Governance Rift Leads to ECC Team’s Exit, New Zcash Venture Planned
The entire Electric Coin Company team has departed following governance disputes with the Bootstrap board, marking a significant shift in Zcash's development leadership. CEO Josh Swihart cited board-imposed changes as rendering the team's work untenable, framing the exit as a 'constructive discharge.'
The dissenting team plans to launch a new entity committed to advancing Zcash's Core privacy and decentralization principles. Protocol integrity remains unaffected—Zcash's open-source foundation ensures continuity despite organizational upheaval.
Former ECC CEO Zooko Wilcox affirmed network stability while supporting the Bootstrap board's position. The schism highlights growing pains in cryptocurrency governance models, where ideological alignment often clashes with operational realities.
