We Are All Zashi

The Bootstrap Board is pleased to confirm that a resolution has been reached regarding the governance of the Bootstrap Org and the future of the Zashi assets previously developed by the Electric Coin Company (ECC).

The intersection between DeFi revenues, open source software and non profit regulations posed a number of challenges that have all been successfully resolved.

As part of this agreement:

• The governance dispute has been resolved, and the Board of Directors continues to be composed of Zaki Manian, Alan Fairless, ml_sudo, and Christina Garman.
• To best serve the Zcash mission and navigate the regulatory constraints unique to 501(c)(3) non-profits, Bootstrap has authorized the transfer of the Zashi wallet technology and related intellectual property.
• With the technology assets transferred, the Electric Coin Company (ECC) entity will begin an orderly wind-down of operations. The ECC domain name and related IP has been transferred to the buyer.
• Bootstrap renounces any authority as a Keyholder organization under ZIP 271 over the Zcash Lockbox multisig. The new company (or others) will submit a new ZIP to transfer legal authority over the relevant lockbox key(s) in accordance with the ZIP process.
• Z.cash, learnzcash.com and x.com/zcash will be transferred to the Zcash Foundation, who will assist in decentralizing ownership of those assets, which has been a longtime goal of the community.
• This transition ensures that the original development team can continue to advance Zcash in their new company.

On behalf of the Bootstrap Board,

Alan Fairless, Christina Garman, ml_sudo, and Zaki Manian