Sovright

5 months agoNews Editor

Sovright Launches Argos Wallet Recovery Tool: Resolving Stuck Funds for Early Zcash Users, Amid Community Split and Privacy Mining Pool Testing

Sovright, the non-profit successor to the Electric Coin Company's Zcash R&D efforts, has officially released a wallet recovery tool named "Argos" to help early Zcash users recover funds that became inaccessible after the shutdown of the legacy ZEC Wallet Lite in 2022. Executive Board Chair Michelle Lai stated that the affected amount is "significant" but precise statistics are impossible due to shielded addresses. The tool requires users to retain old wallet mnemonics. Meanwhile, Sovright operates with only three core members and is testing a privacy-focused Zcash mining pool to reduce hash rate centralization. The organization's predecessor underwent major governance changes, with former Electric Coin Company employees leaving to form Zcash Open Development Lab (ZODL), backed by Paradigm and a16z. Sovright emphasizes no rivalry with ZODL and will continue addressing long-standing technical issues in the Zcash ecosystem.

2530

Sovright

5 months agoNews Editor

Sovright Launches Argos Wallet Recovery Tool to Unlock Stuck Funds from Deprecated Zcash Wallet

Zcash生态非营利组织Sovright推出Argos工具，帮助早期用户恢复因2022年ZEC Wallet Lite停更而卡住的资产。执行董事会主席Michelle Lai称受影响金额可观，但难以精确统计。Sovright团队仅三人，正测试隐私矿池以降低算力集中度；前身Electric Coin Company员工已成立ZODL并获得Paradigm与a16z支持，Sovright强调与之无对立，专注解决遗留问题。

2540

Sovright

5 months agoNews Editor

Sovright Launches Argos Tool to Reclaim Funds Stuck in Zcash Wallets Since 2022 Sunset

Sovright, the non-profit successor to the Electric Coin Company’s Zcash R&D operations, has introduced Argos – a wallet recovery tool designed to help early Zcash users reclaim assets trapped by the discontinuation of the ZEC Wallet Lite in 2022. Executive Board Chair Michelle Lai said Argos can recover shielded-address funds as long as users still possess the old mnemonic phrase. While the exact scale of locked assets is unknown, Lai estimated it to be “significant” and concentrated among long-term holders. Separately, Sovright is testing a privacy-focused Zcash mining pool to reduce hash rate centralization. Meanwhile, former ECC employees have formed ZODL, backed by Paradigm and a16z, focusing on Zcash product development. Sovright stresses no rivalry with ZODL and will continue tackling legacy infrastructure issues in the Zcash ecosystem.

2380

Sovright

5 months agoNews Editor

Sovright Launches Argos Wallet Recovery Tool, Unlocking Stuck Zcash Funds for Early Users

Sovright（前Electric Coin Company相关Zcash研发非营利继任组织）发布名为Argos的钱包恢复工具，帮助早期Zcash用户恢复因旧版ZEC Wallet Lite停止维护而卡住的大量资金。虽受影响规模不确定，但估计金额可观，主要涉及早期长期持有者。同时，Electric Coin Company员工集体出走成立ZODL，获Paradigm和a16z支持，Sovright则继续专注Zcash生态遗留问题，并测试隐私型矿池以去中心化算力。

2350

Zcash

5 months agoNews Editor

Sovright Launches Argos Wallet Recovery Tool to Help Early Zcash Users Retrieve Stuck Funds

Sovright (the nonprofit successor to the Electric Coin Company's Zcash research arm) has officially unveiled 'Argos', a wallet recovery tool targeting funds stuck in the deprecated ZEC Wallet Lite (discontinued in 2022). Argos can restore assets as long as users retain their seed phrases, though it only covers specific shielded addresses; the exact scale remains unclear but is estimated to be substantial, mainly affecting long-term holders. Separately, Sovright is testing a privacy-focused Zcash mining pool to reduce hash rate concentration, while the organization maintains a cooperative relationship with Zcash Open Development Lab (ZODL), a new entity founded by former Electric Coin Company employees and backed by Paradigm and a16z.

2420

Sovright

5 months agoNews Editor

Sovright Launches Argos Wallet Recovery Tool to Help Early Zcash Users Reclaim Stuck Funds

Sovright, the non-profit successor to Electric Coin Company's Zcash R&D, has officially released a wallet recovery tool named Argos. It aims to help early Zcash users recover funds that became stuck after the discontinuation of the old ZEC Wallet Lite in 2022. The tool works for users who still have their old wallet seed phrase. Although the exact scale of affected assets cannot be precisely measured, Sovright Executive Board Chair Michelle Lai estimates the amount is 'significant', primarily concentrated among early long-term holders. Meanwhile, Sovright's three-person team is also testing a privacy-focused Zcash mining pool to reduce hashrate concentration. The organization maintains a non-adversarial relationship with Zcash Open Development Lab (ZODL), a new entity supported by Paradigm and a16z.

2330

Zcash

5 months agoNews Editor

Zcash Developers to Meet in Coming Weeks: ZODL Founder Vows to 'Breach All Gates' as New Wallet Versions Launch

Josh Swihart, founder and CEO of Zcash Open Development Lab (ZODL), announced that Zcash developers will convene in the coming weeks with the core objective of 'breaching all gates.' Concurrently, the team released Zodl Mobile 3.7.0 (with Android security hardening, bug fixes, and Maya DEX integration via Swapkit) and Zallet 0.1.0-alpha.4 (adding Zebra state backend, new RPC methods, and encrypted identity commands).

1000

Zcash

5 months agoNews Editor

Zcash Developers to Hold Meeting Aiming to 'Breach All Gates' as ZODL Releases Two Major Updates

Josh Swihart, founder and CEO of Zcash Open Development Lab (ZODL), announced that Zcash developers will convene in the coming weeks with the core goal of 'Breaching All Gates.' Concurrently, the ZODL team released a weekly report detailing the launch of Zodl Mobile 3.7.0, which enhances network resilience, completes Android security hardening, fixes transaction bugs, and integrates Maya DEX via Swapkit, as well as Zallet 0.1.0-alpha.4, which adds a Zebra state backend, new RPC methods, and built-in encryption identity commands. This move underscores a technical and community push within the Zcash ecosystem.

1030

Total 17 items

Go topage

Bit.Fan