Zcash’s Original Builders Leave ECC to Launch ZODL Independent Development Entity

TheNewsCryptoPublicado em 2026-02-17Última atualização em 2026-02-17

Resumo

The original builders of Zcash have officially separated from the Electric Coin Company (ECC) and formed a new independent development organization called ZODL. This split, the most significant change in Zcash's history, follows a governance dispute between ECC and its nonprofit owner, Bootstrap, regarding control, strategic direction, and development autonomy. The entire ECC staff resigned and regrouped under ZODL. The Zcash blockchain has not forked, and ZEC remains unchanged with normal network operation. However, the core development team behind Zcash's privacy technology and the Zashi wallet (now under ZODL) has moved. ECC continues to exist but without its original team. This shift may influence future upgrades, wallet innovation, privacy features, and governance, but the blockchain itself remains unaffected. The long-term impact will depend on coordination between ECC and ZODL.

The original builders of Zcash have officially separated from the Electric Coin Company (ECC) and created a new development organization called ZODL. This move marks the most significant change in the privacy-focused cryptocurrency’s history. The team has announced that the flagship wallet known as Zashi will now work under the new name called ZODL.

Reason behind this Split

This separation began in January after the governance dispute between ECC and the bootstrap, which is a nonprofit organization that owns ECC. The disagreement is on the control and decision-making authority, the strategic direction of Zcash, and long-term development autonomy. So the entire ECC staff resigned, and instead of leaving the Zcash ecosystem, the team has regrouped under the new name ZODL.

Right now, the Zcash blockchain has not forked, and ZEC remains the same asset with all blocks proceeding normally, and the network will function without any interruption. However, the same development team that built Zcash’s core privacy technology and created the Zashi wallet has shifted from ECC to ZODL. ECC still exists under the Bootstrap ownership, but without the old development team.

Observers have compared this situation with the split between OpenAI and Anthropic in the AI industry. In that case, the engineers have left the company and started forming a new company, which is similar to the Zcash case, in which developers have left the company and formed the same team under a different name to continue work on the blockchain independently.

The future upgrades, wallet innovation, privacy feature expansion, and governance decisions can be influenced by this shift, but blockchain itself remains unchanged. Based on the coordination between ECC and ZODL, the longer-term impact will be known.

Highlighted Crypto News:

Hyperliquid (HYPE) Drops 25% in February, Key Support Tested

TagsCryptocurrencyECCZcashZODL

Perguntas relacionadas

QWhat is the name of the new development entity formed by the original Zcash builders?

AThe new development entity is called ZODL.

QWhy did the original Zcash development team separate from the Electric Coin Company (ECC)?

AThe separation was due to a governance dispute over control and decision-making authority, the strategic direction of Zcash, and long-term development autonomy.

QWhat is the new name for the flagship wallet previously known as Zashi?

AThe flagship wallet is now called ZODL.

QHas the Zcash blockchain forked or changed as a result of this organizational split?

ANo, the Zcash blockchain has not forked, ZEC remains the same asset, and the network continues to function normally without interruption.

QWhat industry comparison was made to describe the Zcash team's departure from ECC?

AObservers compared it to the split between OpenAI and Anthropic in the AI industry, where engineers left to form a new company.

Leituras Relacionadas

Bernstein Analysis: Can the $142 Billion Long-Term Order Hold Up the Memory Cycle?

Bernstein revisits long-term agreements (LTAs) in the memory industry, highlighting new contracts with purchase commitments, minimum prices, and financial guarantees signed by Micron and SanDisk. These aim to provide an earnings floor for the coming years. Micron has 16 strategic customer agreements, with 14 representing approximately $100 billion in minimum revenue and about $22 billion in cash deposits/commitments. SanDisk has contracts for around $42 billion in minimum revenue and over $11 billion in guarantees. Combined, these ~$33 billion in guarantees make it more costly for major clients to walk away. However, Bernstein models that the potential revenue needing protection over 3-5 years is around $5.2 trillion. The existing guarantees thus cover only about 0.6% of that scale. While LTAs provide a cushion, they cannot fully shield profits in a severe downturn, as clients may still find it cheaper to breach contracts if spot prices fall deeply below floor prices. LTAs are most suitable for large, credit-worthy customers like U.S. cloud service providers with stable, high-volume AI infrastructure needs. Consumer segments (phones, PCs) and some Chinese clients are less likely to adopt them, leaving an estimated 30-50% of the DRAM/NAND market exposed to spot price volatility. AI demand (e.g., HBM for training, storage for inference) supports higher valuations and makes LTAs more attractive for locking in high-demand customers. Yet, Bernstein stresses that LTAs soften, but do not eliminate, the memory cycle. Their true test will come in the next downturn, revealing whether clients honor contracts and whether guarantees provide sufficient pain to maintain supplier discipline.

marsbitHá 3m

Bernstein Analysis: Can the $142 Billion Long-Term Order Hold Up the Memory Cycle?

marsbitHá 3m

Dialogue with Jia Hang | Looking Back at Two Decades of Chinese Payment Going Global

**Summary: A Conversation with Jia Hang on Two Decades of China's Payment Globalization** Jia Hang, a veteran with over twenty years in payments, reflects on China's attempts to build a global payment network through three key phases: UnionPay (card networks), Alipay+ (digital wallets), and now, stablecoins. His journey began at UnionPay International, aiming to establish China's card network abroad. While successful in following Chinese tourists ("where Chinese go, UnionPay goes"), it struggled to achieve true global scale. The core lesson: card networks like Visa/Mastercard's unassailable advantage isn't just technical standards, but their deeply entrenched **governance and profit-sharing models** that create powerful network effects. Competing as the "same species" is nearly impossible. At Ant Group, he led Alipay+, a strategy to bypass card networks by interconnecting local e-wallets worldwide. While innovative, it faced a similar ceiling. Mobile QR payments and card swipes were essentially **the same species competing for the same pie**, lacking a disruptive value proposition for users or a sustainable new incentive model to replace the card networks' established flywheel. Today, at Singapore's DCS, Jia focuses on stablecoin-based payments. He argues stablecoins represent a fundamental shift. They are not competing with Visa for consumer payments but challenging the **traditional banking and account system for value movement**. Products like "U Cards" (stablecoin-linked payment cards) are transitional, leveraging existing card networks for acceptance while building new rails. The real potential lies in stablecoins enabling seamless, low-cost global value transfer, potentially reorganizing the financial infrastructure around **accounts rather than cards**. Jia believes stablecoin adoption for local retail payments, cross-border transactions, and as high-yield savings vehicles is becoming irreversible. This could gradually reduce reliance on traditional fiat channels, especially in regions with weak currencies or capital controls. The quest for the "next global payment network" continues, now centered on whether stablecoins can successfully bridge Web2 and Web3, establish new governance, and create compelling user value beyond mere cost reduction.

marsbitHá 26m

Dialogue with Jia Hang | Looking Back at Two Decades of Chinese Payment Going Global

marsbitHá 26m

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

Circle's stock price has plunged approximately 76% from its 2023 peak, reflecting a major market revaluation. Despite this, Circle President Heath Tarbert emphasized the company's focus on long-term execution and its dominant position with USDC's $73 billion circulation across 34 blockchains. The competitive landscape is intensifying. A new consortium-backed stablecoin, Open USD, is attempting to challenge incumbents by sharing reserve yields with partners. More significantly, Visa's new stablecoin platform, initially supporting Open USD while also being compatible with USDC, could erode Circle's network effects. In response, Circle is expanding into real-world payments through partnerships like the one with Japan's JCB. Separately, Tether (USDT) faces a two-year compliance window under new U.S. regulations, requiring it to adjust its reserve composition away from assets like Bitcoin and loans towards cash and U.S. Treasuries. Meanwhile, in Hong Kong, Standard Chartered-backed fintech firm Dian Dian is poised to launch a licensed HKD-pegged stablecoin (HKDAP), moving the industry into a phase where the real test is integrating licensed stablecoins into actual payment flows and corporate treasury systems. The sharp decline in Circle's stock underscores a broader shift: the stablecoin market is moving from a winner-takes-all dynamic to a multi-player competitive arena where execution, compliance, and real-world utility are becoming paramount.

marsbitHá 27m

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

marsbitHá 27m

Trading

Spot
活动图片