🚀 Zcash Development Team Resigns Amid Governance Dispute
#Zcash #ElectricCoinCompany #ECC #JoshSwihart #ZakiManian #ChristinaGarman #AlanFairless #MichelleLai #governancedispute #privacycurrency #Zcashprotocol #nonprofitstructure #Bootstrap #ZEC
According to Odaily, Josh Swihart, CEO of the Electric Coin Company (ECC), the development team behind Zcash (ZEC), announced on X that the majority of the Bootstrap board members, including Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai, have deviated from Zcash's mission. As a result of alleged dismissals by these board members, the entire ECC team has resigned. Swihart stated that their employment terms were unilaterally altered, preventing them from fulfilling their duties effectively and with integrity.
The team is now forming a new company, maintaining their original mission to build an unstoppable privacy currency. Importantly, the Zcash protocol remains unaffected by these changes. The decision to resign was made to safeguard the team's work from what they describe as malicious governance actions that have hindered ECC's ability to fulfill its original mission.
In 2020, following the decision of most shareholders to donate their shares, ECC began transitioning to a nonprofit structure under Bootstrap.#Zcash #ElectricCoinCompany #ECC #JoshSwihart #ZakiManian #ChristinaGarman #AlanFairless #MichelleLai #governancedispute #privacycurrency #Zcashprotocol #nonprofitstructure #Bootstrap #ZEC
🚀 Zcash Foundation Emphasizes Decentralization and Open Source Protocol
#ZcashFoundation #Decentralization #OpenSource #Blockchain #Privacy #ZcashProtocol #Cryptocurrency #NodeOperators #PublicInterest #IndependentResearch #Governance #Infrastructure #ZEC
According to BlockBeats, on January 9, the Zcash Foundation, a core nonprofit organization within the Zcash ecosystem, stated on social media that Zcash remains a decentralized open-source protocol. No single contributor, team, or organization has control over Zcash.
Zcash was designed with resilience as a primary goal. Its codebase is entirely open-source, and its consensus rules are maintained by independent node operators worldwide, supported by diverse organizations and contributors. As the protocol's guardian, the Zcash Foundation's mission is to serve the public interest, focusing on several key areas:
- Maintaining and supporting the development of the Zcash protocol
- Funding independent research and engineering practices
- Supporting the decentralization of infrastructure and governance
- Advocating for privacy as a fundamental human right#ZcashFoundation #Decentralization #OpenSource #Blockchain #Privacy #ZcashProtocol #Cryptocurrency #NodeOperators #PublicInterest #IndependentResearch #Governance #Infrastructure #ZEC