We’re writing to share some important information concerning the Electrical Coin Firm (ECC) and our path forward. We’re opening a brand new chapter in our story, with a brand new strategic roadmap, below new management.
Since 2015, when ECC (then often known as the Zcash Firm) was shaped, Zooko has been our chief — and some of the necessary and revered figures within the crypto and blockchain universe. Underneath his management, ECC launched Zcash in 2016 and since then has contributed groundbreaking know-how that underpins Zcash — and a majority of revered crypto initiatives that exist right now.
Just a few highlights:
- In Zcash, ECC delivered the primary real-world utility of zero-knowledge proofs, a novel methodology by which one social gathering (the prover) can show to a different (the verifier) {that a} assertion is true, with out revealing any info past the validity of the assertion itself. This is among the most necessary contributions to blockchain tech since 2008.
- The Sapling improve for Zcash made mobile-wallet shielded transactions attainable for the primary time, paving the way in which for broader adoption of personal cash.
- Halo, a cryptographic breakthrough, is a zero-knowledge proving system that permits recursion and not using a trusted setup in an environment friendly approach. Halo on Zcash made trustless, personal digital money funds on cellphones attainable for the primary time.
Now, it’s time to begin a brand new chapter. Josh Swihart, previously SVP of Progress at ECC, will return to ECC and take over the reins from Zooko as CEO. He shall be answerable for all strategic and tactical selections. Zooko will stay in his position as a director on the board of the Bootstrap Venture, the guardian firm of ECC. And first, he’ll take some much-deserved day off. Collectively, we’ll totally assist and allow Josh to guide ECC into a brand new chapter of service to humanity.
Fulfilling our mission of financial freedom requires not simply groundbreaking know-how, but additionally nice merchandise that deliver pleasure to the individuals who use them. So right now we’re excited to redouble our give attention to the Zcash consumer, and we really feel assured in Josh’s management — to find product-market match, unlocking new partnerships and collaboration, enhancing Zcash usability, and rising adoption.
Along with a imaginative and prescient for ECC and an optimistic ardour for Zcash, Josh has a robust entrepreneurial, technical, and product background. He’s dedicated to fostering broad inclusivity inside the Zcash neighborhood, and he’ll share extra on that with you shortly.
We now have difficult however thrilling days forward. We’re right here for it. Thanks for standing with us.
Heat regards,
The Bootstrap (ECC guardian) Board of Administrators: Alan Fairless, Christina Garman, Michelle Lai, Zooko Wilcox, and Zaki Manian