Recently, there has been a major development in the privacy coin circle— the original Zcash core development team collectively left Electric Coin Company, established a new company, and launched the CashZ wallet. This move has attracted a lot of attention in the crypto community, as it essentially represents a major technical team from a mature project undergoing an overall transfer.

The core appeal of this event lies in the fact that these developers hold the most critical cryptographic algorithm technology for Zcash. In the privacy coin track, this is what really matters; teams without genuine expertise simply don’t dare to leave their jobs to start their own ventures. They have technical depth and experience from the original project, so logically, CashZ should have considerable competitiveness.

But opportunities often come with risks. The first issue is CashZ’s positioning— is it meant to be an optimized version of Zcash, or does it aim to fork the original chain and create a new one? If it’s just about improving the wallet experience, that’s manageable, but if it involves splitting the main chain, the risk of community division will be significant. Second, global regulatory pressure on privacy coins is tightening, and such new projects inherently carry questions about compliance. Third, although the team is strong, without the resources of the company, whether development progress can keep up with the original project remains uncertain.

From another perspective, this resembles the "internal startup" approach often seen in the tech industry. When tech giants leave, it could trigger a wave of competition upgrades in the privacy track. For investors, the new wallet might just be a concept in the short term; the real test lies ahead— whether they can speak with technology and product experience, which will determine long-term value.