Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate
The mining pool comes alongside the unveiling of Zcashinfo.com, a block explorer with real-time network and mining data.
What to know:
- Foundry’s new Zcash mining pool has reached about 30% of total network hashrate after being announced back in March.
- The mining pool comes alongside the unveiling of Zcashinfo.com, a block explorer with real-time network and mining data.
- The pool signals rising institutional interest in compliant Zcash mining infrastructure, according to the firm.
Alongside the pool, Foundry introduced Zcashinfo.com, a block explorer that tracks network activity. The site shows pool rankings, hashrate distribution, block data and mining difficulty in real time.
Zcash, launched in 2016, lets users send transactions on a public blockchain while keeping key details private through zero-knowledge proof technology. The network can verify that a transaction is valid without revealing the sender, receiver or amount involved using a cryptographic method known as zk-SNARKs.
The network, like Bitcoin, relies on proof-of-work mining, where specialized machines compete to solve cryptographic puzzles in exchange for rewards paid in newly issued ZEC tokens and transaction fees.
Blocks on Zcash are produced roughly every 75 seconds, far faster than Bitcoin’s 10-minute cycle, though both networks cap supply at 21 million coins. Zcash uses the Equihash algorithm, which is designed to require large amounts of memory, unlike Bitcoin’s SHA-256 system.
