2016/10/03 3:59 PM

On October 3rd, 2016, Blockstream announced that they have selected Dr. Adam Back to replace the outgoing Austin Hill as their new CEO.

Also read: Bitcoin Uncensored: Block Size Showdown With Roger Ver

The Selection of Adam Back to Become CEO

Adam Back

Adam Back

The company’s board-of-directors voted unanimously to make Back the new CEO as Hill stepped down from the board to pursue other opportunities.

Back is known to the bitcoin community as a Core developer and small block supporter, or, at the very least, a supporter of a “measured approach” to scaling. Additionally, according to the press release, Back is a world-renowned applied cryptographer, bringing over two decades of experience working on the most advanced science and technology in the fields of e-cash, digital currencies, distributed computing, and privacy technology.

He may be best known for his invention of Hashcash, which is a proof-of-work system used to limit email spam and…

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