A New Smart Contract Service is coming to Binance Smart Chain
As per the latest reports, a prominent smart contract privacy service provider has made an announcement for its users. The platform has announced that it is also coming over to the Binance Smart Chain (BSC). At present, the particular platform, Railgun is available through the Ethereum network. Now, the platform will also be available through the BSC network for the users.
With its latest move, Railgun has successfully achieved the ultimate goal of being available on two of the most prominent and highly adopted platforms in the industry.
The platform has been known for providing a remarkably high amount of protection and privacy to the users on the Ethereum network. Now, the users on the Binance Smart Chain will also be able to benefit from the platform.
The privacy provider, Railgun is known for providing users with the protection and freedom of keeping their privacy intact. The platform reportedly manages to achieve this with zk-SNARKs’ implementation.
With the help of the zk-SNARKs’ platform, the users will be able to use the Railgun privacy system in order to call the platform from different smart contracts. Using the platform, the users are able to hide their identity, holding, as well as trading strategies.
Judging by its growth and recognition, anyone may get confused that the platform has been around for a very long time. Surprisingly, the platform had only been launched back in starting of 2021. In such a short amount of time, the platform has demonstrated remarkable growth.
It was just the end of the last year when the platform completed its closed testing phase. Later on, the platform launched its first public pilot testing phase at the beginning of 2021. After going through the necessary testing, the platform was launched in the first quarter of 2021.
After gaining tremendous growth and success through the Ethereum network, Railgun is now ready to make its presence known through platforms that the compatible with Ethereum Virtual Machine.
This is where the Binance Smart Chain has a lot of prominences and it is one of the most efficient platforms. Therefore, Railgun has made its move towards the BSC network with aim of gaining prominence on the particular network.
One of the major reasons why Railgun has gained a lot of adoption is because of its native/governance tokens, RAIL. It was back on June 30, 2021, when the RAIL governance tokens were launched. The tokens are known for allowing users to participate in voting on the platform as well as staking.
To create anticipation for the BSC launch, Railgun has started rewarding users with BSC RAIL who stake their RAIL on the Ethereum network.