Vitalik: Mailgun privacy pool mechanism can filter illegal funds without monitoring or backdoors

BlockBeats News: On February 13th, Ethereum co-founder Vitalik Buterin posted on social media that the Railgun privacy pool mechanism allows Railgun to avoid processing criminal proceeds without any monitoring or backdoors. The operation method is as follows: Anyone can deposit money into Railgun· After depositing, there will be a 1-hour detection period during which various algorithms will analyze whether the deposit may have originated from criminal activities they have identified· If the deposit passes the screening, users can use Zero Knowledge Proof (ZKP) for private withdrawals within 1 hour (but it is recommended to wait longer to obtain sufficient anonymous sets)· If the deposit does not pass the screening, the user can only withdraw the funds back to their own address. This will not result in the funds being frozen or confiscated, but rather the anonymity feature of the privacy pool cannot be enjoyed. If someone does not agree with Railgun's filtering rules, they are free to fork and create their own privacy pool, but if they cannot gain sufficient public support, their anonymity will be very limited