Bitcoin’s Global Reach and User Consensus Underscored by Blockstream CEO

Adam Back, CEO of Blockstream, highlights Bitcoin’s global significance by emphasizing its status as a shared asset belonging to everyone. According to Foresight News, he stated that protocol developers act as custodians, needing consensus from users for significant alterations. This emphasis on user involvement underscores Bitcoin’s role in finance. Back asserts the importance of eliminating irrelevant information on the blockchain and notes the critical role of default settings within the Bitcoin Core project.