What Is RAILGUN (RAIL)?

RAILGUN is a privacy and anonymity system built on the Ethereum blockchain. According to the whitepaper, RAILGUN is developed by a group of people who are passionate about data privacy. RAILGUN aims to allow users to interact with DEX platforms and utilize smart contracts through the host network. RAILGUN does not attempt to oust third-party verifications, but rather gives the users the ability to decide who can access their information.

Public blockchains contain data and information of all users. This data is easily accessible for everyone who is participating in the blockchain ecosystem. The developers of RAILGUN believe that privacy is an integral factor and should be prioritized for its users. RAILGUN seeks to provide anonymity by keeping the actions of the users a secret.

RAILGUN aims to implement zero-knowledge proofs in order to ensure its users that they can store their assets in their original forms. The developers of the project believe that to achieve proper anonymity, assets need to be stored privately without public knowledge. By creating an ecosystem where privacy, transactions, and trade activities all take place, RAILGUN aims to offer its users a large anonymity pool.

RAIL is the governance token for the RAILGUN platform. The RAIL token is designed to provide incentives to users who participate in the governance of RAILGUN. Holders of the RAIL token can vote on the governance proposals on the platform. To be able to vote, holders have to stake their RAIL tokens. One token equals one vote. The RAIL token is to be channeled into liquidity pools. The users who contribute to the early pools can exert governance rights within the RAILGUN platform. The anonymous nature of the liquidity pools can aim to protect the identity of the token holders. The developers envision that this anonymity can help to develop a robust ecosystem that would lead to RAILGUN DAO.

History of RAILGUN (RAIL)

The whitepaper of RAILGUN was released in July 2021. The project was founded by Emmanuel Goldstein. Kieran Mesquita is the chief scientist of the project, while Dr. Andrey Kravchenk is the project manager. Phil Huang, Edward P. Fricker, Alyssa G., and Dr. Geoff Goodell are the advisers to the RAILGUN project. A total of 100 million RAIL tokens is to be the maximum total supply.