Zcash Developer Team Resigns: What the Governance Crisis Means for ZEC Price
The entire Electric Coin Company (ECC) development team resigned due to a governance conflict with the Bootstrap board, though the Zcash protocol remains unaffected.Summary
The entire development team of Electric Coin Company (ECC), the core developer for Zcash (ZEC), has resigned, alleging constructive discharge by Bootstrap, the nonprofit governing ECC. Former CEO Josh Swihart stated that a majority of the Bootstrap board, referred to as ZCAM, became misaligned with Zcash's original mission, making it impossible for the team to perform their duties with integrity. The departing team plans to form a new company focused on private money development. Zcash founder Zooko Wilcox confirmed that the governance dispute does not impact the open-source, secure Zcash network itself. Despite ZEC facing an 18% drop year-to-date in 2026, some market watchers view the team's principled departure as a positive sign for long-term credibility, asserting that the chain and cryptography continue to function.
(Source：BeInCrypto)