Josh Cincinnati, executive director of the Zcash Foundation, announced his resignation. Josh Cincinnati stated in the announcement that the reasons for the resignation include: believing that any rights owned by the foundation are based on the system, not the leader. At the same time, he believes that although he has been the leader of the foundation for 3 years, he currently believes that he is no longer a suitable candidate. “Although the negotiation and distribution of power between the Zcash Foundation and the development company ECC have resulted in a huge victory for the Zcash ecosystem, the price It is his personal relationship with the ECC leadership that undermines the ability to effectively cooperate with ECC. I hope that the new successor can reset the relationship with the ECC leadership.” Lianwen previously reported that the Zcash development company Electric Coin Company (ECC) has At the end of last year, the ownership of the Zcash trademark was transferred to the Zcash Foundation “for free”. ECC stated that the decision was made after “months of negotiations” and will help further decentralize Zcash’s power. The agreement signed between ECC and the Zcash Foundation implements the decision.