Friday, February 23, 2024
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ECC restructuring to higher serve Zcash


As we speak, to be able to higher serve the Zcash mission, we’re asserting a restructuring of ECC, together with layoffs of valued workforce 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 attempting to do an excessive amount of with too few assets, particularly within the final yr and a half because the bear market started to affect our funds. It has change into clear this was limiting our potential to execute on the issues we’re greatest at.

Zcash has grown and adjusted, and in the present day there are numerous 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 World Ambassadors program, and plenty 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 folks for his or her contributions to the Zcash motion, and by committing ECC to doing fewer issues and doing them properly, we hope to additional empower them, making Zcash as a broad motion much more resilient and sustainable.

Restructuring ECC was a difficult choice. It required that we lay off 13 staff — about half of our workforce. Lots of the folks we let go in the present day had been instrumental in bringing to market groundbreaking applied sciences and concepts that no different workforce on the planet has been capable of ship. We’re unhappy to half methods with them and can all the time be thankful for the chance we needed to work with these unimaginable 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 straightforward 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 are going to assist transition possession to the broader neighborhood of some capabilities ECC has undertaken prior to now.

  • Help for zcashd outdoors of ECC’s Roadmap
  • Protocol assessment for Zcash core protocols outdoors of ECC’s roadmap
  • Alliances and alternate help
  • World 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 in the mean time, 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 workforce and priorities will take a while to completely settle, and there are another initiatives and initiatives which might be 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 participating on vital initiatives such because the Filecoin Basis grants and different actions that may profit the Zcash person.

That is laborious. I requested the entire ECC workforce to hitch 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 have the ability to proceed on this explicit path collectively, I’m assured that within the scope of historical past, every one in every of us will look again proudly on what we did collectively for human freedom. I’m grateful for all of the workforce members to whom we stated goodbye as staff in the present day, and for those that may proceed at ECC. We stay totally dedicated to our mission and imagine ECC is now in a a lot stronger place to serve the Zcash mission, each in the present day and into the long run.

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



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