ECC transitions to user-focused product technique


ECC is transitioning from an engineering-led to a market-led product technique. This weblog supplies a abstract of what meaning and descriptions our present priorities.

ZEC is on the heart of our mission to empower financial freedom for everybody. It’s the product, and our focus is to enhance it. We aren’t the one ones doing this work, however our focus is to assist make it higher alongside the remainder of the neighborhood. 

We’re beginning with customers

We not too long ago started capturing person suggestions, evaluating impression, assessing staff ability, evaluating timelines, and designing and prioritizing options. At each juncture, we think about what’s going to ship essentially the most worth for essentially the most quantity of ZEC holders. On this case, worth is broadly outlined and will fluctuate based mostly on the kind of person (persona) and use case. We weigh all the pieces towards the place we imagine the market is heading and numerous issues, such because the regulatory surroundings, geographic attain and different components. 

Targeted R&D

Based mostly on person and market analysis, and except the Zcash neighborhood redirects us, our priorities are Zcash Shielded Property (ZSAs) and Proof of Stake (PoS). Final month, we wrote about our work with George Mason College relating to ZSAs, and simply final week, Zooko posted a rationale for the exploration of switching from proof of labor to proof of stake. We’ve begun analysis into totally different approaches and intend to publish concepts as early as subsequent week. 

Whereas totally different R&D priorities could require various kinds of analysis (financial modeling for ZSAs, for instance), all R&D priorities will embody Consumer Expertise (UX) and scalability analysis. For instance, how would possibly somebody use a ZSA? What’s the expertise of minting or redeeming an asset? On this case, it could require a possible asset issuer to assist design how this would possibly work in order that we will mannequin it throughout the ECC Reference Pockets. Likewise, we’ll spend time enthusiastic about the size wanted ought to it show to be amazingly profitable. We’ll be conducting comparable analysis for PoS.

Bundling options into product releases

For any Zcash protocol modifications, ECC works with the neighborhood to coordinate updates coming from our staff and others. These could also be minor releases or as vital as a community improve. The subsequent Zcash community improve is anticipated to activate mid- to late-November.

ECC could select to additionally launch a set of Zcash-related merchandise both unbiased of, or in live performance with, a community improve or different launch. These are ECC merchandise that present some perform outdoors of the Zcash protocol, such because the ECC Reference Pockets, Cell SDK, and so forth. Our subsequent product launch is a collection of instruments referred to as Halo Arc and can embody the zcashd consensus node software program we constructed and assist.

Constructing the group to assist it

This shift has resulted in organizational modifications which might be presently underway. 

I (Josh Swihart) am now main the product technique perform along with overseeing the Development and Regulatory Relations staff. My accountability now contains working with ECC and neighborhood stakeholders to evaluate the market and prioritize our work. 

Along with main all engineering capabilities, Steven Smith now has accountability for product administration. That accountability contains coordinating the execution and rollout of our merchandise. 

Now we have additionally shaped a Product Technique staff that features Zooko Wilcox, Nathan Wilcox, Steven Smith and me for strategic planning, ideation and coordination. That is additionally supported by our Scientific Advisory Group. 

We imagine this new strategy and construction will show extremely invaluable for the ZEC customers we search to serve, the neighborhood that we construct alongside, and the workers of ECC.

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