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News and notes about Electric Coin Company and its work on Zcash

This Electric Coin Co. transparency report details company income, expenses, and use of funds during Q3 2022.

This ECC transparency report details company income, expenses, and use of funds during Q2 2022.

In the future, thanks to a revolutionary set of technologies — built on the principles of fair access and decentralization — humanity will experience greater freedom and security than at any point in history. Each individual will enjoy self-sovereignty, and collaboration and creativity will be at an all-time high.

As we conduct our research into Proof-of-Stake to develop a proposal for Zcash, an outstanding key area of research is how the issuance schedule for new ZEC interacts with PoS security. In this post, we take a step back from PoS itself, and analyze how issuance and fees support long term network sustainability.

This Electric Coin Co. transparency report details company income, expenses, and use of funds during Q4 2021.

This ECC Transparency Report details company income, expenses and use of funds during Q3 2021.

ECC and its parent 501(c)3 Bootstrap received coins at a value above the operating-expense level for Q2 2021. During Q2 2021 Bootstrap received coins at an average of $1,438,000 a month and incurred average monthly expenses of approximately $655,000.

As part of our due diligence, we embarked on sentiment gathering, market research and economic modeling to better understand the possibilities of ZSAs and tradeoffs of different approaches.

Agoric could be game-changing, both in itself as well as for ZEC users. Now that the Agoric mainnet has launched, we are ready to take the next step of bringing Agoric and Zcash capabilities together.

Last week, in our tertile planning sessions, we set a multi-year “North Star” and codified our plans across departments for the next four months. Everything we do will be in support of this focus: To deliver a world-class user experience for ZEC. 

In ECC's coin-holder poll, participants strongly supported changing Zcash’s mining algorithm away from proof of work as their first priority as measured by weight, receiving 85% of the weighted vote.