Dr. Timo Hanke is Head of Engineering at DFINITY Stiftung. Dr. Hanke serves as Chief Cryptographer of CoinTerra Inc. Mr. Hanke was once a Professor of Mathematics and Cryptography at Aachen University in Germany. During 15 years of research in mathematics at the crossroads of computer algebra and number theory, Dr. Hanke has held post-doc positions at renowned international universities such as the Technion in Israel, a lecturer position at RWTH Aachen University in Germany, and has published articles in high-ranked scientific journals. Naturally, due to his background in cryptography, Dr. Hanke was an early enthusiast for Bitcoin, and has 2 1/2 years of in-depth expertise with the Bitcoin protocol and ecosystem. He has worked on and presented about novel ideas on layering new applications on top of Bitcoins cryptographic foundations. In 2013 he created AsicBoost to reduce the gate count on Bitcoin mining chips and increase the efficiency of Bitcoin mining by 20-30 percentage that has since become a standard in large-scale mining operations.