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