Zcash Operating Company ECC Report: Despite the loss in the first quarter, it still avoided layoffs

ECC, a for-profit company that supports the development of Zcash, released its third-quarter transparency report, which showed that the company had an average monthly loss of 30% in the first quarter, ECC monthly income of $448,000, and an average expenditure of $635,000. In a July letter, ECC CEO and Zcash co-founder Zooko Wilcox said that despite losses, the company avoided layoffs during the bear market. According to LinkedIn data, ECC currently has 19 employees.