Zcash (CRYPTO: ZEC) surged 21% after Foundry, the world’s largest Bitcoin (CRYPTO: BTC) mining pool, announced Wednesday it would add ZEC support, marking a significant institutional signal from a pool that has historically mined only Bitcoin.
The Triple Catalyst
Foundry’s decision to add Zcash support represents a major shift for the world’s largest Bitcoin mining pool.
The pool has never mined anything other than Bitcoin, making the ZEC addition a notable institutional signal.
Meanwhile, the quantum-resistant angle is gaining traction.
Google recently demonstrated a 20x more efficient implementation of Shor’s algorithm, reigniting conversations about Bitcoin’s long-term vulnerability to quantum attacks.
Zcash has been building post-quantum cryptography into its roadmap and is …