*Zcash Splits! Development Team Forms New Privacy-Focused Company
The Zcash development team has left Electric Coin Company (ECC) to create a new company focused on privacy cryptocurrency. The decision was made after a disagreement with the board of directors of the nonprofit organization Bootstrap, which oversees Zcash development. ¹ ² ³
*What Does This Mean for Zcash?*
- The new company, named CashZ, will focus on developing a Zcash wallet and improving its scalability and usability.
- The development team, led by Josh Swihart, former CEO of ECC, aims to protect the project from bureaucracy and nonprofit obstacles.
- Despite the split, the Zcash protocol remains operational and is unaffected by the departure of the development team.
*What's Next for Zcash?*
- The Zcash community is watching closely the evolution of the new company and its impact on the future of the cryptocurrency.
- The departure of the development team has generated market uncertainty, with a 20% drop in ZEC value.
Stay tuned for the latest news on Zcash and CashZ!
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