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At present, with a view to higher serve the Zcash mission, we’re saying a restructuring of ECC, together with layoffs of valued workforce members. Going ahead, ECC will focus our time and experience on particular components of the Zcash mission, and assist transition different components to different organizations within the Zcash group.
We at ECC have been attempting to do an excessive amount of with too few sources, particularly within the final 12 months and a half because the bear market started to impression our funds. It has turn into clear this was limiting our potential to execute on the issues we’re finest at.
Zcash has grown and adjusted, and at present there are various organizations exterior of ECC who’re additionally dedicated to the Zcash mission, lots 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 properly, 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 staff — about half of our workforce. Most of the individuals we let go at present had been instrumental in bringing to market groundbreaking applied sciences and concepts that no different workforce on the planet has been in a position to ship. We’re unhappy to half methods with them and can all the time be pleased about 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 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 group of some capabilities ECC has undertaken previously.
- Assist for zcashd exterior of ECC’s Roadmap
- Protocol overview for Zcash core protocols exterior of ECC’s roadmap
- Alliances and trade assist
- International regulatory relations
- Administration of digital properties, together with z.money and the Zcash-specific social accounts
- Product advertising and marketing
- Zcash associated PR and media engagement
Importantly, our immediate-term work on fixing third-party pockets efficiency points remains to be our highest precedence in the intervening time, and we’re dedicated to releasing zcashd 5.6.0, an up to date lightwalletd, and new cell SDKs for iOS and Android quickly.
As with all transition, this restructuring of workforce 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 group possession of this and different Zcash digital properties — that we’ll be delivering to the group 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 exhausting. I requested all the ECC workforce to hitch me in my work to serve human freedom. It turned 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 considered one 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 at present, 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 at present and into the longer term.
I’ll be becoming a member of an ECC-hosted Twitter Areas on Friday, Could twenty sixth, to reply questions from the group. Please regulate @electriccoinco for particulars.
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