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Zcash Invests in Agoric

 

Zcash (ZEC) has announced that they are investing in Agoric.

Agoric will provide an open, standards-based object-capability (OCAP) programming layer aligned to ECMAScript (Javascript) standards. This will allow JavaScript developers to build highly secure, decentralized robust applications. Agoric’s OCAP layer will solve the current problems surrounding smart contracts like security as well as educating qualified programmers on how to create proper contracts.



The Agoric team members include:

Mark S. Miller is a pioneer of agoric (market-based secure distributed) computing and smart contracts, the main designer of the E and Dr. SES distributed persistent object-capability programming languages, inventor of Miller Columns, an architect of the Xanadu hypertext publishing system, a representative to the EcmaScript committee, a former Google research scientist and member of the WebAssembly (Wasm) group, and a senior fellow of the Foresight Institute.

E. Dean Tribble designed the negotiation process and contract for the first smart contracting system, AMiX. As a Principal Architect at Microsoft, he designed the Midori distributed object-capability operating system. As founder and CTO for Agorics (acquired by Microsoft), he developed the brokerage information system for Schwab’s active traders, the WebMart system for electronic contracts, and the first electronic check project by the FSTC for the DoD. As CTO of VerifyValid and VP of Deluxe, his echeck systems have carried billions of dollars.

Brian Warner built Foolscap, a Python-based distributed object-capability system. He created Buildbot, a popular continuous-integration system, co-founded the Tahoe-LAFS capability-based secure distributed storage system, and co-authored the prescient security review of Ethereum. At Mozilla, Brian developed a framework for reviewing modular browser add-ons, co-developed Firefox Sync, and led the security design of the Firefox Accounts login system.

Bill Tulloh was a market manager at smart contract pioneer AMiX, was co-founder of the Agorics Project on markets and computation, and was a lead researcher of the Virus Safe Computing project both at George Mason University. He has served as a product manager and director of business development at various software companies.



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Zooko Wilcox, CEO of Zcash Company spoke on the Agoric Team,

“This founding team are pioneers of some of the fundamental science of secure programming and distributed systems. And, some of them are my personal friends and mentors who have been among the biggest influences on my scientific career.”

Zcash has also stated that people will increasingly demand access to secure, dApps, money will be programmable, and that contracts will soon cross legal jurisdictions. Agoric will be tackling these demands against a number of different blockchains.

This is the second investment Zcash has made, with the first being the investment in StarkWare Industries.




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