ECC restructuring to higher serve Zcash

3 views 2:47 am 0 Comments May 25, 2023


Immediately, with the intention to higher serve the Zcash mission, we’re saying a restructuring of ECC, together with layoffs of valued staff members. Going ahead, ECC will focus our time and experience on particular elements of the Zcash mission, and assist transition different elements to different organizations within the Zcash neighborhood.

We at ECC have been making an attempt to do an excessive amount of with too few assets, particularly within the final 12 months and a half because the bear market started to influence our funds. It has turn out to be clear this was limiting our means to execute on the issues we’re greatest at.

Zcash has grown and altered, and right now there are a lot of organizations outdoors of ECC who’re additionally dedicated to the Zcash mission, a lot of them funded by the Zcash Dev Fund, together with the Zcash Neighborhood Grants committee, Zingo Labs, Nighthawk Apps, the Zcash Basis, Zcash Media, the Zcash International Ambassadors program, and lots of different people and organizations. There are additionally the promised contributions to Zcash by QEdit and Shielded Labs and by the Filecoin and Anoma initiatives. We’re grateful to those individuals for his or her contributions to the Zcash motion, and by committing ECC to doing fewer issues and doing them effectively, we hope to additional empower them, making Zcash as a broad motion much more resilient and sustainable.

Restructuring ECC was a difficult resolution. It required that we lay off 13 workers — about half of our staff. Lots of the individuals we let go right now have been instrumental in bringing to market groundbreaking applied sciences and concepts that no different staff on the planet has been capable of ship. We’re unhappy to half methods with them and can at all times be thankful for the chance we needed to work with these unbelievable people.

Within the coming weeks, ECC will launch a revised roadmap centered on empowering ZEC holders and giving them a voice. This consists of:

  • Creating a wonderful person expertise for proof-of-stake ZEC
  • A pockets, constructed by and for Zcashers, that’s simple to make use of and accessible for anybody
  • A mobile-wallet SDK that’s helpful to different Zcash builders
  • US-based coverage work to make sure ZEC, self-custody, and staking stay viable within the USA

We’ll assist transition possession to the broader neighborhood of some features ECC has undertaken prior to now.

  • Assist for zcashd outdoors of ECC’s Roadmap
  • Protocol overview for Zcash core protocols outdoors of ECC’s roadmap
  • Alliances and change assist
  • International regulatory relations
  • Administration of digital properties, together with z.money and the Zcash-specific social accounts
  • Product advertising
  • Zcash associated PR and media engagement

Importantly, our immediate-term work on fixing third-party pockets efficiency points continues to be our highest precedence for the time being, and we’re dedicated to releasing zcashd 5.6.0, an up to date lightwalletd, and new cellular SDKs for iOS and Android quickly.

As with all transition, this restructuring of staff and priorities will take a while to totally settle, and there are another initiatives and initiatives which are nearing completion — such because the relaunch of z.money and a proposal to foster neighborhood possession of this and different Zcash digital properties — that we’ll be delivering to the neighborhood within the close to time period. We’re nonetheless partaking on vital initiatives such because the Filecoin Basis grants and different actions that can profit the Zcash person.

That is arduous. I requested all the ECC staff to affix me in my work to serve human freedom. It grew to become our collective mission, and one thing we’ve all fought for day-in and day-out. Whereas we received’t all be capable of proceed on this explicit path collectively, I’m assured that within the scope of historical past, every considered one of us will look again proudly on what we did collectively for human freedom. I’m grateful for all of the staff members to whom we mentioned goodbye as workers right now, and for those that can proceed at ECC. We stay totally dedicated to our mission and consider ECC is now in a a lot stronger place to serve the Zcash mission, each right now and into the longer term.

I’ll be becoming a member of an ECC-hosted Twitter Areas on Friday, Might twenty sixth, to reply questions from the neighborhood. Please keep watch over @electriccoinco for particulars.



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