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, beneath new management.
Since 2015, when ECC (then referred to as the Zcash Firm) was shaped, Zooko has been our chief — and one of the vital necessary and revered figures within the crypto and blockchain universe. Below his management, ECC launched Zcash in 2016 and since then has contributed groundbreaking know-how that underpins Zcash — and a majority of revered crypto tasks that exist at the moment.
A couple of highlights:Â
In Zcash, ECC delivered the primary real-world utility of zero-knowledge proofs, a novel technique by which one celebration (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 necessary contributions to blockchain tech since 2008.Â
The Sapling improve for Zcash made mobile-wallet shielded transactions attainable for the primary time, paving the best way for broader adoption of personal cash.
Halo, a cryptographic breakthrough, is a zero-knowledge proving system that allows recursion and not using a trusted setup in an environment friendly manner. Halo on Zcash made trustless, personal digital money funds on cell phones attainable for the primary time.Â
Now, it’s time to start out 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 can be chargeable 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 without work. 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 know-how, but additionally nice merchandise that deliver pleasure to the individuals who use them. So at the moment we’re excited to redouble our concentrate on the Zcash person, and we really feel assured in Josh’s management — find product-market match, unlocking new partnerships and collaboration, bettering Zcash usability, and growing adoption.Â
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 throughout the Zcash neighborhood, and he’ll share extra on that with you shortly.
We’ve got 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
