Vitalik Buterin donates 700 ETH to enhance privacy on Ethereum
The post Vitalik Buterin donates 700 ETH to enhance privacy on Ethereum appeared on BitcoinEthereumNews.com. Today, it was discovered that the famous co-founder of Ethereum, Vitalik Buterin, transferred approximately 694 ETH to Railgun, a protocol for privacy on Ethereum. The amount donated in ETH has a value exceeding 1.8 million dollars, and Buterin also added 341,000$ in USDC. Appena In: Vitalik (@VitalikButerin) ha trasferito 693.91 $ETH del valore di $1.83M e $340,931 $USDC a @RAILGUN_Project. Vitalik ha ricevuto $240,931 $USDC da @mfoundation. Indirizzo: 0x1810c87a85b1d3aff71f3bd7fe45e4dc03eff10e Dati @nansen_ai pic.twitter.com/vde99VzVHp — Onchain Lens (@OnchainLens) 4 giugno 2025 Vitalik and privacy: the 700 ETH donation to Railgun Ethereum is a completely transparent public protocol, meaning it has a low level of privacy. Almost two months ago, Vitalik Buterin published a roadmap for the privacy of Ethereum, which is a technical document primarily aimed at the developer community. A few days later, he published, instead, a long post on his official blog in which he explained why he supports privacy. In that post, Vitalik stated that he has been increasingly focusing recently on improving privacy in the Ethereum ecosystem. It defines privacy as “an important guarantor of decentralization“, because those who hold the information hold the power, and it is therefore necessary to avoid centralized control over the information. In particular, it highlights that in the past the crypto system underestimated privacy because there was no way to offer privacy in a decentralized manner, focusing exclusively on other guarantees that could be provided at that time. Now, however, with the ZK-SNARK things can change. According to the famous co-founder of Ethereum, nowadays privacy can no longer be ignored, especially because artificial intelligence is significantly increasing the capabilities of centralized data collection and analysis. In this regard, it is emphasized that highly efficient zero-knowledge proofs (ZK-SNARK) can protect our identities by revealing sufficient information to demonstrate our reliability, and fully homomorphic…
The post Vitalik Buterin donates 700 ETH to enhance privacy on Ethereum appeared on BitcoinEthereumNews.com.
Today, it was discovered that the famous co-founder of Ethereum, Vitalik Buterin, transferred approximately 694 ETH to Railgun, a protocol for privacy on Ethereum. The amount donated in ETH has a value exceeding 1.8 million dollars, and Buterin also added 341,000$ in USDC. Appena In: Vitalik (@VitalikButerin) ha trasferito 693.91 $ETH del valore di $1.83M e $340,931 $USDC a @RAILGUN_Project. Vitalik ha ricevuto $240,931 $USDC da @mfoundation. Indirizzo: 0x1810c87a85b1d3aff71f3bd7fe45e4dc03eff10e Dati @nansen_ai pic.twitter.com/vde99VzVHp — Onchain Lens (@OnchainLens) 4 giugno 2025 Vitalik and privacy: the 700 ETH donation to Railgun Ethereum is a completely transparent public protocol, meaning it has a low level of privacy. Almost two months ago, Vitalik Buterin published a roadmap for the privacy of Ethereum, which is a technical document primarily aimed at the developer community. A few days later, he published, instead, a long post on his official blog in which he explained why he supports privacy. In that post, Vitalik stated that he has been increasingly focusing recently on improving privacy in the Ethereum ecosystem. It defines privacy as “an important guarantor of decentralization“, because those who hold the information hold the power, and it is therefore necessary to avoid centralized control over the information. In particular, it highlights that in the past the crypto system underestimated privacy because there was no way to offer privacy in a decentralized manner, focusing exclusively on other guarantees that could be provided at that time. Now, however, with the ZK-SNARK things can change. According to the famous co-founder of Ethereum, nowadays privacy can no longer be ignored, especially because artificial intelligence is significantly increasing the capabilities of centralized data collection and analysis. In this regard, it is emphasized that highly efficient zero-knowledge proofs (ZK-SNARK) can protect our identities by revealing sufficient information to demonstrate our reliability, and fully homomorphic…
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