> **Original Title:** How L1 and L2s can build the strongest possible Ethereum > **Original Authors:** Josh Rudolf, Julian Ma, Josh Stark, Ethereum Foundation > **Original Compilation:** Chopper, Foresight News The ultimate goal of the Ethereum Foundation's Platform team is to drive Ethereum's scaling as a unified coordinated system, ensuring all users can use it with confidence. This article aims to share our perspective on the relationship between L1 and L2, elucidate the role of each layer, and how we (as an ecosystem) can leverage the strengths of L1 and L2 to build the most attractive platform for all users.

January 27 News, the privacy coin Zcash rose approximately 8.7% today to $381, leading to a slight rebound in market sentiment. According to predictive market data from Myriad, the probability of Zcash rebounding to $550 before dropping to $250 has increased to 40%, up about 8% from Monday's low, indicating that traders are cautiously optimistic about a short-term rebound. Zcash has recently experienced significant volatility. On January 8, Electric Coin Company, the creator of Zcash, announced the collective resignation of its senior executives, which drew market attention and caused Zcash to decline over 26% month-over-month. Industry analysts believe that the executives' departure was due to disagreements with the board over profit transformation plans, while also leading to the emergence of several new projects. Former CEO Josh Swihart now leads the CashZ project, planning to launch a new type of crypto wallet centered around privacy coins; another development team has received investment support from the Winklevoss brothers and is dedicated to building the Zcash ecosystem.

Amidst the spotlight on privacy coins, the Zcash core development team quickly announced the launch of a brand new Zcash wallet product, cashZ, after officially leaving Electric Coin Company (ECC). This move is seen as a significant shift in the governance and philosophy of the Zcash ecosystem and further reinforces its commitment to privacy and the cypherpunk spirit. Former ECC CEO Josh Swihart stated that the original team responsible for launching Zcash and developing the official wallet Zashi will develop a new wallet, cashZ, based on the existing Zashi codebase, which is expected to be launched in the coming weeks. Existing Zashi users can seamlessly migrate to cashZ. The new wallet will not issue any new tokens, and its core goal remains to expand and improve the Zcash ecosystem.

PANews January 9 News, Dragonfly Managing Partner Haseeb posted on X platform comparing Zcash to BitTorrent, believing that both insist on calling themselves with a "legitimate mission" and have not been involved in illegal activities, thus surviving in their respective fields. He pointed out that BitTorrent has not been suppressed due to its adherence to decentralization principles, and the Zcash team also demonstrates a "true believer" and "cypherpunk" spirit, allowing it to survive amidst turbulence in the crypto industry. This statement received support from Zcash ecosystem representative Josh

Zcash ecosystem recently faced a major governance crisis, with the collective resignation of the core development team directly impacting market sentiment. The price of ZEC dropped over 7% within 24 hours, sparking widespread discussion in the crypto market about the governance structure of privacy coins. The incident originated from Zcash's main developer, Electric Coin Company (ECC). Its CEO Josh Swihart publicly stated that after serious governance disagreements with the Bootstrap board, all ECC employees have chosen to resign. He pointed out that some board members' decisions deviated from the company's original mission, and recent governance adjustments even changed the original employment terms, making it "impossible for the team to continue working."

The core development team behind Zcash, Electric Coin Company (ECC), has recently undergone significant organizational changes. ECC CEO Josh Swihart revealed that the entire team has separated from the non-profit organization Bootstrap, which was originally established to support Zcash, and plans to create a new company to continue advancing Zcash's privacy currency vision. This news quickly attracted widespread attention from the crypto market and the Zcash community. Swihart stated that over the past few weeks, the ECC team gradually realized that several key members of the Bootstrap board of directors had significantly diverged from Zcash's long-term mission in terms of governance direction and values. He specifically mentioned Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai of ZCAM, and said that related management decisions had directly affected the team's ability to perform their duties. “Our employment relationships have changed, making it impossible for us to continue working in an honest and efficient manner,” Swihart explained, adding that the collective resignation was to protect the team's years of accumulated achievements.

ECC former CEO Josh Swihart announced that due to significant disagreements with the Zcash governance body, all ECC members have resigned and are forming a new company to continue developing Zcash privacy technology, ensuring that the vision of an "unstoppable private currency" remains unaffected.

Zcash development team ECC's CEO Josh Swihart stated that due to board members deviating from the mission, the ECC team collectively resigned and is preparing to establish a new company to continue promoting the development of privacy coins. This change aims to protect the team's achievements without affecting the Zcash protocol itself.

Discussion on social media about quantum computers potentially cracking Satoshi Nakamoto's Bitcoin wallet, which could lead to a market crash if successful. YouTuber Josh Otten mentioned that Bitcoin's price could drop to $3, while long-term holder Willy Woo believes the market will attract buy orders and the Bitcoin network will still survive.

PANews, November 14th news, Josh, the founder of the shared sorting network Astria, announced on the X platform that he has decided to shut down Astria's development company. According to news from July 2024, Astria completed a $12.5 million funding round, led by dba and Placeholder VC.