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ZUG, Switzerland, June 14, 2021 / PRNewswire / – Bitcoin Association, the Swiss-based global industry organization that works to advance business with the BSV blockchain, today announces that the coding cycle of the 4th Bitcoin SV Hackathon has officially started, with the contest period open until July 26. The theme for this iteration of the competition is “peer-to-peer applications”, with a prize pool of $ 100,000 (payable in BSV) up for grabs for the winners.
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One of the main events of the Bitcoin Association Developer Education Program, the Bitcoin SV Hackathons are global coding competitions designed to challenge developers to experience the technical power of Bitcoin’s original protocol and innovate at the same time. stolen. Within a specified time frame, the participants, individually or in teams, are responsible for developing an application on the BSV blockchain within the parameters of a global theme announced at the start of the competition.
The theme of this iteration of the competition is peer-to-peer applications, not just payments, but any type of application involving direct interaction between participants on the Bitcoin network. Participants are responsible for operating the recently released SPV Channels service as part of their app to facilitate network communication, as well as interacting with the Bitcoin network directly through the Merchant API (mAPI).
Following the success of the 3rd Bitcoin SV Hackathon, which extended the coding phase of the competition from 48 hours to 8 weeks and resulted in a record number of participants and entries with 418 people from 75 participating countries and 42 final projects submitted for evaluation – this edition will again have an extended coding period. The coding phase of the contest will begin on June 14 and last until July 26.
At the end of the coding period, three finalists will be selected by a jury of experts. A representative from each of the three finalists will be airlifted to apply live for the final judgment at the CoinGeek conference scheduled for October 2021 (travel rules and restrictions apply at the time of permitting). Finalists will compete for a share of a prize pool of $ 100,000 payable in BSV $ 50,000 for 1st place, $ 30,000 for 2nd and $ 20,000 for 3rd.
The story continues
As in previous competitions, the 4th Bitcoin SV Hackathon is hosted by the Bitcoin Association in partnership with leading enterprise blockchain research and development firm nChain, with sponsorship provided by digital currency conglomerate CoinGeek.
Entrants will have access to a digital platform designed to facilitate collaboration between team members, as well as nChain experts and even other competitors who will be available to provide guidance throughout the competition period.
Registration is free and open now on bsvhackathon.net
Speaking on today’s announcement, the founding president of the Bitcoin Association, Jimmy Nguyen, said:
“We are extremely happy to start the 4th edition of our Bitcoin SV Hackathon today, which will challenge participants to harness the unique peer-to-peer functionality of the BSV blockchain and scaling capabilities. massive that it facilitates. competition have seen the launch of new innovative applications and services for the BSV network, including those that have continued to receive risky investments and have become fully-fledged businesses. I predict this edition will be no different and i I look forward to seeing the high-quality entries we expect from participants in our Bitcoin SV hackathons. “
Also commenting, nChain CTO Steve Shadders said:
“This month’s release of SPV Channels CE v1.1.0 introduced a crucial new service for the Bitcoin SV network and an integral component of the massive scale-up vision that underpins the BSV blockchain. edition of the Hackathon, we are putting this new capability front and center, tasking our participants to find unique and innovative ways to use this service and to realize the true peer-to-peer vision for Bitcoin. I have always said that our role was to provide the infrastructure and for the ecosystem to find ways to leverage that and with $ 100,000 up for grabs for the winners of this contest, we’re literally putting our money where our mouth is. to see the different approaches that our Hackathon participants are sure to take during the competition and the resulting final entries. ”
About the Bitcoin association
Bitcoin Association is the global industry organization based in Switzerland that works to advance business on the Bitcoin SV blockchain. It brings together essential components of companies in the Bitcoin SV ecosystem, start-ups, developers, traders, exchanges, service providers, blockchain transaction processors (miners) and others working alongside them. , as well as representative, to go further. use of Bitcoin SV blockchain and adoption of BSV digital currency.
The Association strives to create a regulatory-abiding ecosystem that promotes legal conduct while facilitating innovation using all aspects of Bitcoin technology. More than a digital currency and a blockchain, Bitcoin is also a network protocol; Like the Internet Protocol, it is the basic set of rules for an entire data network. The Association supports the use of the original Bitcoin protocol to mine the globally unique blockchain on Bitcoin SV.
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SOURCE Bitcoin Association
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