This startup develops blockchain-based technologies that enable anonymous electronic cash transactions and private payments, ensuring equitable access to economic systems for users regardless of their location or demographic. By facilitating secure and decentralized financial interactions, the company empowers both investors and consumers to engage in safer economic activities.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing cryptocurrencies often lack robust privacy features, making user transaction data and balances visible on public blockchains. This transparency poses risks to user security, financial confidentiality, and equitable access to economic systems.
Solution
Electric Coin Company (ECC) develops and supports Zcash, a privacy-focused digital currency that utilizes zero-knowledge proofs to enable secure and anonymous transactions. Zcash employs zk-SNARKs cryptography, allowing users to conduct shielded transactions that conceal sender, receiver, and transaction amount. ECC provides the Zashi mobile wallet, a self-custody wallet designed exclusively for shielded ZEC payments, offering a user-friendly interface for private digital cash transactions. The Zashi wallet integrates with the Flexa network, enabling users to spend ZEC at thousands of retail locations while maintaining privacy.
Target Audience
The primary target audience includes individuals and organizations seeking enhanced financial privacy and security in their digital transactions, as well as users of Zcash (ZEC) cryptocurrency.
Features
- Shielded transactions using zk-SNARKs to conceal sender, receiver, and transaction amount
- Zashi mobile wallet for secure, self-custody management of ZEC
- Integration with Flexa for spending ZEC at participating retail locations
- Coinbase integration for direct ZEC purchase within the Zashi wallet (US debit card required)
- Keystone hardware wallet integration for cold storage of shielded ZEC
- Unified Addresses (UAs) for improved privacy and usability
- Optional inclusion of encrypted messages with each transaction
- Open-source Zcash protocol, allowing for community contributions and audits