Zcash governance clash tanked the token. Here's why it may not be as big as it seems

image

Source: CryptoNewsNet Original Title: Zcash governance clash tanked the token. Here’s why it may not be as big as it seems. Original Link: https://cryptonews.net/news/altcoins/32247514/ The development team behind the zcash privacy coin rocked the network Thursday, saying it left to form a new company after a dispute with Bootstrap, a nonprofit created to support the network. Still, the move is unlikely to change much for the second-largest privacy platform, according to Mert Mumtaz, CEO of Solana’s API platform Helius.

Zcash “did not lose anything” Mumtaz said in an X post. “The ECC team did not like their board, so they started the exact same company with a different name and no board … meaning they are now unburdened by politics.”

The departure sent zcash tumbling by as much as 19%, putting a dampener on what had been a tremendous year of growth. It climbed 880% in 2025. Larger rival monero rallied following the announcement.

ZEC-1.08%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)