[Bitcoin Mining Pool Giant Foundry Officially Launches Zcash Mining Pool, Now Accounts for Nearly One-Third of Network Hashrate] BlockBeats News, April 13, according to Fortune, Bitcoin mining pool giant Foundry has officially launched a mining pool service for the privacy coin Zcash. This move signifies significant recognition of Zcash. Foundry CEO Mike Colyer stated that the launch of the Zcash mining pool is in response to growing institutional interest in so-called 'privacy coins.' The mining pool has already attracted multiple institutional clients and currently accounts for nearly one-third of Zcash's total network hash rate. Zcash is currently ranked as the 15th largest cryptocurrency by market capitalization, valued at approximately $6.3 billion. Launched in 2016, Zcash utilizes zero-knowledge proof technology to enable transaction privacy, while its architecture allows for selective disclosure. It is considered more regulatory-compliant compared to its competitor Monero, making it more appealing to banks and other large institutions.