.RAILGUN_Project’s new functionality – initially developed by the developer chainway_xyz for use on Tornado Cash – could allow users to mathematically demonstrate that coins in transactions did not come from blacklisted addresses. liqquidity reports
last August, arguing that the platform had been used to launder more than $7 billion.
The new functionality on Railgun allows users “to create a proof that their transactions are from a list of transactions that have not interacted with any blacklisted addresses, without revealing their identity,” according to a statement. The Railgun privacy system is deployed on Ethereum, Polygon, Arbitrum and Binance Smart Chain.
Users can “mathematically prove the legitimate origins of their funds,” according to the statement. “It is an entirely zero-knowledge-based system, so user privacy is never compromised.” Lists of blacklisted addresses can be sourced from forensic tools like Elliptic, TRM Labs or Chainalysis, according to Railgun.
Proof of concept on the new feature is expected late in the second quarter of this year, with full delivery expected in the third quarter.while donating about $7 million in stablecoins to the project’s decentralized autonomous organization treasury.
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