Zcash hit major turbulence this week. The entire core development team from Electric Coin Company resigned en masse after governance restructuring by the Bootstrap nonprofit board. CEO Josh Swihart described the situation as 'constructive discharge,' signaling deep friction over control and direction. The protocol itself remains operational, and departing developers are reportedly forming a new venture to continue work. Market reaction was swift—$ZEC tumbled 17% following a recent rally, settling above $400. The move raises questions about Zcash's future trajectory and whether the exodus signals broader governance challenges in the ecosystem.
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RetroHodler91
· 01-11 19:22
Damn, the entire development team just ran away? How bad does the governance structure have to be?
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FlashLoanPrince
· 01-11 19:03
These guys said they're done, and now ZEC really has to get moving.
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WhaleMinion
· 01-08 19:54
Damn, another palace intrigue... ECC all members leaving? How bad does this governance structure have to be?
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StableBoi
· 01-08 19:48
The ZEC wave of resignations is really unsustainable; the entire team leaving is truly intense.
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FlashLoanLarry
· 01-08 19:48
lol "constructive discharge" is just corporate speak for getting yeeted out. anyway the real opportunity cost here is watching protocol dynamics implode while liquidity depth craters 17%. told you so energy tbh
Zcash hit major turbulence this week. The entire core development team from Electric Coin Company resigned en masse after governance restructuring by the Bootstrap nonprofit board. CEO Josh Swihart described the situation as 'constructive discharge,' signaling deep friction over control and direction. The protocol itself remains operational, and departing developers are reportedly forming a new venture to continue work. Market reaction was swift—$ZEC tumbled 17% following a recent rally, settling above $400. The move raises questions about Zcash's future trajectory and whether the exodus signals broader governance challenges in the ecosystem.