★Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate
"Foundry, a major crypto mining operator, now controls 30% of Zcash's mining power and has launched a new block explorer. This concentration of power raises concerns about centralization and potential network control, especially for a privacy-focused coin like Zcash."
The Big Coin Report Take
Foundry has launched a new block explorer for Zcash, Zcashinfo.com, coinciding with its mining pool now controlling 30% of the Zcash network's total hashrate. This development highlights growing centralization within the mining ecosystem of a prominent privacy coin. The key number here is 30%, representing a significant concentration of mining power in a single entity. Going forward, observers should watch if Foundry's share continues to climb, as this could raise concerns about network security and decentralization for Zcash and potentially other proof-of-work chains.
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