Bitcoin mining giant Foundry adds new pool for privacy-focused Zcash
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Foundry, a Bitcoin mining giant, has launched a new pool for Zcash, a privacy-focused cryptocurrency. The move reflects growing interest in privacy coins from large institutions and could lead to increased adoption of Zcash.
Foundry, a leading Bitcoin mining pool operator, has launched a new pool for Zcash. The company's CEO, Mike Colyer, says the decision was made in response to growing interest in privacy coins from large institutions. Zcash is designed to be less visible than Bitcoin, with a network that excels at keeping transactions private. The new pool has seen rapid growth from institutional mining customers and already accounts for nearly a third of new Zcash production. Zcash has a market cap of approximately $6.3 billion and has seen a significant price increase in recent weeks. Foundry's move is a major endorsement for Zcash and could lead to increased adoption of the cryptocurrency.
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