On Monday, a Bitcoin (BTC) miner — or multiple Bitcoin miners — signed a message calling Craig Wright a fraud. One of the addresses used had been previously attributed to the creator of Bitcoin, Satoshi Nakamoto. The message was signed with 145 signatures belonging to the 145 corresponding addresses, and one of those addresses — 12CTHhyJtr49LgoUShbWgebLBviLAFj6nj — was a coinbase address for the Bitcoin mined in block 30169. Previous research conducted by Sergio Demian Lerner identified this block as one mined by Satoshi. Block 30169 Part of “Patoshi” Pattern. Source. SatoshiBlocks. Experts disagree However, Lerner told Cointelegraph that this is …

Cryptographer and inventor of Hashcash, Adam Back, does not think recent transactions from the 11-year-old wallet involve pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. "People need to chill," Back said in a May 20 tweet. "If Satoshi was selling coins, surely he would sell his most recently mined, and so most anonymous first." Bitcoin moved from a old wallet On the morning of May 20, the crypto market caught wind of Bitcoin transactions sent from one of the oldest known Bitcoin wallets. A wallet from 2009, just several weeks following Bitcoin's launch, received a mining reward of 50 BTC. Those Bitcoin …

Blockchain co-inventor, Scott Stornetta discusses why Satoshi’s Bitcoin (BTC) design diverted from his implementation of blockchain. In our previous articles, we described Stornetta’s views on Satoshi’s background and the philosophical evidence of why Stornetta could have been Satoshi. Now, we focus on an important design difference between the original blockchain that Stornetta created with longtime partner Stuart Haber and Satoshi’s Bitcoin. Block rotation vs. validation rotation In the original blockchain, there was no rotation of the block producers. Instead, block validation was decentralized. Also, since there was no built-in cryptocurrency, the reward was paid out in cash. Stornetta believes that …

Blockchain co-inventor, Scott Stornetta, profiles Satoshi Nakamoto for Cointelegraph. In a recent Cointelegraph interview, Stornetta explained why he could not have been Satoshi Nakamoto, or part of Bitcoin’s creation. He also ruled out Craig Wright as a possible candidate. Although he may not know the true identity of Bitcoin (BTC)’s founder, Stornetta shared some possible insights into the creator’s background. Being a cypherpunk is enough Stornetta tends to believe that Satoshi was rather an individual than a team. He discounts the argument that in order to create Bitcoin, one would have needed to be knowledgeable in too many disciplines — …

An anonymous post on the Cypherpunks mailing list from 21 years ago discusses the idea of “ecash,” and the speculation in the crypto community is that it might belong to a pre-Bitcoin Satoshi Nakamoto. “Cypherpunk” refers to a movement that emerged in the 1980s advocating cryptography and other privacy-enhancing technologies as tools for promoting social change. Many of the early Bitcoin supporters were part of the Cypherpunks mailing list, including Adam Back, Hal Finney, and Nick Szabo. We do not know with any certainty whether Satoshi Nakamoto was ever part of the forum, but he surely would have been familiar …

Crag Wright, the self-proclaimed Satoshi Nakamoto and chief scientist at NChain, has dropped a libel lawsuit against Adam Back over the Blockstream chief executive’s assertion that Wright was fraudulent in claiming to be the creator of Bitcoin (BTC). Wright filed the complaint alongside similar suits targeting Ethereum cofounder Vitalik Buterin, Bitcoin.com founder Roger Ver, podcaster Peter McCormack, and Twitter user ‘Hodlnaut’ one year ago. Craig Wright drops libel suit against Blockstream CEO On April 12, Adam Back tweeted that Craig Wright had abandoned his libel suit. Back stated that Wright’s representation “declined to give any explanation of why Craig retracted.” …

Eleven years after Bitcoin's release, Cointelegraph caught up with Adam Back to discuss the early years of Bitcoin, his emails with Satoshi Nakamoto, privacy and much more. The Blockstream CEO, who spoke to Cointelegraph at the Latin American crypto event LaBitconf in Uruguay, is a developer and cryptographer known for inventing Hashcash, a predecessor of the proof-of-work system used by Bitcoin. Back also dismissed the idea that he is the father of Bitcoin and said he didn’t help Satoshi create the world’s first cryptocurrency, despite confirming he was probably the first person Satoshi talked to about Bitcoin when he sent …

Bitcoin (BTC) is reverting to its historical 90%+ market dominance at altcoins’ expense, one of the industry’s best-known figures has declared. Back: Bitcoin will hit 90% dominance again In a Twitter debate with Primitive Fund co-founder Dovey Wan on Sept. 9, Blockstream CEO Adam Back said altcoins’ previous supremacy was a temporary feature of the cryptocurrency space. Wan had queried whether Bitcoin would continue making market cap gains, and if these would become a permanent new status quo. As Cointelegraph reported, Bitcoin’s share of the overall crypto market cap now stands at around 70%, its highest since March 2017. The …

Bitcoin (BTC) users can now take advantage of the Lightning Network while sending coins on Blockstream’s Liquid sidechain. Bitcoin’s Lightning Network designed to work across multiple chains Following the debut of support for stablecoin Tether (USDT) on Liquid, Blockstream CEO Adam Back confirmed on Twitter that the technology can also support Lightning payments. Using a combination of Lightning and Liquid allows users to benefit from the speed and low cost of off-chain transfers, along with the specific advantages of Liquid itself. “It's not so widely known but Lightning protocol is designed to work across multiple chains,” Back wrote July 30. …

Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back’s comments at a meeting of finance ministers and central bank governors in Japan on June 8. Sitting next to the governor of the Dutch central bank, Back said he believed blockchain was another move to open networking — and said financial institutions stand to benefit from the technology because it would mean international transfers no longer need to go through intermediary banks with questionable creditworthiness. When …

LinkedIn co-founder and former PayPal COO Reid Hoffman has become the latest participant in the Lightning Torch Bitcoin (BTC) transaction relay, Blockstream CEO Adam Back confirmed on social media on Feb. 26. Reid, whom Back appeared to choose due to his lead investment role in Blockstream, is the 224th person to “hold” the Torch, which began its journey around the Bitcoin community in mid-January. Each participant sends an invoice for the transaction via the Lightning Network, adding 10,000 satoshis to the balance before sending it forward. Twitter has become the platform of choice for informing the wider community about who …