A ten-year-old coin, Zcash, also faces a midlife crisis
On January 7th, the core development team of Zcash collectively resigned.
It’s not just one or two people having a bad mood; it’s the entire Electric Coin Company, about 25 people, led by the CEO, all leaving.
This company is called ECC, the main developer behind Zcash. You can think of it as the group of coders who have decided to quit.
Once the news broke,
$ZEC plummeted 20%.
A fun fact: Zcash is almost ten years old.
It launched on October 28, 2016, even earlier than many people’s entry into the crypto space. Its selling point back th