Zcash (ZEC) Development Team ECC Exits Following Governance Dispute with Zcash Foundation

The Electric Coin Company (ECC), the core development team behind the privacy-focused cryptocurrency Zcash (ZEC), has announced its shutdown following a fundamental governance clash with the Zcash Foundation's Bootstrap Grant Committee. The conflict centered on the future funding model and strategic direction for the Zcash ecosystem. ECC proposed a new funding mechanism directed through its non-profit, but the Foundation's board rejected the proposal, citing a need for a more community-driven approach. This departure marks a significant shift in Zcash's governance, raising questions about the project's future development roadmap and maintenance. The Zcash community and investors are now closely watching how the remaining entities will steer the protocol's evolution.