH worth $500,000 to an unknown address last week. Although Ethereum has made significant progress as a public blockchain network, user privacy continues to be in demand, and Buterin is trying to address this issue.
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