🚨 Zcash Massive Update: Scaling to Billions of Users!

Major news for the Zcash community! The core team responsible for Zcash and the Zashi wallet has transitioned to a bold new mission.

Here are the key points every $ZEC holder needs to know:

1. The Launch of cashZ Wallet

Who: The same expert team from the Electric Coin Company (ECC) is now building the cashZ wallet.

Migration: Zashi users can rest easy; the transition to the new wallet will be seamless and simple.

Momentum: Over 75,900 people have already joined the waitlist at cashz.org.

2. The New Startup Mission 🚀

Josh Swihart has clarified that this isn't an exit, but an evolution to scale Zcash:

Startups vs. Nonprofits: The team believes that startups provide the speed and "courage" necessary to reach billions of users, which traditional nonprofits struggle with.

100% Zcash Focused: No new coins are being launched. The mission remains entirely dedicated to growing the Zcash ecosystem.

Cypherpunk Vision: The goal is to make digital privacy as normal and effortless as physical cash once was.

3. Zooko & The Foundation's Stance

Founder Zooko Wilcox and his team at Shielded Labs have stated they are not involved in this internal organizational drama.

The Zcash protocol remains safe and unaffected; this is purely a change in governance and management to improve efficiency.

My Final Take:
The builders haven't abandoned Zcash. Instead, they’ve moved from a bureaucratic nonprofit model to a high-speed startup structure. This could be a pivotal moment for ZEC's long-term global adoption.

What’s your take? Can the cashZ wallet take Zcash into the mainstream? Let’s discuss in the comments! 👇

#zec