"In 1997, Back invented Hashcash - a proof-of-work system originally built to combat email spam that became the direct technical foundation for Bitcoin's mining process. Satoshi Nakamoto cited Back by name in the Bitcoin white paper, writing that the network would need "a proof-of-work system similar to Adam Back's Hashcash.""
"Blockstream, which Back co-founded in 2014, develops Bitcoin infrastructure across three areas: consumer self-custody tools including the open-source Jade hardware wallet, enterprise settlement and asset issuance on the Liquid Network, and institutional products through Blockstream Asset Management - with with Liquid Network closing 2025 with close to $5 billion in TVL."
"Bitcoin Standard Treasury Company has entered into a definitive agreement to go public through a merger with Cantor Equity Partners I (CEPO), structured with 30,021 BTC on its balance sheet and up to $1.5 billion in PIPE financing - the largest ever announced alongside a Bitcoin treasury SPAC merger."
Adam Back is confirmed as a speaker at Bitcoin 2026, representing a unique position as someone whose contributions predate Bitcoin itself. In 1997, Back invented Hashcash, a proof-of-work system that became the direct technical foundation for Bitcoin's mining process, cited by name in Satoshi Nakamoto's white paper. As Co-Founder and CEO of Blockstream since 2014, Back oversees Bitcoin infrastructure development across consumer self-custody tools, enterprise settlement via the Liquid Network (which closed 2025 with nearly $5 billion in TVL), and institutional products. Additionally, Bitcoin Standard Treasury Company, which Back leads, is pursuing a public merger with Cantor Equity Partners I, featuring 30,021 BTC on its balance sheet and up to $1.5 billion in PIPE financing—the largest announced alongside a Bitcoin treasury SPAC merger. The combined company is expected to trade on Nasdaq under ticker BSTR following shareholder approval targeted for April 2026.
Read at Bitcoin Magazine
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