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


Think about the probabilities unlocked if shielded ZEC had been out there to be used inside composable Javascript-based good contracts. That future is inside attain. 

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

The Agoric group is phenomenal, and its founders have been engaged on safe programming and decentralized techniques since lengthy earlier than the start of Bitcoin and blockchains. Their a long time of labor are the muse of Agoric. And now, they’re placing smart-contract programming inside the attain of hundreds of thousands of Javascript builders around the globe.

From the start, it was our perception that Agoric might 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 subsequent step of bringing Agoric and Zcash capabilities collectively. 

The doable use circumstances 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. One other instance use case could be the flexibility to mortgage ZEC for yield the place the originator of the mortgage stays personal. 

We’re extremely excited for the Agoric launch and look ahead to working with them to carry shielded ZEC to Agoric good contract builders and customers.

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