In this week’s Wealth Mastery Altcoin Review, we’ll discuss the following topics and learn “What is Railgun Network.”
- What is Railgun Network?
- What is the future of Railgun Network?
- What is RAIL altcoin?
- How do you buy Railgun?
- Is Railgun a good investment?
What is Railgun Network?
Railgun Network is an interesting addition to the cryptocurrency space that hardly anyone is talking about. Launched in 2021, Railgun solves the privacy issues associated with transacting on open public networks like Ethereum as we move closer to Web3.
With zero-knowledge proofs being the backbone of Railgun, it’s already using the most advanced privacy technology developed for the blockchain. This allows privacy on the network without depending on relay chains or external bridges to provide shielded transactions. This new privacy system is built for Layer-1 and Layer-2 networks, meaning there are no limitations to its inclusion in any current blockchain. By keeping all information on-chain, Railgun provides users with private transactions without data loss.
One of the biggest breakthroughs for Railgun is the addition of Stealth NFTs. Anyone who uses Railgun can access liquidity from any integrated network, unlike other solutions that fracture liquidity and force users to choose which chain to keep their assets on. Railgun gives direct access to liquidity without siphoning it from another network to Railgun, unlike most traditional Layer-2’s. Railgun is available through the Railway DeFi Wallet on Web, Mobile, and Desktop.
Of course, private transactions on Railgun are not mandatory. Users can shield or un-shield their transactions instead of being forced into a privacy-only environment. For transparency purposes, users can always generate a verifiable audit of their transactions for business or personal reasons, so you can hide your funds from the public and still operate proper bookkeeping policies. This is very important for business purposes.
Since its creation, the project has placed a high value on community input instead of a centralized governance model. Every move forward has been voted on by the community, a theme you’ll find present throughout the journey of the project. Development is present to push the project forward through any technical limitations that come up, but not there to break or control the decentralized model. This has been harder to find when you look at what’s currently available in the market. The founders have always maintained complete transparency. Despite many project founders using “privacy” as a means to remove real responsibility from the project and hide in the shadows. Railgun is publicly accountable.
Railgun has partnered with REN to provide access to Railgun’s shielded transaction system. In the Railway App, users can mint renZEC or any other token supported by Ren and include it in the user’s Railgun balance in a single in-app transaction. The versatility of Ren’s bridging system, combined with an app that expedites its use and enhances the user’s privacy in a single transaction, ensures users are in no way limited when it comes to multi-chain functionality.
The Railway app is also integrated with the 0x Protocol for easy near-instant swaps between supported tokens and is the twelfth most used protocol…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
