The ZCash development team (ZEC) will no longer use the name ZCash in the name of their company. Rebranding is planned for the near future, the new name Electric Coin Company will replace the old name, which sounded like Zerocoin Electric Coin Company. This is stated in the official statement of the project team.
“Only the name has changed. We are still the same team with the same mission: to provide everyone with economic freedom and related opportunities. We stand behind the development and help ZCash move forward” – say the developers.
What is the reason for rebranding? It seems that the development team does not want to be associated with the ZCash Foundation. “We are not the ZCash Foundation. The Foundation is a separate project 501 (3) C, managed independently. It has its own mission, a team and a board of directors” – say the experts. The team of the new company Electric Coin, consisting of 30 people from around the world, confirms that it will continue to work as before, focusing on the development and support of ZCash.
“It will take us a little time for the new branding to start working as expected. A new domain will be launched, the logo will change. At the same time, the name change is public, so we want to make sure that it was fixed by the audience” – the team said in a statement.
On February 22, ZCash ranks 20th in terms of capitalization in the cryptocurrency rating.