Digital Currency Group Backs Railgun with Strategic Partnership 

RAILGUN Project sees more than $10 million acquired and staked through Digital Currency Group (DCG)

RAILGUN is a privacy-preserving protocol that provides security and anonymity for cryptocurrencies and  decentralized finance (DeFi). Recently, the project announced the Digital Currency Group (DCG) would be part of a strategic partnership through a $10 million investment. DCG is the parent company of CoinDesk, a company that achieved a $10 billion valuation in 2021. The recent partnership is a big move for all involved and offers a promising step forward for Railgun. Before agreeing to the major backing, DCG spent time researching RAILGUN’s coding, roadmap and backend to make sure it was strong enough to scale with high demand.

The RAILGUN protocol has already been established on Ethereum, Binance Smart Chain and Polygon. Deployments on Polkadot and Solana are expected to follow in the near future. The smart contract system lets users participate in trustless transfers that keep them anonymous and out of sight. Anyone can interact with other DeFi apps while keeping their addresses, balances and information completely private.

Railgun allows users to accomplish many things, such as:

• Performing darkpool-style trading, ensuring your strategies cannot be copied or countertraded
• Entering into new coin investments without alerting those who follow your wallet
• Building a shielded balance without outsiders knowing the specifics of your holdings
• Making confidential payments to your attorney when seeking legal advice on personal disputes
• Receiving donations without outsiders being able to view donation history
• Preventing spying and data collection related to transaction habits
• Keeping DeFi habits invisible to advertisers or fraudsters looking to target individuals with particular interests
• Avoiding awkward situations where acquaintances, employers or even potential dates look into your DeFi holdings to make personal judgments about you
• Participating in the advancement of cryptographic privacy technology
• Furthering the ideology of bringing the level of privacy possible in the DeFi space to a level equal to that of mainstream financial institutions

RAILGUN has impressive plans for future growth mapped out, including promises of private trading systems and auctions for non-fungible tokens (NFTs).  

“Through a collection of smart contracts that verify zero-knowledge proofs, the Railgun team has built a privacy system directly on Ethereum and other Layer-1 protocols, from which you can interact with decentralized exchanges, lending platforms, and popular smart contract applications,” said DCG Director of Investments Matt Beck in the group’s statement. “Railgun fills a clear gap in the market and solves the privacy problem that everyone who uses crypto will come across.”

The partnership has led to DCG staking over $10 million of the RAIL token and donating over $7 million in stablecoins to  the treasury of the project’s decentralized autonomous organization (DAO).

Press Release