November 22, 2024

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

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

Zooko Wilcox is stepping down as the CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash

Wilcox will remain in his role as a director on the board of the Bootstrap Project, the parent company of ECC. Alan Fairless, Christina Garman, Michelle Lai and Zaki Manian are also on that board.

Zcash is a privacy-focused blockchain and cryptocurrency that was launched on Oct. 29, 2016. ECC was founded two years earlier in 2014.

ZCash is based on Bitcoin’s codebase and, like Bitcoin (BTC), has a fixed supply of 21 million coins.

The news had no material impact on ZEC’s price, which is currently at $28.8, according to CoinGecko.

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