[ad_1]
Zooko Wilcox is stepping down because the CEO of Electrical Coin Firm, the group behind privacy-focused cryptocurrency Zcash (ZEC).
ECC introduced a change in management on Dec. 18, with Josh Swihart promoted to exchange Wilcox.
Swihart beforehand labored at ECC as one of many agency’s vice presidents of development 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, according to LinkedIn.
“We really feel assured in Josh’s management — find product-market match, unlocking new partnerships and collaboration, bettering Zcash usability and rising adoption,” ECC said in a Dec. 18 publish.
“Along with a imaginative and prescient for ECC and an optimistic ardour for Zcash, Josh has a powerful entrepreneurial, technical and product background,” the agency added.
I can not start anyplace else however to offer my thanks and respect to @zooko. He breathed life into Zcash and has been its flag bearer – not only for the venture 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 means of user-focused merchandise over the following few months and to higher place ECC financially.
Wilcox — a self-described “human freedom maximalist” — reflected positively on his time constructing Zcash from the bottom up in a Dec. 18 Medium publish:
“It has been an unimaginable expertise, and I’ll all the time be grateful that I had the chance to reside out one among my science fiction goals in actuality.”
Nevertheless, Wilcox mentioned it was finest 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 position 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 how to best take Zcash forward, however mentioned the 2 by no means disagreed on “why.”
Associated: Binance was wrong to boot Monero, Zcash and other privacy coins
Wilcox will stay in his position as a director on the board of the Bootstrap Mission, the dad or mum 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 set provide of 21 million cash.
The information had no materials impression on ZEC’s worth, which is presently at $28.8, according to CoinGecko.
Journal: Lawmakers’ fear and doubt drives proposed crypto regulations in US
[ad_2]
Source link
