tldr; Electric Coin Company (ECC), the core development team behind Zcash (ZEC), resigned en masse on January 7 due to governance disputes with the board. ECC’s CEO described the exit as a result of ‘constructive discharge,’ citing board actions that hindered the team’s ability to fulfill Zcash’s mission. The developers plan to form a new company to continue working on Zcash’s privacy technology. The resignation has caused a governance crisis, raising concerns about the project’s future, though the Zcash network remains operational and decentralized.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DoingItForEli on
This is huge news and it’s about to get a ton of attention as the day progresses. ZEC is already down almost 20% on the news. I’ve got a bad feelings it’s gonna drag down the rest of the market a bit.
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tldr; Electric Coin Company (ECC), the core development team behind Zcash (ZEC), resigned en masse on January 7 due to governance disputes with the board. ECC’s CEO described the exit as a result of ‘constructive discharge,’ citing board actions that hindered the team’s ability to fulfill Zcash’s mission. The developers plan to form a new company to continue working on Zcash’s privacy technology. The resignation has caused a governance crisis, raising concerns about the project’s future, though the Zcash network remains operational and decentralized.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This is huge news and it’s about to get a ton of attention as the day progresses. ZEC is already down almost 20% on the news. I’ve got a bad feelings it’s gonna drag down the rest of the market a bit.
Typical rug pull in crytpo land
Buy monero. Let zcash disappear. Thanks
Hard fork incoming
This is a high moment for Grin