Zooko Wilcox is stepping down because the CEO of Electrical Coin Firm, the staff behind privacy-focused cryptocurrency Zcash (ZEC).
ECC introduced a change in management on Monday, 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 companies agency Denver Angels in Colorado, in accordance 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 stated in a Dec. 18 submit.
“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 anyplace 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 challenge however for human freedom. He’s a hero.
— Josh Swihart (@jswihart) December 18, 2023
Swihart stated the agency will concentrate on rising Zcash’s utility by way of user-focused merchandise over the subsequent 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 submit:
“It has been an unbelievable expertise, and I’ll all the time be grateful that I had the chance to reside out one in all my science fiction desires in actuality.”
Nevertheless, Wilcox stated it was greatest for him and the corporate to half methods. “I don’t assume this conflation of Zcash with me personally is wholesome for me, and I don’t assume it’s wholesome for Zcash,” he stated.
“Zcash’s function in human historical past is, and will likely be, a lot larger than any particular person,” Wilcox added.
The Zcash co-founder conceded that he had clashed with Swihart on the right way to greatest take Zcash ahead, however stated 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 Venture, the father or mother 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 is predicated 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 value, which is presently at $28.8, in accordance to CoinGecko.
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