What is RAILGUN? Privacy Pools: A new approach to Innocent Proof

Privacy Pools, also known as Proofs of Innocence, represent a cutting-edge advancement in zero-knowledge (ZK) encryption technology. Developed by researchers and contributors from the RAILGUN project, this decentralized assurance system ensures that funds entering RAILGUN smart contracts come from legitimate sources, providing users with privacy and security without compromising their anonymity. Learn more at RAILGUN project.

What are Privacy Pools?

Privacy Pools are a decentralized tool that utilizes zero-knowledge proofs to ensure funds are not associated with known suspicious transactions or entities. The system allows users to create a zero-knowledge proof, which is a sealed data verifying that their funds are not linked to any predefined suspicious transactions or wallet lists. The entire process is end-to-end encrypted, ensuring the decentralization and privacy of funds without exposing any personal information.

How does it work?

Privacy Pools operate parallel but independently with the RAILGUN smart contract. As an open-source infrastructure, it can integrate with other protocols. It only uses public data, ensuring no additional information about RAILGUN users or their activities is revealed. The tool does not compromise the privacy protection provided by RAILGUN nor alter its underlying smart contract spending system. Transactions from 0zk addresses remain non-deanonymizable.

Advantages over traditional methods

Privacy Pools surpass traditional protection methods, which often require users to provide personal data to centralized entities, posing exposure risks. In contrast, Privacy Pools achieve the same level of protection using data on the public chain, eliminating the need for personal information. This makes it an outstanding tool in the fields of zero-knowledge and privacy technology.

Multiple ways to protect users

Ensuring transaction legitimacy

Privacy Pools ensure users do not share privacy systems with known bad actors, reducing the risk of transactions being questioned and enhancing the overall system integrity.

Boosting confidence of external participants

Exchanges and other external entities can confidently handle transactions from RAILGUN users, reducing wait times and ensuring smooth operations.

Secure private payments

Users can trust that private payments received from other RAILGUN users are secure and not related to suspicious activities.

Flexible and localized risk management

Privacy Pools allow users to adjust input data based on their risk profile and local regulations. For example, European users can choose EU-related lists, while US users can select lists relevant to the US.

Privacy Pools represent a significant advancement in privacy and protection technology. By leveraging zero-knowledge proofs and maintaining strict privacy standards, it offers a robust solution to ensure transaction integrity and security inside and outside the RAILGUN ecosystem. This innovative tool provides higher privacy protection, reduced risks, and flexible decentralized protection, making it an essential tool for any privacy-conscious user.