TLDR
- Zcash devs launch CashZ wallet, keeping Zashi features intact for smooth migration.
- CashZ operates as a startup to scale Zcash faster than nonprofit limits allowed.
- No new coin—CashZ focuses on Zcash adoption and seamless wallet experience.
- Developers regain full control over updates and roadmap for faster innovation.
- Waitlist tops 4,500 as CashZ prepares to expand Zcash globally.
The core team behind Zcash has left Electric Coin Company and announced a new wallet called CashZ. The wallet will allow Zashi users to migrate quickly to the new platform. CashZ aims to scale Zcash adoption beyond current limits and attract a wider user base.
The CashZ wallet is built on the existing Zashi codebase and preserves all previous features. It will launch within weeks, with a waitlist already exceeding 4,500 users. Developers confirmed the project continues to focus on Zcash, not a new token.
The team’s departure follows disputes with Bootstrap, the nonprofit overseeing ECC. Governance conflicts and funding restrictions limited the team’s ability to expand Zcash through the nonprofit structure. CashZ will operate as a for-profit startup to enable faster decision-making and scaling.
CashZ Wallet to Continue Zashi Development
CashZ uses the same code as Zashi, ensuring smooth migration for current users. This approach prevents loss of user data and maintains wallet functionality. Developers emphasized the transition is structural, not technical, and the Zcash protocol remains unchanged.
The wallet integrates all prior security and privacy features from Zashi. Users can join a public waitlist to access early features and updates on launch. CashZ intends to leverage startup agility to introduce updates faster than nonprofit governance allows.
Developers will maintain full control over the roadmap, prioritizing scaling and adoption. They claim the nonprofit model slowed innovation due to legal and regulatory constraints. CashZ wallet offers a more flexible approach to funding and expansion for Zcash.
Future Plans Focused on Zcash Adoption
CashZ will not create a new coin or fork, ensuring Zcash remains the primary asset. The team will continue developing full-stack Zcash technology under the new company. Their goal is to compete with major networks like Bitcoin, Ethereum and Solana by scaling effectively.
Developers believe privacy and decentralization require organizations with agility and funding freedom. CashZ will focus on global adoption and seamless wallet experience. The new structure allows the team to execute rapidly without nonprofit legal limits.
The wallet launch reflects a broader trend of crypto teams leaving foundations for startups. Market reactions initially showed minor declines in ZEC price due to uncertainty. CashZ wallet reassures users that Zcash development will continue without interruption or protocol changes.
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