At the moment, in an effort to higher serve the Zcash mission, we’re asserting a restructuring of ECC, together with layoffs of valued group 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 influence our funds. It has change into clear this was limiting our capacity to execute on the issues we’re greatest at.
Zcash has grown and adjusted, and at the moment there are numerous organizations exterior of ECC who’re additionally dedicated to the Zcash mission, a lot of them funded by the Zcash Dev Fund, together with the Zcash Group 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 determination. It required that we lay off 13 staff — about half of our group. Most of the individuals we let go at the moment had been instrumental in bringing to market groundbreaking applied sciences and concepts that no different group on this planet has been in a position to ship. We’re unhappy to half methods with them and can all the time be glad 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 contains:
- 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 are going to assist transition possession to the broader neighborhood of some features ECC has undertaken up to now.
- Assist for zcashd exterior of ECC’s Roadmap
- Protocol evaluation for Zcash core protocols exterior of ECC’s roadmap
- Alliances and alternate help
- 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 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 cellular SDKs for iOS and Android quickly.
As with every transition, this restructuring of group and priorities will take a while to completely settle, and there are another initiatives and initiatives which can 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 partaking on necessary initiatives such because the Filecoin Basis grants and different actions that can profit the Zcash person.
That is exhausting. I requested all the ECC group 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 one among us will look again proudly on what we did collectively for human freedom. I’m grateful for all of the group members to whom we mentioned goodbye as staff at the moment, and for those that can 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 the moment 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 keep watch over @electriccoinco for particulars.