@vanakkam
šØ Zcash (ZEC) & ECC Split: What You Need to Know šØ
Zcash developers quit ECC due to governance disputes.
ZEC price dropped 18% in 24h amid uncertainty.
New company formed by ex ECC devs but Zcash protocol remains operational.
Key Takeaways
1ļøā£ Governance Crisis Leadership split between ECC and Bootstrap Board caused mass resignations
2ļøā£ Market Impact
Sharp price drop reflects investor panic over Zcash's future
3ļøā£ Long Term Outlook Depends on resolving governance issues and attracting new developers
Why It Matters
Zcash's privacy tech (zk-SNARKs) is still relevant, but centralized governance flaws exposed
ETF filings (Grayscale/Bitwise) show institutional interest, but short term volatility likely.
What to Watch
Can Zcash's community rebuild trust and maintain development?
Will the new ECC spin off compete or complement Zcash?
Your Move
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DYOR (Do Your Own Research)
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Follow Zcash's official channels for updates
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Stay cautious in volatile markets