Zooko Wilcox is stepping down because the CEO of Electrical Coin Firm, the crew behind privacy-focused cryptocurrency Zcash (ZEC).
ECC introduced a change in management on Dec. 18, with Josh Swihart promoted to switch Wilcox.
Swihart beforehand labored at ECC as one of many agency’s vice presidents of progress from October 2018 to August 2023 however took 4 months off working as a part-time investor at funding providers agency Denver Angels in Colorado, in response to LinkedIn.
“We really feel assured in Josh’s management — find product-market match, unlocking new partnerships and collaboration, enhancing Zcash usability and rising adoption,” ECC mentioned in a Dec. 18 publish.
“Along with a imaginative and prescient for ECC and an optimistic ardour for Zcash, Josh has a robust entrepreneurial, technical and product background,” the agency added.
I can not start wherever else however to provide my thanks and respect to @zooko. He breathed life into Zcash and has been its flag bearer – not only for the mission however for human freedom. He’s a hero.
— Josh Swihart (@jswihart) December 18, 2023
Swihart mentioned the agency will concentrate on rising Zcash’s utility by user-focused merchandise over the following few months and to higher place ECC financially.
Wilcox — a self-described “human freedom maximalist” — mirrored positively on his time constructing Zcash from the bottom up in a Dec. 18 Medium publish:
“It has been an unbelievable expertise, and I’ll all the time be grateful that I had the chance to stay out considered one of my science fiction desires in actuality.”
Nonetheless, Wilcox mentioned it was greatest for him and the corporate to half methods. “I don’t suppose this conflation of Zcash with me personally is wholesome for me, and I don’t suppose it’s wholesome for Zcash,” he mentioned.
“Zcash’s function in human historical past is, and shall be, a lot greater than any particular person,” Wilcox added.
The Zcash co-founder conceded that he had clashed with Swihart on the best way to greatest take Zcash ahead, however mentioned the 2 by no means disagreed on “why.”
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Wilcox will stay in his function as a director on the board of the Bootstrap Mission, the mother or father firm of ECC. Alan Fairless, Christina Garman, Michelle Lai and Zaki Manian are additionally on that board.
Zcash is a privacy-focused blockchain and cryptocurrency that was launched on Oct. 29, 2016. ECC was based two years earlier, in 2014.
Zcash relies on Bitcoin’s codebase and, like Bitcoin (BTC), has a hard and fast provide of 21 million cash.
The information had no materials affect on ZEC’s value, which is at present at $28.8, in response to CoinGecko.
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