Zcash developers quit, form new company after board clash

The entire staff of the Electric Coin Company (ECC), the developer behind the Zcash blockchain, resigned following a structural dispute with its governing non-profit board, Bootstrap. CEO Josh Swihart announced the mass departure, citing that employment terms were changed in ways that made it impossible for the team to perform their duties effectively and with integrity, effectively constituting a constructive discharge. Swihart stated that the Zcash protocol remains unaffected and that the developers are forming a new company to continue building what he called "unstoppable private money." This event follows recent senior leadership exits and an internal reorganization at ECC, and comes after Zcash (ZEC) recently saw a significant price surge and market cap increase.

(Source：The Block)