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Josh Swihart, CEO of Electric Coin Company (ECC), the company behind Zcash development, has announced a split within the team.
The conflict involves the board of directors of Bootstrap (a non-profit organization created to support Zcash). According to Swihart, their decisions "deviate" from the original mission of Zcash.
As a result, the entire ECC team has "resigned." Steps are expected to be taken to create a new structure that will focus on protocol development.
ZEC is reacting with a significant price drop over the past 24 hours.
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