Zcash developer unveils new wallet amid team departure
Former ECC CEO Josh Swihart announced a new Zcash wallet rollout following the entire team's departure from the company.Summary
Josh Swihart, former CEO of Electric Coin Company (ECC), announced the rollout of a new Zcash wallet named cashZ, which is built on the existing Zashi codebase. This move follows the entire ECC team's departure from their previous structure tied to the nonprofit overseer, Bootstrap, due to a governance dispute and misalignment over employment terms and constraints. Swihart stated the former ECC team is forming a new Zcash-focused company to continue full-stack development. The new wallet aims to scale Zcash to a broader user base, and a waitlist is now live, promising seamless migration for existing Zashi users. Swihart confirmed the team remains committed to Zcash and is not launching a new token, emphasizing the protocol itself is unaffected, although the ZEC token initially dropped over 20% after the departure announcement.
(Source：Crypto Briefing)