{"id":3653,"date":"2018-01-22T00:00:00","date_gmt":"2018-01-22T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/01\/22\/greg-maxwell-steps-out-of-blockstream-looking-to-focus-on-bitcoin-development-again\/"},"modified":"2018-01-22T00:00:00","modified_gmt":"2018-01-22T00:00:00","slug":"greg-maxwell-steps-out-of-blockstream-looking-to-focus-on-bitcoin-development-again","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/greg-maxwell-steps-out-of-blockstream-looking-to-focus-on-bitcoin-development-again\/","title":{"rendered":"Greg Maxwell steps out of Blockstream looking to focus on Bitcoin development again"},"content":{"rendered":"

Bitcoin Core<\/a><\/strong> developer and Blockstream<\/a><\/strong> co-founder Greg Maxwell has announced he resigned from the company as he wanted to concentrate more on the cryptocurrency\u2019s development.<\/p>\n

In an email sent to the Core mailing list, he states he wants to have more time to spend working on Bitcoin upgrades by his own. \u201cIn order to spend more time working independently on deep protocol work, especially new cryptographic privacy and security technology for Bitcoin, I resigned from Blockstream last November,\u201d Maxwell wrote.<\/p>\n

He further explains how Blockchain came to be, as in the earlier moments, Satoshi\u2019s coin had the community but not the financial support other open-source projects (like Linux) have.<\/p>\n

\u201cWithout sustained financial support, some kinds of bigger projects seemed really hard to pull off with developers needing to share time between non-bitcoin employment, their families, and their other interests. For the most part, back then early Bitcoin companies weren’t investing in public technology, at least not effectively.\u201d he said.<\/p>\n

\"Greg<\/p>\n

He and his team hoped that Blockstream could act \u201cas an anchor of support for technology development\u201d, thus helping the community to grow. \u201cI think that has been a big success. The Bitcoin industry has matured a lot and today Bitcoin Core gets significant regular contributions from many organizations (\u2026) and a volunteer community much larger and more active that it has ever been before.\u201d the email reads.<\/p>\n

His resignation, however, is not a total exit from the BTC. According to him, quitting from the company will allow him to have more time to focus on many other technologies that could help mature Bitcoin in many ways, such as Bulletproofs, Confidential Transactions, signature aggregation, improved propagation and synchronization.<\/p>\n

\u201cI’ll be spending more time helping with these and other things, and will no longer have insight into Blockstream’s activities or a Blockstream email address (…) but otherwise this shouldn’t change anything for anyone here.\u201d he finalized.<\/p>\n

Blockstream is one of the three startups, along with ACINQ and Lightning Labs, to have been conducting a series of tests in order to bring layer 2 technology to the mainnet, announcing their results mid-December 2017, where they were able to send various payments using this network. Although it\u2019s yet to be pulled off from Bitcoin\u2019s testnet and into the aforementioned one, some companies have started to use it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Core developer and Blockstream co-founder Greg Maxwell has announced he resigned from the company as he wanted to concentrate more on the cryptocurrency\u2019s development.<\/p>\n","protected":false},"author":3,"featured_media":3655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4623],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/3653"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=3653"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/3653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/3655"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=3653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=3653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=3653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}