ADAM BACK SAYS BLOCKCHAIN TOPPLED PYRAMIDS AS IT HITS NEW COMPUTATIONAL MILESTONE

Imagine a digital structure so vast and complex that it surpasses even the monumental Great Pyramid of Giza in terms of computational effort. Marty interviews Adam Back and Sean Bill from Blockstream about Bitcoin's evolution from cypherpunk ideals to institutional financial infrastructure. They explore pension fund adoptionThat’s precisely the claim being made by Adam Back, the renowned cryptographer, cypherpunk, and CEO of Blockstream.Back, a pivotal figure in Bitcoin's early development, recently highlighted that the Bitcoin blockchain has achieved a new milestone, exceeding 2^92 double-SHA256 hashes.This staggering figure represents the cumulative computational work invested in securing the network, leading Back to boldly declare that Bitcoin now constitutes a ""new wonder of the world,"" requiring significantly more ""work"" than the construction of the ancient pyramids. Adam Back, a prominent figure in the Bitcoin community and CEO of Blockstream, believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle.But what does this milestone signify, and why is Adam Back's perspective so crucial?

This achievement isn't just about bragging rights; it underscores the immense security and resilience of the Bitcoin network. Avec le bloc , qui a t extrait le 3 juin, le travail cumulatif attendu de la blockchain Bitcoin (BTC) a franchi une nouvelle tape.Every block added to the blockchain requires substantial computational power to solve a complex cryptographic puzzle, making it incredibly difficult and expensive for malicious actors to tamper with the data.As the network grows and more computational power is dedicated to mining, the security and integrity of the Bitcoin blockchain become increasingly robust.Let's delve deeper into the significance of this milestone and Adam Back's contributions to the evolution of Bitcoin.

Understanding the Milestone: 2^92 Double-SHA256 Hashes

So, what exactly does it mean for the Bitcoin blockchain to surpass 2^92 double-SHA256 hashes? Bitcoin blockchain i in harcanan iş miktarı 2^92 double-hash'i ge erek yeni bir kilometre taşını aşmış oldu. Adam Back: Bitcoin, Piramitlerden Daha ok İş Gerektiren D nya Harikası T rk eLet's break it down. SHA256 is a cryptographic hash function that takes an input and produces a fixed-size 256-bit (32-byte) hash value.It's a one-way function, meaning that it's computationally infeasible to reverse the process and determine the original input from the hash value alone.

The ""double"" part refers to the fact that Bitcoin actually uses SHA256 twice.When a miner attempts to add a new block to the blockchain, they are essentially trying to find a hash value that meets a specific difficulty target.This involves repeatedly hashing the block header (which includes information about the previous block, a timestamp, and a Merkle root of the transactions in the block) along with a nonce (a random number).The miner changes the nonce and re-hashes until they find a hash value that is below the target. WHATTOHODL📰 Blockchain, ICO, Bitcoin and other cryptocurrencies news. Bitcoin Trader Axes 4-Year Bull Cycle Forecast After $10K Triple Top Read full: CointelegraphBecause SHA256 is a one way function, the only way to find a suitable hash value is through repeated trial and error.

2^92 represents the total number of these hashing attempts that have been performed throughout the entire history of the Bitcoin blockchain.This massive number highlights the sheer scale of computational effort dedicated to securing the network. The Blockchain Group has issued $71.9 million in convertible bonds to enhance its bitcoin treasury strategy. Moonlight Capital subscribed to a $5.7 million BTC-denominated bond at a 30% premium.In essence, it's a measure of the accumulated proof-of-work that underpins Bitcoin's security model.

Pieter Wuille, another key figure at Blockstream, first noted this milestone. Who is Adam Back? Adam Back is a renowned cryptographer and cypherpunk. He is the co-founder and CEO of Blockstream Developers, a blockchain technology company that focuses on developing and supporting Bitcoin. Back is also the inventor of Hashcash, a proof-of-work algorithm that is used in Bitcoin and other cryptocurrencies.This acknowledgment from a prominent member of the Bitcoin community further emphasizes the achievement's importance.

Adam Back: A Pioneer in Cryptocurrency

To fully appreciate the significance of Adam Back's comments, it's essential to understand his background and contributions to the field of cryptocurrency.Adam Back is a British cryptographer and cypherpunk, born in July 2025. Adam Back est largement connu dans la communaut des cryptomonnaies, car il a chang avec Satoshi Nakamoto avant que le cr ateur du bitcoin ne pr sente son projet en 2025. Dans cette interview accord e Forbes, Adam Back se livre bri vement sur certains de ses premiers travaux sur le bitcoin. N anmoins, la majeure partie de lHe is widely recognized for his early work on digital cash and his invention of Hashcash, a proof-of-work system used to combat email spam and denial-of-service attacks.

Hashcash is particularly relevant to Bitcoin because it served as a precursor to Bitcoin's own proof-of-work mechanism.Satoshi Nakamoto, the pseudonymous creator of Bitcoin, cited Back's work in the original Bitcoin whitepaper, acknowledging the influence of Hashcash on Bitcoin's design. Right now, Bitcoin is trading at about $94,179, but Adam Back believes this is just the start of a massive bull run. He sees us still in the early stages of a major Bitcoin cycle driven by a huge surge in demand. This, according to Back, could push Bitcoin s price to new heights in the coming months. Competition for Bitcoin Is Growing StrongerIt is important to remember the Bitcoin whitepaper was released in 2008.

Back's deep understanding of cryptography, decentralization, and digital cash systems made him a natural fit for the Bitcoin community. Adam Back (born July 2025) is a British cryptographer and cypherpunk, and the CEO of Blockstream, a blockchain technology company. We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic.In 2025, he co-founded Blockstream, a blockchain technology company focused on developing and supporting Bitcoin infrastructure. 月3日に採掘されたブロックXNUMXにより、ビットコイン（BTC）ブロックチェーンの予想される累計作業が新たなマイルストーンに到達した。Blockstream has been instrumental in building solutions like the Liquid Network and c-lightning, which enhance Bitcoin's scalability and privacy.

Blockstream's Role in Bitcoin Development

Blockstream plays a crucial role in the Bitcoin ecosystem. Adam Back, Co-founder and CEO of Blockstream, took the stage at the Bitcoin 2025 Conference with a clear message: Bitcoin is becoming the foundation of global finance and Blockstream is building the infrastructure to support it. So I think Bitcoin is still early, Back began, but more mainstream players are starting to become involved.The company's mission is to build the financial infrastructure of the future on top of the Bitcoin protocol. With block , which was mined on June 3, the Bitcoin blockchain s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassedHere are some key areas where Blockstream contributes:

• Layer-2 Solutions: Developing technologies like the Liquid Network, a sidechain that enables faster and more confidential Bitcoin transactions.
• Lightning Network Development: Contributing to the development of c-lightning, a Lightning Network implementation that allows for near-instant and low-fee Bitcoin payments.
• Bitcoin Mining Infrastructure: Providing solutions for Bitcoin miners, including hardware and software for optimizing mining operations.
• Open Source Development: Contributing to the open-source Bitcoin codebase and fostering innovation within the Bitcoin community.

Blockstream's focus on building robust and scalable Bitcoin infrastructure aligns with Adam Back's vision for Bitcoin as a foundational technology for global finance.This vision is what Back was alluding to when speaking at the Bitcoin 2025 Conference.

Bitcoin as a ""New Wonder of the World""

Adam Back's comparison of the Bitcoin blockchain to the Great Pyramids is not merely a hyperbolic statement.It reflects a deeper understanding of the immense effort and resources required to build and maintain a decentralized, secure, and censorship-resistant network.

The construction of the pyramids involved the coordinated labor of thousands of workers over decades. Adam Back shares insights on the evolution of Bitcoin blockchain technology at a meetup of the Bitcoin Association Switzerland (Zurich, ). You canSimilarly, the Bitcoin blockchain requires the ongoing participation of miners around the world, who expend significant computational power to secure the network. Back says all the talk right now about whether Bitcoin can break past $100,000 or if it has already hit its ceiling reminds him of a similar scenario 12 years ago.The ongoing hash rate required to keep the Bitcoin network secure is a testament to the work that the network is completing.

However, there's a key difference: the pyramids were built to serve the interests of a select few (pharaohs and the ruling elite), while the Bitcoin blockchain is designed to be permissionless and accessible to anyone.Bitcoin serves the interest of anyone who choses to participate in the network.

Furthermore, the Bitcoin blockchain represents a novel form of distributed computing that has never existed before.It's a global ledger that is resistant to censorship, manipulation, and single points of failure.This level of resilience and security is achieved through the continuous expenditure of computational power, making it a truly remarkable feat of engineering.

Comparing Bitcoin's ""Work"" to the Pyramids

While it's difficult to directly compare the ""work"" involved in building the pyramids to the computational work of the Bitcoin blockchain, we can consider a few key factors:

• Scale: The Great Pyramid of Giza required an estimated 5.5 million tons of limestone, 8,000 tons of granite, and 500,000 tons of mortar. O pioneiro da criptografia Adam Back que foi citado no white paper original retweetou as descobertas de Wuille, chamando o blockchain de uma nova maravilha do mundo que exigiu mais trabalho do que as grandes pir mides do Egito :The Bitcoin blockchain, on the other hand, involves the processing of trillions of hashes every second, across a global network of miners.
• Energy Consumption: The construction of the pyramids required human labor and animal power.Bitcoin mining consumes significant amounts of electricity, although the efficiency of mining operations is constantly improving, and the source of electricity is increasingly shifting towards renewable energy.
• Complexity: The pyramids were a complex engineering feat for their time, but they pale in comparison to the intricate cryptographic algorithms and distributed consensus mechanisms that underpin the Bitcoin blockchain.

Ultimately, Adam Back's point is that the Bitcoin blockchain represents a new form of ""work"" that is both unprecedented in scale and fundamentally different from traditional construction projects. Yet despite these concerns, quantum computing could lead to a stronger Bitcoin network, according to Adam Back, co-founder and CEO of Blockstream, the inventor of Hashcash and one of the mostThe continued growth of the Bitcoin blockchain proves the use and implementation of this new system. Dr. Adam Back, a key figure in Bitcoins early development and CEO of Blockstream, discusses enhancing blockchain capabilities beyond value storage while crypto analyst Micha l van de Poppe predicts Bitcoin could reach 80,000 to 100,000 by year-end if trends continue favorably.It is decentralized and verifiable by anyone.

The Future of Bitcoin and Blockchain Technology

The milestone of surpassing 2^92 double-SHA256 hashes is not just a static achievement; it's a stepping stone towards a future where Bitcoin and blockchain technology play an increasingly important role in the global economy.

As Dr.Adam Back has discussed, enhancing blockchain capabilities extends beyond simply storing value. Blockchain s has surpassed 2^92 double-SHA256 hashes, hitting a new milestone. With block , which was mined on June 3, the Bitcoin (BTC) blockchain s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or hashes. Wuille noted that the previous milestone 2^91The following points support this:

• Financial Infrastructure: Back envisions Bitcoin as the foundation for a new financial system that is more open, transparent, and accessible than the existing system.
• Decentralized Applications (DApps): Blockchain technology enables the development of decentralized applications that can disrupt a wide range of industries, from finance and supply chain management to healthcare and voting.
• Digital Identity: Blockchain-based identity solutions can provide individuals with greater control over their personal data and enhance privacy and security.
• Data Integrity: Blockchain can be used to ensure the integrity and provenance of data, making it valuable for applications in areas such as intellectual property protection and anti-counterfeiting.

Moreover, despite ongoing debates about Bitcoin's price and potential, figures like crypto analyst Michaël van de Poppe predict significant growth, suggesting Bitcoin could reach $80,000 to $100,000 if current trends continue favorably.This optimistic outlook, combined with Back's vision, paints a compelling picture of Bitcoin's future.

Addressing Skepticism and Concerns

Despite the growing adoption and recognition of Bitcoin and blockchain technology, skepticism and concerns still persist.One common concern is the environmental impact of Bitcoin mining. Adam Back Says Blockchain Toppled Pyramids as It Hits New Computational MilestoneHowever, it's important to note that:

• Renewable Energy: A growing percentage of Bitcoin mining is powered by renewable energy sources, such as solar, wind, and hydroelectric power.
• Efficiency Improvements: Bitcoin mining hardware is constantly becoming more efficient, reducing the amount of energy required to secure the network.
• Alternative Consensus Mechanisms: Other blockchain technologies are exploring alternative consensus mechanisms that consume significantly less energy than proof-of-work.

Another concern is the potential for quantum computers to break Bitcoin's cryptography. 25 subscribers in the mrcryptolive community. Mr Crypto publish live cryptocurrency prices along with constantly updated statistics.While this is a legitimate concern, it's important to remember that:

• Quantum Computing is Still Nascent: Quantum computers are still in their early stages of development and are not yet capable of breaking Bitcoin's cryptography.
• Bitcoin Can Adapt: The Bitcoin protocol can be upgraded to incorporate quantum-resistant cryptographic algorithms if necessary.
• Quantum Computing Could Strengthen Bitcoin: Adam Back believes that quantum computing could actually lead to a stronger Bitcoin network by enabling more sophisticated cryptographic techniques.

Adam Back's Predictions for Bitcoin's Price

Adam Back is known for his bullish stance on Bitcoin's long-term prospects. Blockchain s has surpassed 2^92 double-SHA256 hashes, hitting a new milestoneHe has suggested that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle. Podcast with Andreas Antonopoulos, Jan 2025, about privacy, cypherpunk ideas and Bitcoin precursors: hashcash, B-money, Bit-gold and RPOW and everything Bitcoin on Let s Talk Bitcoin podcast listen to episode 77This is what he stated at the Bitcoin 2025 Conference.He also mentioned that Bitcoin is still in its early stages.

While such predictions should be taken with a grain of salt, Back's perspective is informed by his deep understanding of Bitcoin's fundamentals and its potential to disrupt the global financial system. Adam Back is the founder and CEO of Blockstream, a blockchain development company focused on building solutions based on the Bitcoin infrastructure. Blockstream was founded in Canada in 2025 and gained early backing from high-profile investors, including Reid Hoffman, the founder of LinkedIn.He sees the recent surge in institutional adoption as a sign that Bitcoin is becoming increasingly mainstream.

However, he is not the only one who is optimistic on the future price. Speaking to Decrypt, Blockstream CEO and well-known early Bitcoiner Adam Back said that this is nothing new and that even techies struggle to get their head around the cryptocurrency. Calling continued skepticism confusing, Back used the example of cypherpunks back in the day who seemed uninterested in Bitcoin.Michaël van de Poppe has suggested Bitcoin could reach $80,000 to $100,000 if current trends continue favorably. Com o bloco , que foi extra do em 3 de junho, o trabalho cumulativo esperado da blockchain do Bitcoin (BTC) atingiu um novo marco. Segundo com o co-fundador da Blockstream, Pieter WuilleIt seems analysts across the board are bullish on Bitcoin's future.

Back's analogy to a similar scenario 12 years ago highlights the cyclical nature of the Bitcoin market and the potential for significant price appreciation during bull runs.

Factors Driving Bitcoin's Price

Several factors could contribute to Bitcoin's price appreciation in the coming years:

• Increased Institutional Adoption: More and more institutional investors, such as pension funds and corporations, are allocating capital to Bitcoin.
• Limited Supply: Bitcoin has a fixed supply of 21 million coins, which makes it a scarce asset and a potential hedge against inflation.
• Growing Demand: As Bitcoin becomes more widely adopted as a store of value and a medium of exchange, demand for the cryptocurrency is likely to increase.
• Macroeconomic Factors: Economic uncertainty and government stimulus measures could drive investors towards Bitcoin as a safe haven asset.

Of course, Bitcoin's price is also subject to volatility and market fluctuations. Advocacy: Back is a vocal advocate for privacy and decentralization in digital currencies. Innovation: He continues to drive innovation in blockchain technology, pushing for advancements that make cryptocurrencies more secure and scalable. Why Is Adam Back Important? Understanding Adam Back's role in the development of Bitcoin and blockchainInvestors should conduct their own research and consult with financial professionals before making any investment decisions.

Conclusion: Bitcoin's Enduring Legacy

Adam Back's assertion that the Bitcoin blockchain has surpassed the pyramids in terms of computational ""work"" is a powerful statement that highlights the remarkable achievement of this decentralized network.The milestone of exceeding 2^92 double-SHA256 hashes underscores the immense security, resilience, and complexity of Bitcoin.Back's vision and work continue to drive the technological advancement of Bitcoin.

As Bitcoin continues to evolve and mature, it has the potential to transform the global financial system and empower individuals with greater control over their wealth and data.The future is bright for the digital asset and blockchain technology in general.It is important to note that Blockstream continues to build the infrastructure to support it.

Key Takeaways:

• The Bitcoin blockchain has surpassed 2^92 double-SHA256 hashes, representing a new computational milestone.
• Adam Back believes that Bitcoin is a ""new wonder of the world"" that has required more ""work"" than the Great Pyramids.
• Blockstream plays a crucial role in developing and supporting Bitcoin infrastructure.
• Bitcoin has the potential to transform the global financial system.
• Despite concerns, Bitcoin continues to gain adoption and recognition as a valuable asset.

What are your thoughts on Bitcoin's potential?Do you agree with Adam Back's assessment? Adam Back (born July 2025) is a British cryptographer and cypherpunk. He is the CEO of Blockstream, which he co-founded in 2025. He invented Hashcash, which is used in the bitcoin mining process.Share your perspectives in the comments below!