On October 30, Zcash Foundation announced their collaboration with Parity Technologies to build a consensus-compatible Zcash node implementation in Rust
The team-work will lead to the creation of the first Zcash node that isn't built or managed by the Zerocoin Electric Coin Company.
Parity plans to use Parity Bitcoin as a starting point and write in the Rust programming language. They will have two engineers to manage development of the new zcash node, while the Zcash Foundation is looking to hire four engineers.
Currently, zcashd is the only consensus-compatible node available, so the creation of the other one will increase Zcash network security. Moreover, the software to be built will meaningfully change the power dynamics of the Zcash ecosystem.
The Zcash Foundation
The Zcash Foundation is a financial privacy nonprofit. The organization is devoted to building internet payment and privacy infrastructure for the public good.
Parity Technologies is an infrastructure and innovation focused company building platforms and applications, founded by Gavin Wood and Jutta Steiner. Their work combines cutting-edge cryptography, cellular system, peer-to-peer technology and decentralised consensus architectures.