Senior developers of Zcash are leaving the non-profit governance structure to form a new for-profit entity focused on accelerating the development of cryptocurrencies. The Zcash protocol, blockchain, and funding mechanisms will continue to exist, and this restructuring is viewed as a spin-off rather than a dissolution. While the restructuring aims to improve user experience and accelerate user adoption, execution risks still exist. The price of ZEC has experienced a significant decline, but its long-term structure remains above key support levels.
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Senior developers of Zcash are leaving the non-profit governance structure to form a new for-profit entity focused on accelerating the development of cryptocurrencies. The Zcash protocol, blockchain, and funding mechanisms will continue to exist, and this restructuring is viewed as a spin-off rather than a dissolution. While the restructuring aims to improve user experience and accelerate user adoption, execution risks still exist. The price of ZEC has experienced a significant decline, but its long-term structure remains above key support levels.