Zcash Developer Team Resigns Over Governance Dispute

The departure of the core development team from Electric Coin Company marks a significant moment for the Zcash ecosystem. The team's announcement cited a growing misalignment between their vision for Zcash and the governance decisions made by the Bootstrap board. This dispute culminated in the team describing their situation as a constructive discharge, indicating that the environment had become untenable for them to continue their work in line with Zcash's original goals.

Despite the departure, the Zcash protocol remains secure, open-source and continues to operate without disruption. However, the team emphasized that their mission of advancing privacy in digital money remains unchanged. The formation of a new company to continue Zcash development signals an intent to preserve the project's decentralized and privacy-first ethos, but it also introduces new uncertainties about governance and long-term direction.