Zcash Developers Spin Out New Wallet After ECC Breakup
Following the breakup of the Electric Coin Company, the team behind Zashi has formed a new Zcash-focused company and is launching a new wallet called "cashZ," built from the existing Zashi codebase. The move aims to scale Zcash to billions of users while maintaining a dedicated focus on the Zcash ecosystem. The team emphasized its commitment to full-stack Zcash development, with no plans to launch new coins.
The decision to spin out was driven by three factors: Zcash's cypherpunk roots, governance and incentive alignment, and the need for scalability. The team criticized the current regulatory environment as "a decade of compliance theater," arguing that privacy is a civil-liberties issue requiring assertive leadership. They also highlighted misalignments between nonprofit and for-profit structures, advocating for a governance model free from bureaucratic constraints.
The goal is to make Zcash so large that privacy cannot be marginalized. The team cited Zcash's recent resurgence and ecosystem growth, stating, "We are no longer so small they can’t see us. We now need to get so big they can’t stop us." The cashZ wallet is currently accepting waitlist sign-ups, with a full launch expected in a few weeks.
bitcoinist01/10 02:02
