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A split among Zcash developers will lead to the emergence of a new coin
A split among Zcash (ZEC) developers is likely to result in the emergence of a new privacy-focused cryptocurrency.
As learned by the editors of Happy Coin News, a rift has occurred between members of the non-profit organization Bootstrap and the Electric Coin Company. As a result, the Electric Coin Company team has left the ZEC ecosystem development project due to disagreements with four members of Bootstrap’s board of directors.
Josh Swihart, who was among the departing developers, announced plans to establish a new company to issue “unstoppable private money.” It is evident that this refers to the creation of an anonymous virtual currency positioned as an alternative to Zcash.
Swihart noted that the departure of the developers will not affect the operation of the ZEC protocol, and the blockchain will continue to function normally. However, the split among developers is unlikely to benefit the cryptocurrency, whose market is currently experiencing a bearish trend. After reaching a peak of $746 in November 2025, the ZEC price began to decline and has fallen 39% from its high.
In 2026, the downward trend has persisted, and the coin has already lost 11% of its value. In addition, on January 8, the asset’s price settled below the 800-hour moving average line. According to Happy Coin News lead analyst Yuri Savelyev, this represents a clear bearish signal, indicating a significant potential decline in the cryptocurrency’s price.
See also: "Bitcoin today: falls below $91,000 amid geopolitics and jobs data"
