BlockBeats news, on April 13, according to (Fortune), Bitcoin mining pool giant Foundry has officially launched mining pool services for the privacy coin Zcash. This move marks a significant recognition of Zcash.

Foundry CEO Mike Colyer stated that the launch of the Zcash mining pool is in response to the growing interest from large institutions in the so-called 'privacy coins.' The mining pool has attracted several institutional clients, and its computing power now accounts for nearly one-third of the new output of Zcash across the network.

Zcash is currently the 15th ranked cryptocurrency by market capitalization, with a market value of approximately $6.3 billion. Launched in 2016, Zcash utilizes zero-knowledge proof technology to achieve transaction privacy, while its architecture allows for selective disclosure, making it more compliant with regulatory requirements compared to its competitor Monero, and more attractive to large institutions such as banks.