RAILGUN was recently audited by Zokyo, a firm that specializes in smart contracts, staking, and governance. After auditing both RAILGUN and RAILGUN DAO, Zokyo gave the highest score it has ever given. See how this smart contract company was able to achieve a perfect 100.
Passes Security Qualifications
The Zokyo Security team put RAILGUN’s smart contracts through a rigorous test of security qualifications. Fortunately, they had plenty of data to work with. The testable code was more than 98%, which is above the industry standard of 95%.
During the process, the auditing team did everything to ensure that the contracts adhered to best practices, regardless of whether that was applied to methodology, implementation, distribution, etc. The security team was able to state without a shadow of a doubt that RAILGUN posed no security or operational risk. And while this isn’t a formal recommendation or endorsement from the firm, it’s a nod to the logic and quality of the underlying framework that RAILGUN has managed to achieve.
Why This Matters
RAILGUN is giving people a more effective way to keep their transactions private on the blockchain. Rather than using something like a mixer, which can ultimately restrict activity, RAILGUN is as flexible as it is easy to use.
Yet the crux for anyone considering a smart contract comes down to how secure it is. Zokyo has not only stated unequivocally that these smart contracts were expertly coded to protect users, they’re also built to work within the fast-paced crypto networks. It’s a true benefit for anyone who doesn’t want their activity revealed to prying eyes.
Security in Crypto
At RAILGUN, security and privacy go hand-in-hand. The team is run by cryptography experts and Blockchain gurus with zero tolerance for vulnerabilities. Zokyo is a team with proven expertise in zk-SNARKs technology, and their qualifications speak for themselves. After combing through the well-established libraries at RAILGUN, what Zokyo found was a company worthy of their best possible rating. The team was also satisfied by the governance and staking of the RAILGUN’s token. Known as RAIL, it can be purchased on DeFi exchanges such as SushiSwap.
RAILGUN on Privacy
Your wallet address is open for people to see, and the information it contains can be valuable to outsiders for any number of reasons. Employers might feel free to look up your transaction history. Copycats might mirror your darkpool-trading styles in hopes of capitalizing off your strategy. Companies might market to you based on your buying habits.
Whatever it is that you want to keep protected, RAILGUN is making it easier to do. This permissionless system, built directly on the Ethereum network, allows for the vast majority of ERC-20 tokens to become untraceable without requiring any developer input.
Cryptocurrency offers a wealth of advantages for people all over the world, but it also empowers anyone who wants to remain truly anonymous. RAILGUN was built by privacy enthusiasts who didn’t want anyone to be discouraged from decentralized finance because they were worried about security. It’s good news, then, that the audit scores confirm that the team has managed to solve the discrepancy.