⚡️ Shake-up in the Zcash Ecosystem: Zashi Team Exits ECC to Launch cashZ!
The Zcash (ZEC) community is witnessing a major shift as the team behind the popular Zashi wallet, led by CEO Josh Swihart, has announced a mass departure from the Electric Coin Company (ECC). This move comes less than 24 hours after the split, signaling a bold new chapter for privacy-focused tech.
What happened?
The departure stems from a deep-seated conflict with Bootstrap, the non-profit parent organization of ECC. Swihart cited "manipulative governance" and strategic disagreements as the primary reasons. Reportedly, Bootstrap’s board blocked plans for external funding and the privatization of the Zashi wallet, arguing it conflicted with non-profit regulations.
Introducing — cashZ 🛡
The developers aren't wasting any time. They have already announced cashZ, a new wallet built on the same foundation as Zashi.
🔹 Seamless Migration: Developers promise a smooth transition for existing Zashi users.
🔹 Independence: Free from ECC’s corporate constraints, the team aims for faster innovation.
🔹 High Demand: Within the first few hours, the waitlist surpassed 5,000 sign-ups!
Why does this matter?
While a mass exodus of talent is often seen as a risk, it also creates healthy competition. As the team moves toward a more flexible business model, cashZ could potentially outpace its predecessor in terms of features and user experience. The official launch is expected in the coming weeks.
Is this the birth of a new privacy leader? Keep a close eye on ZEC! 📈
#Zcash #ZEC #PrivacyCoins #cashZ #CryptoNews
