Electric Coin Company: Proof of Stake
summary
Electric Coin Company is actively researching a move from Zcash proof-of-work to proof-of-stake and presents concrete preferences: prioritize finality over dynamic availability while solving a permissionless restart, keep issuance bounded (posterity fund to preserve ~21M cap), require public staking amounts but return withdrawals into the shielded pool for privacy, and build protocol-level delegation and slashing with optional liquid-staking derivatives. Major open work: concrete transition mechanics, quantitative issuance–security analysis, and market/user research to measure real user impact.
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chapters (18)
- 0:00Start
- 1:08Motivations
- 9:41Ux Goals
- 10:13Low Financial Barrier to Entry
- 11:27Finality
- 11:45Infrastructure Permissionlessness
- 27:00Ebb and Flow Protocols
- 33:13The Posterity Fund
- 34:15Macro Economic Concerns around Issuance
- 35:02Luna Attack
- 38:05The Zcash Posterity Fund
- 39:14Privacy
- 40:30Delegation
- 47:14Penalizing Block Producers Directly for Bad Behavior
- 55:56Interoperability
- 57:22What Is Your Greatest Fear about the Prospect of Z Cast Transitioning from Proof of Work to Proof of Stake
- 1:00:16What Happens to the Zcash Ecosystem When It Loses Miners Has a Cost-Benefit Analysis Been Done To Guarantee Net Benefits
- 1:00:40Market Research and User Research
