Ethereum Co-Founder Vitalik Buterin Supported a New Altcoin! There was a big jump in price!

He/she positively affects the market and the price of the relevant altcoin with his/her shares and statements. Ethereum (ETH) co-founder Vitalik ButerinA new move came from.

Finally Railgun (RAIL) Vitalik Buterin, who supported the altcoin named RAIL, caused an unprecedented increase of up to 240% in the price of RAIL.

At this point, Buterin supported RAIL with his post from his X account, while also praising its innovative privacy pools protocol.

Prior to this post, Arkham revealed that Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun today, while Chinese journalist Wu Blockchain reported that for the past six months, Vitalik Buterin had been using a small amount of ETH almost every month. He stated that he interacted with Railgun.

Quoting this post from Wu blockchain, Vitalik Buterin said the following about Railgun:

“Privacy is normal.

Railgun uses the privacy pools protocol, which makes it much more difficult for bad actors to join the pool without compromising users’ privacy.”

Privacy is normal.

Railgun uses the privacy pools protocol ( https://t.co/DekkatsMR5 ) which makes it much harder for bad actors to join the pool without compromising users’ privacy.https://t.co/MG0huDzpAu

— vitalik.eth (@VitalikButerin) April 15, 2024

What is Railgun?

Railgun is an EVM privacy protocol that enables DeFi private transactions. Using Railgun allows your wallet addresses to be removed from your actions and transactions on blockchains where your information was previously public for anyone to see.

RAIL, which increased by up to 240% after Vitalik Buterin’s post, continues to be traded at $ 1.66 with an increase of 191% at the time of writing.

*This is not investment advice.