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

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 often called the Zcash Firm) was fashioned, Zooko has been our chief — and one of the crucial vital and revered figures within the crypto and blockchain universe. Beneath 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 data past the validity of the assertion itself. This is among the most vital 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 allows 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 begin 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 might be liable for all strategic and tactical selections. Zooko will stay in his function as a director on the board of the Bootstrap Undertaking, the dad or mum firm of ECC. And first, he’ll take some much-deserved day without work. Collectively, we are going to 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 expertise, but additionally nice merchandise that deliver 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 — 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 neighborhood, and he’ll share extra on that with you shortly.

We’ve difficult however thrilling days forward. We’re right here for it. Thanks for standing with us.

Heat regards,

The Bootstrap (ECC dad or mum) Board of Administrators: Alan Fairless, Christina Garman, Michelle Lai, Zooko Wilcox, and Zaki Manian

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