Zooko Wilcox Ends Eight-Year Association With Company Behind Privacy Coin Zcash

Zooko Wilcox, the CEO of Electric Coin Co., revealed connected Dec. 18 that helium is ending his eight-year relation with the entity which is down the privateness coin zcash. Despite leaving his relation arsenic the company’s apical executive, Wilcox said helium remains committed to thing focused connected quality freedom.

Wilcox’s Continued Reign Not Good for Himself oregon Zcash

On Dec. 18, Zooko Wilcox, the CEO of the Electric Coin Co. — the entity down the privacy-focused crypto plus zcash — announced his resignation and revealed that Josh Swihart is acceptable to go the caller nationalist look of the privateness coin. While helium admitted to butting heads with Swihart successful the past, Wilcox nevertheless expressed assurance successful his successor’s quality to steer the Electric Coin Co forward.

In a statement explaining his determination to permission Zcash aft 8 years, Wilcox suggested that his continued beingness would not bode good for his oregon Zcash’s health.

“…I had the accidental to unrecorded retired 1 of my subject fabrication dreams successful reality. However, successful the agelong run, I don’t deliberation this conflation of Zcash with maine personally is steadfast for me, and I don’t deliberation it’s steadfast for Zcash. Zcash’s relation successful quality past is, and volition be, overmuch bigger than immoderate individual,” said Wilcox.

Zcash and the Quest for Freedom

Despite leaving his relation arsenic Zcash’s apical executive, Wilcox said helium remains committed to thing focused connected quality freedom. He added that thing that helium does present would person to see Zcash “because the Zcash assemblage is freedom’s champion hope.”

This was an advertisement hoc investigation of a ZCash league telephone for investors. We were connected a choky deadline, but imo it inactive gives an thought of immoderate cardinal problems with the project. pic.twitter.com/wfVCFLL48b

— Tuur Demeester (@TuurDemeester) December 18, 2023

Meanwhile, Tuur Demeester, the laminitis of Adamant Research, reacted to Wilcox’s departure by sharing a illustration connected X which shows the privateness coin ZEC’s gradual diminution since its 2018 peak.

Demeester besides shared a 2018 advertisement hoc investigation of Zcash’s capitalist league telephone which highlighted immoderate of the project’s cardinal problems. In the analysis, which helium helped to prepare, Demeester and his squad expressed their interest astatine Wilcox’s inability to intelligibly articulate Zcash’s plans. The hastily prepared investigation besides singled retired Wilcox’s assertion astir the deficiency of hard forks and their interaction connected privacy.

A statement released by Electric Coin Co. confirmed Wilcox’s departure and the instrumentality of Swihart arsenic the CEO. The connection said Wilcox “will proceed arsenic a manager connected the committee of the Bootstrap Project, the genitor institution of ECC.”

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