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Zcash Builders Leave ECC, Gear Up for cashZ Wallet Release Soon

Key Takeaways

  • The former Electric Coin Company team is developing a new Zcash wallet called cashZ, set to launch in the coming weeks;
  • Users of the existing Zashi wallet will be able to move to cashZ smoothly, with no major changes required;
  • The developers remain focused on improving Zcash, not creating a new coin, and aim to build faster under a new structure.

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Zcash Builders Leave ECC, Gear Up for cashZ Wallet Release Soon

After leaving Electric Coin Company (ECC), the developers behind Zcash ZEC $396.23 announced that they are already creating a new wallet for the cryptocurrency.

Former ECC CEO Josh Swihart explained that the same group that worked on the Zashi wallet will continue using its foundation to build the next version.

He said on January 8, "The team from the Electric Coin Company that launched Zcash and created the Zashi wallet is now launching a new wallet for Zcash, using the same Zashi codebase we built".

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The upcoming wallet, currently called cashZ, is expected to arrive in the next few weeks. According to Swihart, people using the Zashi wallet can easily move to cashZ with minimal setup.

Swihart also reassured Zcash users that their focus has not changed. He said:

The entire team that worked at Electric Coin Company and built Zashi is still 100% focused on full-stack Zcash development.

He added that they are not starting a new coin but rather continuing to improve the existing network.

On the group’s new website, Swihart shared more about why they decided to form a separate company. The first reason was Zcash’s identity. He said, "Zcash is cypherpunk, and we need an organization built around that understanding".

He also mentioned that privacy should be treated as a normal part of financial systems, much as physical cash is. Swihart added that Zcash has grown in recent years and can no longer operate as a small project.

Meanwhile, MetaMask has introduced direct support for Bitcoin. What did the company say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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