▲ Zcash (ZEC), Bitcoin (BTC), Foundry, Cryptocurrency Mining / AI-Generated Image

Foundry Digital, the world’s largest Bitcoin (BTC) mining pool operator, has officially launched a Zcash (ZEC) mining pool, expanding its support for the privacy coin ecosystem.

According to cryptocurrency media outlet Decrypt on March 11 (local time), Foundry, a subsidiary of Digital Currency Group (DCG), introduced the new service to strengthen the security of the Zcash network and provide more opportunities for miners. As a dominant player controlling a significant portion of the Bitcoin network’s hash rate, Foundry’s launch of a Zcash pool contributes to diversifying computational resources within the network.

Zcash is a leading privacy-focused digital asset that leverages Zero-Knowledge Proof technology, enabling users to selectively disclose or hide transaction information. Foundry has established a dedicated dashboard and technical support infrastructure for Zcash mining, allowing its existing mining clients to easily allocate computational power to Zcash.

The Electric Coin Company (ECC), Zcash’s developer, and the Zcash Foundation welcomed Foundry’s participation. The entry of a large institutional-grade mining pool is expected to reduce security risks and promote hash rate decentralization within the Zcash network. Foundry also confirmed that it will donate a portion of Zcash mining profits to the network’s development fund.

Foundry has applied the security standards and reward distribution systems required by institutional investors and large-scale mining firms to its Zcash pool. Zcash recently improved its mobile payment environment and enhanced efficiency through a network upgrade. Leveraging its extensive mining network, Foundry has expanded Zcash’s infrastructure.

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