ECC restructuring to better serve Zcash
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.
Popular Analyst Says Litecoin on the Edge of Breaking Out, Updates Outlook on Ethereum – Here Are His Targets
A extensively adopted crypto strategist believes that each Litecoin (LTC) and Ethereum (ETH) are on the verge of igniting breakout rallies.
In a brand new technique session, Michaël van de Poppe says that Litecoin’s halving narrative may push the peer-to-peer funds community to a degree final seen in December 2021.
Based on the crypto strategist, LTC is one resistance space away from a speedy worth enlargement.
“Litecoin is doing completely nice, too. It’s on the sting of getting a breakout…
I believe the halving goes to happen in (August), which signifies that we nonetheless have six to eight weeks earlier than it takes place. I believe having a really robust rally is certainly seemingly if it breaks by means of $100.
If it breaks by means of $100… so then I’m assuming we’re going to peak out across the space of $160 to $180.”
At time of writing, Litecoin is buying and selling for $93.39, a slight lower within the final 24 hours.
Van de Poppe additionally says that the main sensible contract platform Ethereum can be in the identical boat. Based on the crypto strategist, ETH has an opportunity to take out its fast resistance so long as it’s buying and selling above $1,800.
“As soon as we begin to take these out ($1,903), I believe we are able to begin accelerating in direction of $2,800. So so long as Ether stays above $1,800, I believe this may really go fairly quick.”
At time of writing, Ethereum is price $1,881, a fractional lower on the day.
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About Half of Crypto Hacks and Exploits in May Targeted BNB Chain, According to DappRadar
New information reveals that fifty% of all crypto hacks and exploits through the month of Might focused BNB Chain (BNB), the blockchain of Binance, the world’s largest crypto alternate platform.
In keeping with a brand new report by market intelligence platform DappRadar, Might noticed two dozen incidents amounting to $54 million in losses, a pointy lower from the 2 earlier months, which noticed over $100 million and $200 million in losses, respectively.
“In keeping with information from the REKT Database, Might 2023 recorded 24 incidents, leading to a mixed lack of $54 million. Whereas this determine might seem comparatively decrease than the previous months, the place losses exceeded the $100 million mark, it nonetheless emphasizes the necessity for heightened safety measures within the business.”
DappRadar discovered that precisely half of the 24 incidents singled out the BNB Chain whereas lower than 1 / 4 of them focused Ethereum (ETH), the main good contract platform.
“Nearly all of these incidents, exactly 50%, focused the BNB chain, whereas 22.7% affected the Ethereum community. This distribution underscores the significance of addressing safety gaps throughout completely different blockchain ecosystems.”
In keeping with DappRadar, the hacks reiterate the necessity for stronger cybersecurity measures for blockchains and extra vigilance on the a part of buyers because the decentralized utility (DApp) sector is weak to exploits.
“The DApp business is very inclined to hacks and exploits. It’s essential for buyers and merchants to remain up to date on the most recent safety measures and protocols. Implementing correct safety measures, comparable to two-factor authentication and particularly chilly storage, might help defend buyers’ belongings from such assaults.”
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Market Outlook #223 – An Altcoin Trader’s Blog
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