★Foundry’s institutional Zcash pool captures a third of new issuance
"Foundry, a major Bitcoin mining player, is now dominating Zcash mining with a regulated pool. This shows institutional interest in privacy coins, but also raises concerns about centralization and the potential for a few large entities to control network issuance across different cryptocurrencies."
The Big Coin Report Take
Foundry Digital's new Zcash mining pool has rapidly captured a significant portion of the network's hashrate. This development offers institutional miners a compliant pathway into privacy coins, potentially broadening their adoption. However, with the pool now controlling roughly one-third of Zcash's total hashrate, it also ignites fresh concerns about network centralization. Moving forward, observers should watch how this concentration impacts Zcash's decentralized ethos and whether similar institutional pools emerge for other privacy-focused assets.
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