The cryptocurrency company behind the creation of privacy coin ZCash has recently announced to rename their company from ZCash to Electric Coin Company. As per the official blog post, the company is ” changing the name for clarity.”
The actions have left the crypto community quite baffled as most believe that this might be a really bad idea on their part. However, the decision has been made and ZCash company is now Electric Coin Company. The post stated:
“Our legal name has always been the Zerocoin Electric Coin Company, LLC, and we’ve been calling ourselves the ‘Zcash Company.’ But, the company isn’t ‘Zcash.’ Zcash is the cryptocurrency we build and support, with the help of others in the community. Also, we aren’t the Zcash Foundation. The Foundation is a separate and independent 501(c)(3) nonprofit organization […] 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.”
Zcash Company is now the Electric Coin Company! 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. Learn more about us: https://t.co/BSPzuaP1zq
— Electric Coin Co. (@ElectricCoinCo) February 21, 2019
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