Bringing Privacy to DeFi | Railgun Protocol | Alan Scott

Jul 26, 2022

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Audio from the July 18th, 2022 installment of “Polygon Alpha” with Alan Scott - Co-founder/Janitor of Railgun.LinkTree - https://linktr.ee/polygonalphapodcast

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Railgun - Privacy is something all humans instinctually value.

- It is a well-recognized human right, and even those who deny it to others expect it for themselves.

- Privacy and anonymity should be the default, not the exception. Your consent should be needed before your personal or financial details are revealed to any would-be voyeur.

- A small community of passionate and skilled privacy enthusiasts are developing RAILGUN, a privacy and anonymity system built directly on-chain on Ethereum, from which you can interact directly with DEXs, lending platforms, and popular smart contract applications.

- RAILGUN keeps your actions secret, protecting your privacy, and allows you to keep your identity secret - thus giving you anonymity.

- RAILGUN does this without you ever having to leave the safety and liveliness of Ethereum and its booming ecosystem.

- Not only that, RAILGUN will bring its revolutionary advantages to other blockchain ecosystems in rapid succession.

- If you ever need to be transparent, RAILGUN can generate a verifiable report of your actions and balances (for an auditor or compliance officer, for example), with a privacy preserving Zero Knowledge method.

- This means your funds will still be hidden from the public, but you can provide evidence of the sources to your chosen colleague or recipient.

- The goal of RAILGUN is not to strip away the third-party verifiability of actions taken on-chain, but rather to give back to users the power to choose who sees what, when, and why.

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