Former Zcash Developers Launch New Startup and Wallet
- The former team behind Zcash has launched a new for-profit startup called CashZ.
- CashZ’s first product is a wallet derived from the Zashi codebase, aimed at enhancing user privacy.
- Josh Swihart, ex-CEO of Electric Coin Company (ECC), confirmed the transition following the resignation of ECC staff due to board disputes.
- The Zcash Foundation stated that no single organization controls the network, ensuring its decentralized nature remains intact.
- Recent proposals suggest adapting Zcash’s fee structure to be dynamic based on transaction levels in previous blocks.
The launch of CashZ reflects a strategic shift by former developers to innovate within the Zcash ecosystem, emphasizing scalability and user privacy amidst organizational changes at ECC.
With the introduction of a new wallet and startup model, these developments aim to enhance user experience while maintaining network integrity as confirmed by the Zcash Foundation’s statements on decentralization.
