Ethereum, Tezos and Stellar Support Hackathon to Increase Crypto Utility
Representatives of five blockchain projects – Ethereum, Tezos, Stellar, Oasis and NEAR – have agreed to support an online hackathon aimed at increasing the practical value of cryptocurrencies and related products, writes The Block.
The event, which will be held from August 5 to September 22, will be organized by IDEO CoLab and the CoinList token sale platform. Participants will be invited to engage in the creation of blockchain applications and projects that can “radically” simplify the interaction experience and attract new users to cryptocurrencies.
As examples of projects for participation in the hackathon, the partners name an automated solution for creating and verifying proofs of authenticity on the blockchain, a payment-oriented interface for peer-to-peer exchanges, the integration of cryptocurrencies into services such as YouTube and Reddit, etc..
By September 9, the participants of the event should have completed developments, which they will then be invited to show in action by distributing to end users.
Five teams that will create projects on five protocols will receive $ 2,000 each. In addition, for the first and second places there are prizes of $ 10,000 and $ 5,000, respectively..
Earlier this month, IDEO CoLab launched its own blockchain startup accelerator with the support of companies and projects such as Fidelity, Deloitte, Amazon, Ethereum Foundation, ETH Global, Stellar Foundation and Messari.
FTX CEO: Even Ethereum 2.0 Will Not Be Enough to Unleash DeFi’s Potential Founder of the FTX cryptocurrency exchange Sam Bankman-Fried believes that Ethereum is not…
Ethereum main client ready for January hard fork Most common Ethereum client software has received an update including the necessary procedures…
Ethereum miners’ revenues in October fell to $ 214 million amid a sharp decline in fees Ethereum cryptocurrency miners earned $ 214 million in October, which…
Ethereum crossed $ 1,000 for the first time Ethereum broke the $ 1,000 level for the first time this Thursday, thus completing a whole series of records,…
Binance and Polychain Support Founders Bank Crypto-Bank of Malta Founders Bank Raises $ 10 in Cryptocurrency Industry…