Coinspeaker

Jan 9, 2026

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Zcash Developers Launch CashZ Wallet After Leaving Electric Coin Company

The former Zcash developers have announced the creation of the CashZ wallet following their exit from the Electric Coin Company. The new privacy wallet will be based on existing Zashi code, allowing users to transition smoothly. The developers are not altering the Zcash network or launching a new token, maintaining focus on core improvements.

Reasons for Developer Exit

• The team left due to governance disagreements and nonprofit constraints at Electric Coin Company.
• They aim for faster decision-making and a return to the original privacy values that shaped Zcash.

Market Impact

• Zcash's price initially dropped by over 20% following the development team's departure, but recovered slightly with the CashZ announcement.
• Currently trading at $433.68, up 2.86%, though still below previous highs.

Future Developments

• The CashZ wallet is expected to launch within weeks, prioritizing user privacy and seamless integration.
• Bitwise has filed for 11 new crypto ETFs, including for [Zcash (ZEC)](https://holder.io/coins/). Approval could enhance asset stability.