Crypto Terms:
Letter A
Who is Adam Back?
Meaning:
Adam Back -
British cryptographer, cypherpunk, digital asset researcher, and inventor of Hashcash.
Let's find out Adam Back meaning, definition in crypto, who is Adam Back, and all other detailed facts.
Adam Back is a British cryptographer, digital asset researcher, and cypherpunk. He was the developer of Hashcash, a proof-of-work system that is used for Bitcoin mining and was mentioned in the Bitcoin whitepaper.
In 2014, Back co-founded Blockstream, a blockchain technology company that provides products and services for blockchain-based digital assets. In 2020, Blockstream launched Liquid.net which provides support for the Liquid Network.
The Liquid Network is a sidechain project for traders and exchanges that provides interoperability between the Bitcoin blockchain and the Liquid sidechain. It has a broad federation of members, such as Coincheck, Ledger, and Xapo.
Another project launched by Blockstream is the Blockstream Scam Database. It protects the Blockstream brand from hijacking attempts by scammers.
Sharding/strong>/strong>/a> is a process of splitting blockchain states into partitions. The partition happens horizontally in a database or search engine. The term sharding refers to splitting data into smaller pieces. These data chunks can then be stored on different machines and are horizontally scalable.<\/p>\n<p>There are <strong>three types<\/strong> of sharding: state, transactions, and network. The Elrond network <strong>combines all three types<\/strong> of blockchain sharding. The Elrond-specific sharding process is known as adaptive state sharding.<\/p>\n<p>Adaptive state sharding combines elements of all three sharding methods to create the optimal process for the Elrond network. The final result allows for parallel processing, which improves the inner communication of the shards, and can enhance the overall performance.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">Blockchain technology<\/strong><\/a> encounters scalability issues for some applications, such as banking, supply chain management (SCM), and Big Data. With the help of adaptive state sharding, blockchains can improve the throughput and scalability performance.<\/p>\n<p>Although sharding is not a new process, previous iterations have not provided the scalability required for blockchain adoption. The development of blockchain technology and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/strong><\/a> allows processing transactions, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-block/">blocks/strong>/a>, and other data into <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-shard/">shards/strong>/a> so that they can be easily processed by <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">nodes/strong>/a> even without sufficient resources.<\/p>\n<p>Adaptive sharding used by Elrond is a <strong>horizontal scaling database partitioning technique<\/strong>. It allows data to be automatically transferred across servers as the system load increases and decreases.<\/p>\n<p>When it comes to networks, sharding helps distribute nodes into segments. This occurs at the transaction level, while the whole blockchain is retained by the sum of the nodes. Sharding at the state level allows for the processing and verification of multiple transactions simultaneously.<\/p>\n<p>With dynamic adaptive state sharding, a fluctuating number of nodes can be adapted. This process occurs without compromising the network’s decentralization and security.<\/p>\n<p>The adaptive state sharding model that Elrond uses provides a new approach to the process. It has demonstrated heightened security and throughput, and delays have been reduced compared to older sharding methods.<\/p>","definition":"a sharding method used by Elrond that combines aspects of state, transactions, and network sharding.","status":"published","meta_title":"What is Adaptive State Sharding? Definition & Meaning | Crypto Wiki","meta_description":"Adaptive State Sharding meaning: Adaptive State Sharding - a sharding method used by Elrond that combines aspects of state, transactions, and network sharding.","meta_keywords":null}"
:prev-section="{"id":942,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Ad_Hoc","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-11-04T08:14:06.000000Z","slug":"what-is-ad-hoc","title":"What is Ad Hoc?","section":"A","keyword":"Ad Hoc","content":"<p><strong>Ad Hoc<\/strong> is a commonly used phrase that means <strong>“specifically for this purpose”<\/strong>. It comes from Latin. When translating the phrase word for word, it means “for this”.<\/p>\n<p>This phrase has other meanings as well. The first one is that you shouldn't assume that <strong>an answer to one problem can be applied to the same problem in a different context<\/strong>.<\/p>\n<p>The second meaning relates to <strong>software development<\/strong> where <strong>ad hoc is a solution created to handle a very specific issue<\/strong>.<\/p>\n<p>It’s often used in situations when a group or committee is created for a specific purpose. For instance, the police department appointed an ad hoc committee for the case.<\/p>","definition":"a Latin phrase meaning \u201cfor this purpose\u201d.","status":"published","meta_title":"What is Ad Hoc? Definition & Meaning | Crypto Wiki","meta_description":"Ad Hoc meaning: Ad Hoc - a Latin phrase meaning \u201cfor this purpose\u201d.","meta_keywords":null}"
:model="{"id":10,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Adam_Back","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","updated_at":"2023-11-18T16:01:51.000000Z","slug":"who-is-adam-back","title":"Who is Adam Back?","section":"A","keyword":"Adam Back","content":"<p><strong>Adam Back<\/strong> is a British <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptography/">cryptographer/strong>/a>, digital asset researcher, and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cypherpunk/">cypherpunk/strong>/a>. He was the developer of Hashcash, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">proof-of-work system<\/strong><\/strong><\/a> that is used for <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">Bitcoin mining<\/strong><\/a> and was mentioned in the Bitcoin whitepaper.<\/p>\n<p>In 2014, Back co-founded Blockstream, a blockchain technology company that provides products and services for blockchain-based digital assets. In 2020, Blockstream launched Liquid.net which provides support for the Liquid Network.<\/p>\n<p>The Liquid Network is a <strong>sidechain<\/strong> project for traders and exchanges that provides interoperability between the Bitcoin blockchain and the Liquid sidechain. It has a broad federation of members, such as Coincheck, Ledger, and Xapo.<\/p>\n<p>Another project launched by Blockstream is the Blockstream Scam Database. It protects the Blockstream brand from hijacking attempts by scammers.<\/p>","definition":"British cryptographer, cypherpunk, digital asset researcher, and inventor of Hashcash.","status":"published","meta_title":"Who is Adam Back? Definition & Meaning | Crypto Wiki","meta_description":"Adam Back meaning: Adam Back - British cryptographer, cypherpunk, digital asset researcher, and inventor of Hashcash.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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current-chapter="A"
current-section="who-is-adam-back">