Key Points

  • Adam Back, a highly ranked computer scientist who some believe could be affiliated with the pseudomonas name Satoshi Nakamoto has expressed interest in seeing Bitcoin getting upgraded.
  • He tweeted that a Bitcoin network upgrade that maintains security could be acceptable.

Adam Back is open to seeing Bitcoin get a network upgrade that could increase its bandwidth and storage and push the CPU cost of pool (or solo/stratum v2) full nodes to be 10X higher than full nodes while ensuring that the Bitcoin validating nodes remain unaffected.

Bitcoin developer and high-ranking Satoshi Nakamoto identity, Adam Back open to Bitcoin network upgrades

Adam Back is a Ph.D. holder in computer science and a renowned Bitcoin developer. He was one of the first cryptographers to build a digital electronic monetary system. Adam Back developed hash cash, a proof-f-work-based algorithm cited by Satoshi Nakamoto, the pseudomonas name behind Bitcoin.

Due to these connections with interest in digital electronic monetary systems, Adam Back is believed to have some ties with Satoshi Nakamoto. Nevertheless, he has never claimed to be Satoshi Nakamoto, nor has the real identity behind the pseudomonas name been revealed.

On July 9, he expressed interest in seeing Bitcoin get a valuable network upgrade amid the rollout of next-generation scaling solutions like ZKsync. Adam Back’s interest comes when Bitcoin gets more use cases via the support of inscriptions and the ability to harbor other digital assets. As such, the Bitcoin network would need scaling solutions sooner than later to avoid congestion.

In his tweet, he gave an instance of committed snapshots, snapshot validity ZKPS, Zerosync, utreexo-related things, sidechains, indexes,in-block comparison/coordinations signature aggregation, verifiable history compaction nimble wimble, power user workable 10X overhead, not 100-1000X data center only as the possible upgrades that could be done to the network.

He explained that such an upgrade on full nodes bandwidth, storage, or CPU load to construct blocks would ensure that they remain cheap and thus more decentralized.

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