Win 2.1 BTC at the Fedi Bitcoin Hackathon – Celebrating 14 Years of Bitcoin!22. January 2023
•Fedi is launching a Bitcoin hackathon with a 2.1 BTC prize in celebration of Bitcoin’s 14th birthday
•Developers are encouraged to build out a Fedimint module that will bring real world benefits to users
•Fedimint is an open source custody platform that allows users to store and extend the functionality of their bitcoin with privacy, smart contracts, and more
Fedi, a technology company focused on building a Fedimint-based community custody platform, is celebrating Bitcoin’s 14th birthday with a special Bitcoin hackathon. The hackathon comes with a notable 2.1 BTC prize for the winner, and is open ended, meaning developers are free to code the functionality of their choice.
The goal of the hackathon is to encourage developers to build out a Fedimint module that will bring real world benefits to users. Fedi has shared some ideas of what those could be, such as modules that would enable a communal savings pool to accumulate bitcoin for a large project, storing value in a local currency like dollars, receiving payments privately via static QR codes or links (similar to CLN’s BOLT 12 offers), or operating a communal vote based spending pool.
Fedimint is an open source custody platform that allows users to not only store their bitcoin, but also extend the functionality of their bitcoin with privacy, smart contracts, and more. It is based on the concept of second-party custody, which involves trusting family members or friends with the custody of one’s bitcoin in a way that improves the trust and security models inherent in the classic centralized third-party custody solutions. And it leverages Federated Chaumian Ecash, which means users also gain privacy.
In a nutshell, Fedimint wallets have the potential to bring strong privacy to Bitcoin users with better security than third-party custody setups and more ease of use than fully-fledged self-custody solutions. Through the hackathon, Fedi aims to further improve Fedimint by providing a platform for developers to create applications and modules that will bring real world benefits to users.
“At Fedi, we believe that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet,” said Obi Nwosu, Fedi CEO, in a statement sent to Bitcoin Magazine. “Bitcoin was created to empower individuals to take back control of their own finances, and at Fedi, we’re committed to helping make that a reality. We are excited to launch this hackathon and see the amazing projects that our developers come up with!”
The hackathon is open to all developers, and the submissions will be judged on factors such as innovation, creativity, and practical application. The top three entries will receive the 2.1 BTC prize, with the first place winner receiving the full prize. So if you’re a developer looking to get involved in the Bitcoin ecosystem, this is a great opportunity to make some money and help further the development of Bitcoin’s technology. So check out the Fedi hackathon and start coding!