Estimated reading time: 1 minute, 29 seconds
Dr. Adam Back is cryptographer out of London, England with a Ph.D. in computer science from the University of Exeter. He is widely considered one of the premier experts in the world of blockchain technology.
Back has worked on e-cash protocols since as far back as 1995. He is perhaps best known as the inventor of the hashcash Proof-of-Work, which is used in mining bitcoin. In fact, Bitcoin creator Satoshi Nakamoto even referred Back in his famed Bitcoin Whitepapers.
The company’s area of focus is in sidechains – a technology created to extend the capabilities of Bitcoin’s blockchain. Through the use of sidechains, Blockstream hopes to create the opportunity for new models of trust, while improving upon the properties of Bitcoin.
Through his work in creating hashcash and using blockchain tech to improve financial systems, Dr. Adam Back is most certainly “Moving the Chain.”
“What we want is fully anonymous, ultra-low transaction cost, transferable units of exchange. If we get that going… the banks will become the obsolete dinosaurs they deserve to become.”
Back currently resides in Silema, Malta; a town located on the country’s northeast coast.