“Only the name has changed. We are the same team, with the same mission: to empower everyone with economic freedom and opportunity. We developed and help steward Zcash,”
— the developers say.
So, what might be the reason behind this rebranding process? It seems that the development team does not want to be associated with the ZCash Foundation, “We aren’t the Zcash Foundation. The foundation is a separate 501(3)c, managed independently. It has its own mission, team and board of directors.” The team of the newly established Electric Coin Company, which consists of 30 people from all around the world, confirms that they will continue to work as before, focusing on the development and support of ZCash.
“It’ll take us a little while to get the new branding right, launch a new domain and change out the sign at the office, but the name change is public, so we wanted to make sure we were on record confirming it."
— the team stressed this decision in their statement.
On February 22, ZCash is ranked 20th in terms of cryptocurrency capitalization.
Image courtesy of Hacked.com