We’re writing to share some vital 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, underneath new management.
Since 2015, when ECC (then referred to as the Zcash Firm) was fashioned, Zooko has been our chief — and some of the essential and revered figures within the crypto and blockchain universe. Below his management, ECC launched Zcash in 2016 and since then has contributed groundbreaking expertise that underpins Zcash — and a majority of revered crypto initiatives that exist right this moment.
A couple of highlights:
- In Zcash, ECC delivered the primary real-world utility of zero-knowledge proofs, a novel methodology by which one get together (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 without doubt one of the most essential 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 allows recursion with out a trusted setup in an environment friendly means. Halo on Zcash made trustless, personal digital money funds on cell phones attainable for the primary time.
Now, it’s time to start out a brand new chapter. Josh Swihart, previously SVP of Development at ECC, will return to ECC and take over the reins from Zooko as CEO. He can be liable for all strategic and tactical choices. Zooko will stay in his function as a director on the board of the Bootstrap Challenge, the guardian firm of ECC. And first, he’ll take some much-deserved day off. Collectively, we are going to totally help and allow Josh to steer ECC into a brand new chapter of service to humanity.
Fulfilling our mission of financial freedom requires not simply groundbreaking expertise, but in addition nice merchandise that convey pleasure to the individuals who use them. So right this moment we’re excited to redouble our give attention to the Zcash consumer, and we really feel assured in Josh’s management — 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 powerful 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.
Now we 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
