Zooko Wilcox Steps Down as CEO of Electric Coin Company
Zooko Wilcox, co-founder of the Electric Coin Company, which develops the privacy-focused cryptocurrency Zcash (ZEC), has announced that he is stepping down from his role as CEO. In a blog post, Wilcox stated that the company’s Board of Directors has chosen Josh Swihart as the new CEO. Swihart has been with ECC for over five years, previously serving as Marketing Director and SVP of Growth.
Continuing Involvement and Shared Mission
Although Wilcox is stepping down as CEO, he will remain a director on the board of ECC’s parent firm, Bootstrap Project. In his blog post, Wilcox expressed his admiration for Swihart and emphasized their shared mission of providing economic freedom to individuals worldwide.
Impact on Zcash Price
The news of Wilcox’s departure had an immediate impact on the price of Zcash, with a decline of 5.9% in the past day. Zcash is known for its use of zero-knowledge proofs to protect user privacy while ensuring accuracy in transactions. Despite the price drop, Wilcox remains optimistic about the future and is considering new technologies that can further promote human freedom.
Hot Take: A New Era for Electric Coin Company
Zooko Wilcox’s decision to step down as CEO marks a new era for the Electric Coin Company. The appointment of Josh Swihart reflects the company’s commitment to its mission of providing economic freedom through cryptocurrency. While the news initially caused a decline in Zcash’s price, it also brings opportunities for innovation and growth. As Wilcox continues his involvement with ECC’s parent firm, Bootstrap Project, he looks forward to exploring new technologies that can positively impact society and uphold the value of human freedom.
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