【Blockchain Rhythm】Zcash ecosystem has new developments. On January 9th, the CEO of the Zcash core development team Electric Coin Company (ECC), Josh Swihart, announced a major news: they have decided to establish a brand-new startup dedicated to scaling the development of Zcash.
From Josh’s statement, the logic behind it is quite clear—the goal of reaching billions of users is better suited for startups. While non-profit organizations have advantages in development and community governance, rapid ecosystem expansion and commercialization still rely on the flexible mechanisms of startups.
The first step of this move has already been unveiled: they launched a brand-new Zcash wallet product. This wallet is jointly developed by ECC and the Zashi team, and they are currently inviting users to sign up via email for early access. Judging by the speed of product deployment, this wave of upgrades in the Zcash ecosystem is indeed accelerating.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
MidnightMEVeater
· 01-09 02:58
Good morning. At 3 a.m., look at this routine—if a non-profit can't handle it, they just pass it to a startup? Over there, privacy coins are still sluggish, while here, they've already started patching holes elsewhere. Wallet product early access—it's called ecosystem expansion in a nice way, but in a less flattering way, it's just another appetizer for another round of harvesting. The dream of hundreds of millions of users, I see it as an illusion of midnight arbitrage.
View OriginalReply0
FastLeaver
· 01-09 02:56
Oh no, another bunch of funding news... Zcash is just messing around here, privacy coins are really having a tough time.
View OriginalReply0
SandwichDetector
· 01-09 02:34
Honestly, using the startup model to promote ZEC scalability? This approach is quite clear-headed; the non-profit approach indeed holds back commercialization. But launching a new wallet so quickly, can it really attract users?
View OriginalReply0
Layer2Arbitrageur
· 01-09 02:32
ngl, spinning up a startup just to hit scale targets feels like they're finally admitting the nonprofit structure was leaving basis points on the table. so how many bps of addressable market are we actually talking here? the wallet drop is cute but where's the delta neutral strategy for user acquisition lmao
Zcash launches new strategy: establishing a startup to promote scaling, with new wallet products already in internal testing.
【Blockchain Rhythm】Zcash ecosystem has new developments. On January 9th, the CEO of the Zcash core development team Electric Coin Company (ECC), Josh Swihart, announced a major news: they have decided to establish a brand-new startup dedicated to scaling the development of Zcash.
From Josh’s statement, the logic behind it is quite clear—the goal of reaching billions of users is better suited for startups. While non-profit organizations have advantages in development and community governance, rapid ecosystem expansion and commercialization still rely on the flexible mechanisms of startups.
The first step of this move has already been unveiled: they launched a brand-new Zcash wallet product. This wallet is jointly developed by ECC and the Zashi team, and they are currently inviting users to sign up via email for early access. Judging by the speed of product deployment, this wave of upgrades in the Zcash ecosystem is indeed accelerating.