Right this moment, so as to higher serve the Zcash mission, we’re asserting 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 group.

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 turn into clear this was limiting our capacity to execute on the issues we’re finest at.

Zcash has grown and altered, 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 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 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 choice. It required that we lay off 13 workers — about half of our staff. Lots of the individuals we let go at present have been instrumental in bringing to market groundbreaking applied sciences and concepts that no different staff on this planet has been in a position to ship. We’re unhappy to half methods with them and can at all times be glad about 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 superb 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’ll assist transition possession to the broader group of some features ECC has undertaken up to now.

• Help for zcashd exterior of ECC’s Roadmap
• Protocol overview for Zcash core protocols exterior of ECC’s roadmap
• Alliances and change assist
• 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 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 every transition, this restructuring of staff and priorities will take a while to completely 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 essential initiatives such because the Filecoin Basis grants and different actions that can profit the Zcash person.

That is laborious. 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 gained’t all be capable of proceed on this specific 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 staff members to whom we mentioned goodbye as workers at present, 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 at present 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 group. Please keep watch over @electriccoinco for particulars.