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Bitcoin mining pool giant Foundry officially launches Zcash mining pool, accounting for nearly one-third of the new production.
Deep Tide TechFlow News, April 13, According to Fortune, Bitcoin mining pool giant Foundry officially launched a new mining pool for privacy coin Zcash on April 13. Foundry CEO Mike Colyer stated that this move aims to respond to the growing demand for privacy coins from large institutions. Currently, the pool has attracted multiple institutional miners, accounting for nearly one-third of the newly added Zcash on the entire network.
Zcash is based on zero-knowledge proof technology to achieve transaction privacy, while supporting selective disclosure to meet compliance requirements. It is more favored by institutions compared to its competitor Monero. Boosted by this news, Zcash’s price has increased by over 75% in the past 30 days, with a current market value of approximately $6.3 billion. Foundry currently controls about 31% of the global Bitcoin hash rate and is the world’s largest Bitcoin mining pool operator.