ECC, Agoric and a path to composable good contracts utilizing ZEC


Imagine the probabilities unlocked if shielded ZEC had been obtainable to be used inside composable Javascript-based good contracts. That future is inside attain. 

In 2018, Electric Coin Co. (ECC) invested in Agoric, an open-source growth firm that in the present day introduced the launch of its interoperable proof-of-stake chain and financial system. Their JavaScript-native smart-contract platform presents builders a protected, reusable library of DeFi parts to quickly construct and deploy on chain. As a results of that settlement, ECC’s mum or dad group, Bootstrap, will quickly take possession of BLD tokens, the staking token utilized by the Agoric financial system.

The Agoric staff is outstanding, and its founders have been engaged on safe programming and decentralized programs since lengthy earlier than the delivery of Bitcoin and blockchains. Their many years of labor are the muse of Agoric. And now, they’re placing smart-contract programming throughout the attain of tens of millions of Javascript builders around the globe.

From the start, it was our perception that Agoric may very well be game-changing, each in itself in addition to for ZEC customers. Now that the Agoric mainnet has launched, we’re able to take the following step of bringing Agoric and Zcash capabilities collectively. 

The attainable use instances are as quite a few as with every Defi system. One instance could be the flexibility to buy an NFT utilizing shielded ZEC, permitting the purchaser privateness by shielding onlookers from prior transactions and ZEC holdings. Another instance use case could be the flexibility to mortgage ZEC for yield the place the originator of the mortgage stays personal. 

We are extremely excited for the Agoric launch and sit up for working with them to deliver shielded ZEC to Agoric good contract builders and customers.

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