Zcash core team don split from ECC, form new company and dey ready cashZ wallet

Zcash core developers wey comot for Electric Coin Company (ECC) don form new company wey focus for Zcash and don announce say dem go reboot wallet wey dem name cashZ wey go reuse the existing Zashi codebase. The team — Josh Swihart dey lead public messaging and contributors like Sean Bowe, genzcash and Shielded Labs — open early-access waitlist and talk say current Zashi users fit migrate with minimal setup. The group stress say dem no dey create new coin and dem still committed to full‑stack Zcash (ZEC) development. Dem yarn say the split na because three priorities: defend Zcash’s cypherpunk, privacy‑first mission; fix governance and incentive misalignment between nonprofit and for‑profit structures; and scale Zcash to mainstream adoption. The developers show say the cashZ wallet launch na first step to wider onboarding and say the new structure go allow faster, bigger-scale development pass the old small-project setup. As report time, ZEC don recover some losses and dey trade around $436. Key takeaways for traders: expect continuity of development and easy migration path for wallet users (reduce short-term technical disruption), possible positive sentiment among privacy-focused users, and organizational uncertainty wey fit cause volatility around announcements and releases.