Castle Island Ventures Partner Nic Carter stated that the Bitcoin community should focus on the technical quality of the BIP-360 proposal rather than the author's identity. By eliminating the quantum vulnerability in Taproot addresses, it paves the way for Bitcoin's quantum resistance. As ECC risks become increasingly apparent, enhancing quantum resistance has become an important topic.

February 11 News, privacy cryptocurrency Zcash (ZEC) continues to weaken amid rising market risk aversion, with a decline of over 25% this month. In January, ZEC plummeted more than 41%, continuing its downward trend since 2026. As of press time, ZEC is priced at approximately $227.22, down another 4.29% in the past 24 hours. Looking back at its trend, ZEC once surged over 440% in October 2025 against the trend, becoming one of the few strong assets at that time. Despite volatile fluctuations in November and December, it ultimately closed slightly higher. However, after entering 2026, global risk assets came under pressure, coupled with rumors of Electric Coin Company (ECC) parting ways with Bootstrap, which significantly cooled market sentiment and led to continuous selling pressure on ZEC.

The Zcash Foundation announced that in response to ECC ceasing services, five new DNS seed nodes have been deployed in the United States and Europe, bringing the total to six to improve user node discovery and startup performance. At the same time, plans are underway to continue adding nodes in other regions to enhance reliability.

Amidst the spotlight on privacy coins, the Zcash core development team quickly announced the launch of a brand new Zcash wallet product, cashZ, after officially leaving Electric Coin Company (ECC). This move is seen as a significant shift in the governance and philosophy of the Zcash ecosystem and further reinforces its commitment to privacy and the cypherpunk spirit. Former ECC CEO Josh Swihart stated that the original team responsible for launching Zcash and developing the official wallet Zashi will develop a new wallet, cashZ, based on the existing Zashi codebase, which is expected to be launched in the coming weeks. Existing Zashi users can seamlessly migrate to cashZ. The new wallet will not issue any new tokens, and its core goal remains to expand and improve the Zcash ecosystem.

Zcash ecosystem recently faced a major governance crisis, with the collective resignation of the core development team directly impacting market sentiment. The price of ZEC dropped over 7% within 24 hours, sparking widespread discussion in the crypto market about the governance structure of privacy coins. The incident originated from Zcash's main developer, Electric Coin Company (ECC). Its CEO Josh Swihart publicly stated that after serious governance disagreements with the Bootstrap board, all ECC employees have chosen to resign. He pointed out that some board members' decisions deviated from the company's original mission, and recent governance adjustments even changed the original employment terms, making it "impossible for the team to continue working."

The core development team behind Zcash, Electric Coin Company (ECC), has recently undergone significant organizational changes. ECC CEO Josh Swihart revealed that the entire team has separated from the non-profit organization Bootstrap, which was originally established to support Zcash, and plans to create a new company to continue advancing Zcash's privacy currency vision. This news quickly attracted widespread attention from the crypto market and the Zcash community. Swihart stated that over the past few weeks, the ECC team gradually realized that several key members of the Bootstrap board of directors had significantly diverged from Zcash's long-term mission in terms of governance direction and values. He specifically mentioned Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai of ZCAM, and said that related management decisions had directly affected the team's ability to perform their duties. “Our employment relationships have changed, making it impossible for us to continue working in an honest and efficient manner,” Swihart explained, adding that the collective resignation was to protect the team's years of accumulated achievements.

ECC former CEO Josh Swihart announced that due to significant disagreements with the Zcash governance body, all ECC members have resigned and are forming a new company to continue developing Zcash privacy technology, ensuring that the vision of an "unstoppable private currency" remains unaffected.

Zcash development team ECC's CEO Josh Swihart stated that due to board members deviating from the mission, the ECC team collectively resigned and is preparing to establish a new company to continue promoting the development of privacy coins. This change aims to protect the team's achievements without affecting the Zcash protocol itself.

On November 19, Ethereum co-founder Vitalik Buterin also spoke at the Devconnect conference held in Buenos Aires, stating that Elliptic Curve Cryptography (ECC) could be cracked by Quantum Computing before the 2028 U.S. presidential election, and urged Ethereum to upgrade to quantum-resistant algorithms within four years.

Electric Coin Company (ECC) released its roadmap for the fourth quarter of 2025, focusing on drop technical debt, enhancing Zashi user privacy and usability, and ensuring the smooth management of the development fund. Key priorities include temporary transparent Addresses, transparent Address rotation, and functionality improvements for Keystone devices. ECC stated that the roadmap is flexible and will be adjusted according to market changes.