Zcash Developers Plan New Firm After Split From Bootstrap

The entire team behind the Electric Coin Company (ECC), which develops the privacy-focused cryptocurrency Zcash, has split from Bootstrap, the nonprofit organization established to support the token. ECC CEO Josh Swihart announced that the split occurred because a majority of the Bootstrap board members—specifically Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (ZCAM)—had become misaligned with Zcash's mission. Swihart stated that the team left because their employment terms were changed in ways that made it impossible to perform their duties with integrity, leading them to found a new company while maintaining the same mission of building "unstoppable private money." Swihart assured the community that the Zcash protocol remains unaffected, as it is open-source and permissionless, relying only on miners, validators, and users. Former ECC CEO Zooko Wilcox defended the Bootstrap board members, asserting their high integrity, and also reiterated that the Zcash network's security and privacy are unchanged by the internal conflict.

(Source：Cointelegraph)