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, below new management.
Since 2015, when ECC (then referred to 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. Beneath 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 right now.
A couple of highlights:
In Zcash, ECC delivered the primary real-world software of zero-knowledge proofs, a novel technique by which one social gathering (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 likely one of the most necessary contributions to blockchain tech since 2008.
The Sapling improve for Zcash made mobile-wallet shielded transactions potential 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 no trusted setup in an environment friendly means. Halo on Zcash made trustless, non-public 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 will probably be liable for all strategic and tactical selections. Zooko will stay in his function as a director on the board of the Bootstrap Venture, the mother or father firm of ECC. And first, he’ll take some much-deserved break day. Collectively, we’ll absolutely 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 in addition nice merchandise that carry pleasure to the individuals who use them. So right now we’re excited to redouble our deal with the Zcash consumer, and we really feel assured in Josh’s management — find product-market match, unlocking new partnerships and collaboration, bettering 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 group, 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 mother or father) Board of Administrators: Alan Fairless, Christina Garman, Michelle Lai, Zooko Wilcox, and Zaki Manian
