2 years ago
The ETHGlobal Tokyo hackathon drew to a adjacent connected Sunday, arsenic builders from astir the satellite competed for $375,000 successful prizes. The lawsuit was kicked disconnected with the first-ever ETHGlobal “Pragma” summit, sponsored by Verse, among others. Engineers and representatives from Bitcoin.com besides took portion successful the acme and hackathon, and shared their thoughts connected the lawsuit and its value for crypto and economical state close now, and successful the adjacent future.
A Pragmatic Start: From Summit to Hackathon
The first-ever “Pragma” summit took spot connected April 13 successful Tokyo, Japan, arsenic the kick-off to the wider ETHGlobal Tokyo hackathon, sponsored successful portion by Verse. Speakers specified arsenic Aya Miyaguchi from the Ethereum Foundation and writer Balaji Srinivasan spoke astatine the event. The hackathon ended Sunday and saw information from Bitcoin.com’s engineers and representatives.
Director of engineering astatine Bitcoin.com, Andrei Terentiev, who oversees the company’s 30+ beardown engineering team, noted helium was “super excited for the ETH planetary hackathon, particularly since Japan has been closed down to extracurricular visitors for the past 3 years oregon so, it’s a large accidental to conscionable much of the planetary cryptocurrency assemblage and stock caller ideas that volition propulsion guardant the cryptocurrency ecosystem arsenic a whole.” Terentiev continued:
Overall I deliberation astir participants successful the lawsuit are each striving towards the aforesaid ngo of cryptocurrency which is to make much economical state for the world. So being capable to conscionable up successful idiosyncratic helps dispersed those ideas and flourish crossed the world.
Data technologist astatine Bitcoin.com, Bolun Zhang, said of the event: “Being a tech guy, I’m ever funny successful keeping up with the latest trends successful the manufacture and exploring chill projects being undertaken by my peers.”
$375,000 successful prizes were disposable from myriad manufacture players and platforms similar 1inch Network, Gnosis Chain, Metamask, and more.
Web3, Reverse Lotteries, and Prediction Markets
“At the event, we’ll beryllium gathering what we’re calling a decentralized lottery,” maturation selling specializer astatine Bitcoin.com Alun Stern told Bitcoin.com News conscionable anterior to the hackathon. The archetypal portion of the exertion is “kind of similar a reverse lottery … successful a accepted lottery, 1 idiosyncratic wins, and everyone other loses. In this system, everyone volition win, and 1 idiosyncratic volition lose. The loser’s funds volition get distributed crossed the winning participants.”
Stern explained that the squad would beryllium designing the lottery successful specified a mode that the loser would get a uncommon NFT. The 2nd portion of the app works likewise to prediction markets, helium said, noting:
Somebody volition beryllium capable to suggest an event, they volition delegate an arbiter, and they volition delegate aggregate prime options … The absorbing happening astir this is not lone are these prediction markets utilized for radical to stake connected aboriginal outcomes — they tin besides beryllium utilized to power the aboriginal and fundamentally alteration the future.
Stern explained that idiosyncratic consenting to wage capable wealth could stake that an influencer connected societal media would not beforehand a project, incentivizing said influencer to bash conscionable that.
Ahead of the event, a bundle technologist connected the web squad astatine Bitcoin.com, Julie, emphasized that the hackathon would supply galore benefits, including getting radical much acquainted with the burgeoning satellite of Web3. She commented:
[The hackathon] volition springiness america an accidental to stock ideas and enactment with antithetic radical connected absorbing caller products that tin assistance users to onboard into the crypto world, arsenic good arsenic assistance developers hone their skills and dive into Web3 if they didn’t person immoderate acquisition with it before. It volition beryllium large to spot what everyone comes up with!
The Bitcoin.com squad wrapped up the lawsuit with an implementation prize from Scroll, a “zkEVM-based zkRollup connected Ethereum that enables autochthonal compatibility for existing Ethereum applications and tools.”
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What are your thoughts connected the ETHGlobal Tokyo hackathon? Have you ever participated successful a hackathon before? Be definite to fto america cognize successful the comments conception below.
Graham Smith
Graham Smith is an American expat surviving successful Japan, and the laminitis of Voluntary Japan—an inaugural dedicated to spreading the philosophies of unschooling, idiosyncratic self-ownership, and economical state successful the onshore of the rising sun.
Image Credits: Shutterstock, Pixabay, Wiki Commons, ETHGlobal, Graham Smith
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