"I'm happy that Foundry is bringing their institutional credibility and long-term commitment to Zcash," said Zcash founder Zooko Wilcox, the chief product officer of Shielded Labs. "Their mining pool and their Zcashinfo.com explorer are valuable additions to Zcash's infrastructure."
Zcash (ZEC), launched in 2016 as a privacy-focused cryptocurrency built on zero-knowledge proof technology, spiked in value last fall, rising from about $50 per coin to nearly $700 within a two-month window.
ZEC fell in value alongside Bitcoin and other top assets in recent months, but has surged again of late, rising alongside the broader market while outpacing most other major coins. Over the last month, ZEC has jumped 73% to a recent price of $354, including a nearly 42% rise in the last seven days alone.
