Zcash devs split from Electric Coin Company, plan to create new firm
Electric Coin Company CEO Josh Swihart says the firm’s entire team left and will start a new company over disagreements with the nonprofit board that supports Zcash.
The entire Electric Coin Company team behind privacy-focused cryptocurrency Zcash has split from Bootstrap, the nonprofit created to support the token, and plans to create a new company, according to CEO Josh Swihart.
“Over the past few weeks, it’s become clear that the majority of Bootstrap board members […] Specifically Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (ZCAM), have moved into clear misalignment with the mission of Zcash,” Swihart said on Wednesday.
“Yesterday, the entire ECC team left,” he said. “In short, the terms of our employment were changed in ways that made it impossible for us to perform our duties effectively and with integrity.”