In the present day, 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 components of the Zcash mission, and assist transition different components to different organizations within the Zcash neighborhood.

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 affect our funds. It has grow to be clear this was limiting our potential to execute on the issues we’re greatest at.

Zcash has grown and altered, and in the present day there are lots of 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 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 folks for his or her contributions to the Zcash motion, and by committing ECC to doing fewer issues and doing them nicely, 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 folks we let go in the present day 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 thankful for 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 neighborhood of some capabilities ECC has undertaken up to now.

• Help for zcashd exterior of ECC’s Roadmap
• Protocol assessment for Zcash core protocols exterior of ECC’s roadmap
• Alliances and alternate 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 meanwhile, 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 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 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 the entire 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 have the ability to proceed on this specific path collectively, I’m assured that within the scope of historical past, every certainly one of 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 in the present day, and for those that can proceed at ECC. We stay absolutely dedicated to our mission and consider ECC is now in a a lot stronger place to serve the Zcash mission, each in the present day 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 control @electriccoinco for particulars.