Why release a transparency report? ECC is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to […] Source ..read more

Available now for iOS; Android launch slated for late April Source ..read more

zcashd 5.8.0 is a maintenance release that updates dependencies and sets a new end-of-service height to ensure continuity of services. (End-of-service information is available here.) There’s no new functionality in 5.8.0. All node operators, which include our mining and other ecosystem partners, should upgrade to this latest version as soon as possible. The post New Release 5.8.0 appeared first on Electric Coin Company ..read more

Why release a transparency report?  Electric Coin Co. (ECC)* is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to empower people with economic freedom. This transparency report details company income, expenses, and use of funds during Q2 2023.  Key takeaways Bootstrap received coins at a value below the ECC operating expense level for Q2 2023. During this time, Bootstrap received coins at an average of $252K a month (at the Q2 average ZEC price, $33, for each of the three months’ distribution dates), a ..read more

It’s my great honor to be asked to lead ECC as CEO. I want to thank Zooko for everything he’s taught me in the six years that I’ve known him. I have deep respect and admiration for Zooko and his contributions to this industry and to mankind. He is a truly remarkable human. There will only ever be one Zooko.  Zcash is a special project. Its purpose to empower economic freedom is wholesome and good. Its legacy is indelible. The innovation within and the talent behind it are undeniable. That it flourishes is vital. All the earth must have access to private, self-sovereign money if we are to ..read more

We are writing to share some significant news regarding the Electric Coin Company (ECC) and our path ahead. We are opening a new chapter in our story, with a new strategic roadmap, under new leadership. Since 2015, when ECC (then known as the Zcash Company) was formed, Zooko has been our leader — and one of the most important and revered figures in the crypto and blockchain universe. Under his leadership, ECC launched Zcash in 2016 and since then has contributed groundbreaking technology that underpins Zcash — and a majority of respected crypto projects that exist today. A few highlights:  ..read more

TL;DR As Electric Coin Co. (ECC) and the Zcash community prepare for public retrospectives of zcashd Network Upgrade 5 (NU5) and what has become known as the sandblasting attack, this blog post details ECC’s motivations, challenges, and accomplishments with regard to each.  The NU5 upgrade was an ambitious undertaking to eliminate the need for trusted setups, increase user confidence, and enhance Zcash’s security and scalability. The implementation of Halo, a cryptographic breakthrough, on Zcash made possible trustless, private, digital-cash transactions for the first time on mobile phon ..read more

Bootstrap Org, the nonprofit parent organization of Electric Coin Co., has added long-time Zcash community contributor Michelle Lai to its Board of Directors. Michelle joins members Alan Fairless, Christina Garman, Zaki Manian, and Zooko Wilcox. “Michelle has worked hard to support Zcash and the cause of financial freedom for years,” Fairless said. “We love her insight and imagination on tech product use cases.” A graduate of the Wharton School at the University of Pennsylvania (2007), Michelle has spent half her career in crypto and half in financial services, including stints at Anchorage Di ..read more

Now and through the end of January 2024, Electric Coin Co. (ECC) objectives center on delivering an improved ZEC user experience, primarily through the Zashi wallet. Across teams — Product; Engineering; PeopleOps; and Communications and Advocacy — ECC employees are focused on work that either directly contributes to the wallet or in some way makes ZEC and Zashi adoption more viable. Background: ECC uses an OKR process for prioritizing and delivering measurable work on four-month cycles. In October, teams met and finalized planning for T3 2023-24 (October-January). Priorities were developed to ..read more

A journey that began in the late summer of 2022, has finally come to a joyful end. Third-party Zcash wallets are working again, and Electric Coin Co. (ECC) is exiting Emergency Mode. During this time, ECC released multiple updates to zcashd and lightwalletd, plus new mobile SDKs that, together, introduced new innovations (and learning) in the world of cryptography and decentralized money. These releases provide massive upgrades to privacy, scalability, and user experience in Zcash, and they have implications for all privacy-focused crypto projects. Before going further, we need to give the hug ..read more