BlockBeats news, on April 13, according to Fortune, Bitcoin mining pool giant Foundry has officially launched a mining pool service for the privacy coin Zcash. This move marks a significant endorsement of Zcash.
Foundry CEO Mike Colyer said the launch of the Zcash mining pool was in response to growing institutional interest in so-called "privacy coins." The pool has attracted multiple institutional clients and currently accounts for nearly one-third of Zcash’s newly mined supply.
Zcash is currently the 15th largest cryptocurrency by market capitalization, with a market cap of approximately $6.3 billion. Launched in 2016, Zcash uses zero-knowledge proof technology to enable transaction privacy, while its architecture allows for selective disclosure, making it perceived as more regulatory-compliant than competitors like Monero and more attractive to large institutions such as banks.