Zcash Development Team ECC Cuts Nearly 50% Of Staff In Restructuring

Key Points:

• Zcash development team ECC announced a reorganization of the company.
• ECC said it was laying off 13 employees, about half of its team, in the reorganization.
• It will narrow the team’s focus and transfer some Zcash support functions to the wider community to improve the resilience and sustainability of the project development.

Electric Coin Co. (ECC), the Zcash development team, today announced a corporate restructuring that would concentrate the team’s focus and move certain Zcash support responsibilities to the broader community in order to strengthen the robustness and sustainability of Zcash development.

Under the restructuring, ECC stated it would lay off 13 people, or almost half of its staff.

Zooko Wilcox, CEO of the Electric Coin Corporation, stated:

“This is hard. I asked all of the ECC team to join me in my work to serve human freedom. It became our collective mission, and something we’ve all fought for day-in and day-out. While we won’t all be able to continue on this particular path together, I am confident that in the scope of history, each one of us will look back proudly on what we did together for human freedom.”

The ECC will unveil a new roadmap focusing on empowering ZEC holders and providing them a voice in the coming weeks. It included: developing a wonderful user experience for PoS ZEC; producing a wallet by Zcasher that anybody can use simply; publishing a mobile wallet SDK that other Zcash builders can use; and working on US policy to guarantee that ZEC, self-custody, and staking are still accessible in the US.

The ECC said that its current top priority is to solve performance concerns with third-party wallets in the near future, with the ECC committing to delivering zcash 5.6.0, a revised version of lightwalletd, and new iOS and Android mobile SDKs.

This rearrangement of personnel and objectives will take some time to properly settle, as with any shift, and there are several other projects and efforts approaching completion, such as the relaunch of z.cash and a plan to create community ownership of this and other Zcash digital assets. The project is still working on significant projects, such as Filecoin Foundation awards and other activities that will benefit Zcash users.

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Harold

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