Adam Back, a prominent figure in cryptography and blockchain, revealed that he did not own any Bitcoin until 2013. Despite inventing the Hashcash algorithm, which played a significant role in the development of Bitcoin's mining process, Back did not acquire the cryptocurrency during its early days. He acknowledged this as a mistake and admitted to not buying or mining Bitcoin in 2009 when it was first created. Back eventually purchased BTC in 2013 and went on to found Blockstream, a blockchain technology company known for its innovations in infrastructure development for Bitcoin and other decentralized systems.



Other News from Today