News reaching Ethereum World News indicate that the ZCash Company has rebranded to the Electric Coin Company for the sake of clarity. This name change is meant to differentiate them from the ZCash Foundation. The latter is non-profit organization that focuses on financial privacy. The ZCash foundation serves the user of the ZCash protocol and blockhain as well as supporting other applications of zero-knowledge cryptography.
The Electric Coin Company
The full legal name of the ZCash company had been Zerocoin Electric Coin Company, LLC. For quite sometime the full name had been truncated to the simpler ‘ZCash Company’. The team therefore saw it fit to embrace the new name of Electric Coin Company to provide clarity about which entity they represent. However, the rebranding does not change their vision and mission. It is still the same. The explained this in their announcement as follows.
So here we are: Electric Coin Company. It’ll take us a little while to get the new branding right, launch a new domain and change out the sign at the office, but the name change is public, so we wanted to make sure we were on record confirming it.
Only the name has changed. We are the same team, with the same mission: to empower everyone with economic freedom and opportunity. We developed and help steward Zcash.
What Does the Electric Coin Company Do?
The Electric Coin Company is a group of about 30 people from around the world who work on the following with regards to the development and support of ZCash.
- Build ZCash software
- Continually carry out cryptographic research
- Perform regular security audits in collaboration with third parties
- Work on the ZCash user experience such as the reference wallet
- Engage the community online
- Build necessary documentation for ZCash
- Support exchanges and wallet providers with tools for the adoption of ZEC
- Drive awareness and adoption of the privacy coin and its technology
Changes to Expect
With the mission and activities of the Electric Coin Company still the same, what changes is the following
- Company brand
- New domain with all information moved from https://z.cash/
- Company email addresses will also change with the new domain
- Social media accounts will reflect the new changes. They include those on Twitter, Linkedin and Facebook
What are your thoughts on the rebranding by the ZCash company to the Electric Coin Company? Does the name change help avoid confusion with the ZCash foundation? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.