Employees who left the Electric Coin Company en masse on Wednesday are launching a new Zcash wallet, citing the need to return to cypherpunk principles and to scale faster.
Developers of privacy-focused Zcash have announced they’re already working on a new wallet for the cryptocurrency, less than a day after their high-profile exit from Electric Coin Company.
“The team from the Electric Coin Company that launched Zcash, and created the Zashi wallet, is now launching a new wallet for Zcash, using the same Zashi codebase we built,” said former ECC CEO Josh Swihart late on Thursday.
The code name for the wallet is cashZ and will be launched in a “few weeks,” he added. Users of the existing Zcash (ZEC) wallet, Zashi, will be able to migrate to the new one seamlessly. There were no other details about the new wallet.
