Hi andreudumitro-eng,
A little clearness in frost, a Coordinator is merely a routing server that aggregates messages; it does not hold any private key material and cannot sign transactions. The Signers, Participants are the entities holding the cryptographic key shares.
A core of this proposal is the Proof of Reserves Dashboard. Because the wSOL asset uses the ZMAP standard, every minted token contains metadata linking directly to this live dashboard.
The dashboard displays:
The L1 Lock, Direct block explorer links proving exactly how much native SOL is locked in our smart contract.
The L2 Mint, the cryptographic Proof of Payment disclosures that sum up the exact circulating supply of wSOL on the Zcash network.
The Peg Status, A real-time, mathematically derived ratio proving 1:1 backing.
If Zecboat were to mint unbacked assets or move the L1 funds without authorization, it would be instantly visible on the public blockchains and flagged by the dashboard. We are empowering the individuals to act as real-time auditors.
The Zcash ecosystem suffers from isolation today. Establishing the core architectural pipeline(L1 Smart Contract → Off-Chain Relayer → L2 Zecboat Minting → Desktop UX). We want to test whether users actually want to hold private wSOL before spending years trying to decentralize the validator set. The plumbing works and the market demand exists. Once the demand is proven,the FROST architecture is already in place to transition smoothly into a staged decentralized model without rewriting the entire protocol.
During Phase 1: Milestone 1 & 2, we are implementing a 3-of-5 threshold to authorize any release of funds from the Vault. Zecboat operates all 5 signer nodes. However, these nodes will be geographically distributed across completely distinct infrastructure providers with isolated access controls.
During Phase 2 (Milestone 3, “Verified Partner” program), our explicit goal is to distribute key shares to independent, reputable entities within a partner network, transitioning control away from Zecboat.
If the Signers become unavailable, fROST guarantees safety (funds cannot be moved without M signatures), but it does not guarantee liveness. If 3 of our 5 signer nodes go offline, the bridge halts, and users cannot immediately withdraw. In the event of a catastrophic infrastructure failure, we would use cold shards to spin up new signer nodes, restore the threshold, and resume processing withdrawals. The L1 SOL is never lost due to server downtime it simply waits for the threshold to be restored.
Zecboat believes the Zcash ecosystem needs usable liquidity now. Providing users with a unique audit capibility by using the Proof of Reserves Dashboard allows us to ship a highly optimized, frictionless UX immediately, while our underlying FROST architecture ensures we have the technical runway to progressively decentralize the vault as the network grows.
Thanks