1 year ago
Technology institution Fedi is launching a Bitcoin hackathon that volition wage retired 2.1 BTC to the victor successful solemnisation of Bitcoin’s 14th birthday.
Fedi, which is focused connected gathering a Fedimint-based assemblage custody platform, wants to promote developers to physique retired a Fedimint module that volition assistance bring existent satellite benefits to users.
The bounty is unfastened ended, meaning that developers tin codification the functionality they want; but they are, of course, incentivized to enactment connected what would thrust the astir impact. Fedi shared immoderate ideas of what those could be, including modules that would alteration a communal savings excavation to accumulate bitcoin for a ample project, storing worth successful a section currency similar dollars, receiving payments privately via static QR codes oregon links (similar to CLN’s BOLT 12 offers), oregon operating a communal ballot based spending pool.
Fedimint is an unfastened root custody level that allows users to not lone store their bitcoin, but besides widen the functionality of their bitcoin with privacy, astute contracts, and more. It is based connected the conception of second-party custody, which involves trusting household members oregon friends with the custody of one’s bitcoin successful a mode that improves the spot and information models inherent successful the classical centralized third-party custody solutions. And it leverages Federated Chaumian Ecash, which means users besides summation privacy. In a nutshell, Fedimint wallets person the imaginable to bring beardown privateness to Bitcoin users with amended information than third-party custody setups and much easiness of usage than fully-fledged self-custody solutions.
"At Fedi, we judge that Fedimint volition go the perfect unfastened level for the transportation of consensus-based applications connected the internet," said Obi Nwosu, Fedi CEO, successful a connection sent to Bitcoin Magazine. "Bitcoin was created to beryllium a peer-to-peer dependable wealth with afloat privacy, and that's what we privation to connection to everyone globally. We're excited to spot what the broader Fedimint assemblage tin execute and what ideas determination are to widen Fedimints to lick existent satellite problems utilizing bitcoin."
Fedi is launching the hackathon successful collaboration with Epoch, an upcoming superior supplier for Bitcoin projects with the extremity to enactment furniture 2 and 3 protocols that alteration the planetary adoption of bitcoin.
Winners volition beryllium announced wrong 5 days of the submission deadline –– January 31, 2023. First spot volition get 210 cardinal satoshis (2.1 BTC) and a committedness to enactment their module successful the Fedi product; 2 runners up volition person 21 cardinal satoshis each, and 3 honorable mentions volition get 2.1 cardinal satoshis each.
Find much details astir the contention and however to enactment connected Fedi’s authoritative web leafage here. Project submissions tin beryllium done done this form.
English (US) 