Zcash founder Zooko Wilcox steps down from Electrical Coin, naming new CEO


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 exchange Wilcox.

Wilcox talking in regards to the historical past of privateness on the web. Supply: ECC/YouTube

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 response to LinkedIn.

“We really feel assured in Josh’s management — find product-market match, unlocking new partnerships and collaboration, bettering Zcash usability and growing adoption,” ECC mentioned 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.

Swihart mentioned the agency will deal with growing Zcash’s utility by 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 at all times be grateful that I had the chance to reside out considered one of my science fiction desires in actuality.”

Nonetheless, Wilcox mentioned it was finest 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 mentioned.

“Zcash’s function in human historical past is, and will probably be, a lot greater than any particular person,” Wilcox added.

The Zcash co-founder conceded that he had clashed with Swihart on how you can finest 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 mum or dad 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 hard and fast provide of 21 million cash.

The information had no materials impression on ZEC’s value, which is presently at $28.8, in response to CoinGecko.

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