Foundry Digital is set to launch a new mining pool for Zcash next month, targeting publicly traded companies and financial institutions. This initiative aims to support organizations that currently lack the infrastructure to validate Zcash transactions, as emphasized in the official statement.
Evolution of Zcash
CEO Mike Colyer emphasized the evolution of Zcash into an institutional-grade asset, highlighting its importance in enhancing financial privacy.
Upcoming Mining Pool Features
The upcoming mining pool will not only facilitate transaction validation but also offer:
- continuous technical support
- comprehensive reporting tools for its participants
Mitigating Risks for Institutions
This approach is designed to help mitigate compliance and counterparty risks. It makes it an attractive option for institutions looking to engage with Zcash.
The Zashi mobile wallet has recently rebranded to Zodl, marking a significant shift for its development team, which is now independent from the Electric Coin Company. This change contrasts with Foundry Digital's upcoming mining pool for Zcash, aimed at institutional support. For more details, see read more.
