Summary
- The Electric Coin Company development team said it is preparing to launch CashZ, a new Zcash (ZEC) wallet, following its collective resignation.
- The ECC team said it plans to officially launch CashZ within weeks and provide migration support for existing Zcash users to move assets and accounts.
- The new wallet launch was described as a step reflecting its intention to maintain an independent development direction after operational and governance disputes with Bootstrap.
The development team at Electric Coin Company (ECC), a key entity behind Zcash (ZEC), is reportedly preparing to launch a new wallet following its collective resignation.
According to crypto media outlet The Block on the 8th (local time), the ECC development team is developing CashZ, a new Zcash wallet, and plans to officially launch the service within the coming weeks. The team also plans to provide migration support so existing Zcash users can transfer assets and accounts to CashZ.
Previously, the ECC development team had announced its resignation en masse, citing operational and governance disputes with Bootstrap, a nonprofit organization that supports Zcash. The new wallet launch is seen as a move reflecting its intention to maintain an independent development direction.
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