Do you agree with the statement that the cryptocurrency space is a mystery in itself?
If you consider the meaning and the past happenings of the cryptocurrency space and even if you just consider the origin of the bitcoin itself, it will all look like an episode of your favorite thriller movie, am I right or Am I right?
According to Google the meaning of crypto stands for secret or mystery and see What I have said is already proved. Jokes apart! If you read about the history of bitcoin in particular then you will get to know Why I said what I said. Let me give you a recap.
Bitcoin was first proposed and invented by Satoshi Nakamoto in the year of the great recession in 2008, a pseudo figure which till date no one has any idea about who is the real face behind the name and as any plot of a good thriller movie goes, many have tried to claim the throne of Satoshi Nakamoto and by that, I mean many have tried to gain the limelight by claiming themselves to be the real Satoshi Nakamoto.
Also, this is not all, Bitcoin was first used to be the currency of the Dark web to purchase and pay for all kinds of illegal stuff ranging from drugs to even murders. If you do not have any idea about the Dark web then you gotta read about it now. The reason behind being the untraceable nature of the currency. The transition came in around the year 2012 and 2013 when bitcoin started to become mainstream and people started accepting it as a real form of currency.
The underlying technology although is not very new and there is a whole history behind “Blockchain” itself which is a topic for another article. Today we will be discussing a man who himself does not claim but, there is a set of people who believe that he might be the real Satoshi Nakamoto and has been hiding his identity for security purposes. We do not know If it is true or not? Let’s keep the debate for another day.
Adam Back is the name we will talk about today, famous for co-founding Blockstream, A blockchain tech company whose product ranges for different platforms to store and transfer cryptocurrency, especially bitcoin. Adam Back also holds the position of CEO in the same company.
Let us dive deep into the early life and net worth of Adam Black and also try to figure out Why people think he is the real Satoshi Nakamoto.
Introduction
Adam back was born in London, the United Kingdom in July 1970 is a cryptographer and cypherpunk. Now let me take the liberty to explain “Who is a cypherpunk?” to all the ignorant people out there. A “Cypherpunk” not to be confused with the cyberpunk phenomena is someone who advocates the use of privacy and cryptographic technologies in a political and socio-economical sense, advocating against this capitalist society preying on the data of our population.
Adam Back is famously known for his position and for co-founding Blockstream and for also inventing Hashcash, A system invented and proposed by Adam way back in 1997 to get rid of denial of service attacks and has been recently seen a huge increase in the use of this technology to mine bitcoin as it works on a proof of work mechanism.
Education and Career
The early educational qualifications and majors are not available anywhere on the internet, no wonder he is a cypherpunk although we know that he has completed his A levels in the subjects like advanced mathematics, physics, and economics. According to Wikipedia “The A Level is a subject-based qualification conferred as part of the General Certificate of Education, as well as a school leaving qualification offered by the educational bodies in the United Kingdom”
In his early days, Adam was too much interested in computers and taught himself the basics of computing, and started reverse engineering video games to find decryption keys in the software.
Adam completed his Ph.D. degree in Computer science in distributed systems from the University of Exeter, A public research university situated in Exeter, Devon, the United Kingdom in the year 1995. During these years he spent his time mostly working with encryption learning and researching.
On completing his formal education, in the year 1998 Adam joined Haldon House research as a research assistant. Moving on to be the security architect and cryptographer of Zero-knowledge systems, A company specialist in privacy-focused products and technologies and recently it has moved to be working and focusing on firewall products.
After working for almost three years in Zero-knowledge systems, Adam moved to Microsoft systems to work on the Microsoft passport as a security architect, but his journey with Microsoft merely lasted for around a year.
In the year 2003, Adam co-founded Pi corporation and worked as the chief security architect and cryptographer for the firm, Pi corporation was eventually acquired by EMC. Adam used to work in the DEcho division which was the consumer product division of the company made by the merger of Pi corp and Mozy.
He also owned and worked as a consultant of the security consultancy company named Cypherspace internet security. Adam also worked as a security consultant for different startups and bigger companies like Guardian edge technologies.
In the year of 2014, he co-founded Blockstream and currently sits in the position of CEO in the company, A blockchain tech company whose product ranges for different platforms to store and transfer cryptocurrency, especially bitcoin
It is said that he is one of the two people to receive an email directly from Satoshi Nakamoto and directly became the candidate who was looked upon as a potential candidate for being the face behind the pseudonym Satoshi Nakamoto. He was also sued by Craig Wright for stating that Craig Wright was not the real Satoshi Nakamoto. According to me, He is one the bigger potential holder in the race of “Who Satoshi?’ because he is the one who proposed a technology similar to bitcoin way before bitcoin was released known as Hashcash which utilized proof of stake system to tackle DDOS attacks and is now being used for mining bitcoin.
Adam Back Net worth
The exact net worth of Adam back is not known but, we can safely assume that being one of the biggest supporters and predictors of bitcoin, he must be holding some for sure which can put him on the list of the world’s richest people soon.
