We’re writing to share some vital 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, beneath new management.
Since 2015, when ECC (then generally known as the Zcash Firm) was shaped, Zooko has been our chief — and some of the vital 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 as we speak.
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 info past the validity of the assertion itself. This is without doubt one of the most vital contributions to blockchain tech since 2008.
The Sapling improve for Zcash made mobile-wallet shielded transactions doable 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 with out a trusted setup in an environment friendly means. Halo on Zcash made trustless, personal digital money funds on cellphones doable for the primary time.
Now, it’s time to begin 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 will probably 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 guardian firm of ECC. And first, he’ll take some much-deserved time without work. Collectively, we are going to 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 expertise, but in addition nice merchandise that convey pleasure to the individuals who use them. So as we speak we’re excited to redouble our concentrate on the Zcash consumer, and we really feel assured in Josh’s management — to find product-market match, unlocking new partnerships and collaboration, bettering Zcash usability, and growing 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 throughout 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
