Zcash (ZEC), the privacy-focused cryptocurrency, is facing its biggest challenge in years as the Electric Coin Company (ECC) — the founding and core development team — suddenly announced their exit from the project. According to FXEmpire, the decision came without prior warning, causing ZEC’s price to drop over 30% within 24 hours. The move reportedly stems from governance and funding conflicts between ECC and the Zcash Foundation — disagreements over whether to expand toward an EVM-compatible future or remain focused purely on privacy technology. The departure leaves a major gap in Zcash’s technical leadership, raising doubts about its long-term sustainability. Still, the Foundation says it will continue maintaining the network and seek new contributors, pushing toward a truly decentralized model.
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Zcash (ZEC), the privacy-focused cryptocurrency, is facing its biggest challenge in years as the Electric Coin Company (ECC) — the founding and core development team — suddenly announced their exit from the project. According to FXEmpire, the decision came without prior warning, causing ZEC’s price to drop over 30% within 24 hours. The move reportedly stems from governance and funding conflicts between ECC and the Zcash Foundation — disagreements over whether to expand toward an EVM-compatible future or remain focused purely on privacy technology. The departure leaves a major gap in Zcash’s technical leadership, raising doubts about its long-term sustainability. Still, the Foundation says it will continue maintaining the network and seek new contributors, pushing toward a truly decentralized model.
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🕹️ Come play games in the Farcade!
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