Monday, June 17, 2024

Welcoming a brand new season at ECC: A message from the Bootstrap Board of Administrators

We’re writing to share some important information relating to 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 called the Zcash Firm) was shaped, Zooko has been our chief — and some of the essential and revered figures within the crypto and blockchain universe. Underneath 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 at present.

A number of highlights: 

  • In Zcash, ECC delivered the primary real-world utility of zero-knowledge proofs, a novel technique by which one occasion (the prover) can show to a different (the verifier) {that a} assertion is true, with out revealing any data past the validity of the assertion itself. This is among the most essential contributions to blockchain tech since 2008. 
  • The Sapling improve for Zcash made mobile-wallet shielded transactions potential 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 method. Halo on Zcash made trustless, personal digital money funds on cell phones potential 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 might be answerable for all strategic and tactical choices. Zooko will stay in his function as a director on the board of the Bootstrap Undertaking, the mum or dad firm of ECC. And first, he’ll take some much-deserved day off. Collectively, we are going to absolutely 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 additionally nice merchandise that carry pleasure to the individuals who use them. So at present we’re excited to redouble our concentrate on 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 robust entrepreneurial, technical, and product background. He’s dedicated to fostering broad inclusivity inside the Zcash group, 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 mum or dad) Board of Administrators: Alan Fairless, Christina Garman, Michelle Lai, Zooko Wilcox, and Zaki Manian

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