Tech company Fedi is launching a Bitcoin hackathon paying out 2.1 BTC to the winner to mark Bitcoin’s 14th anniversary.
Fedi is committed to building a Fedimint-based community custody platform and wants to encourage developers to build Fedimint modules that help bring real-world benefits to users.
Bounties are unlimited. This means developers can code whatever functionality they want. But of course they are encouraged to work on the things that matter most. Fedi offers modules that allow communal savings pools to accumulate bitcoin for large-scale projects, modules that store value in local currencies such as dollars, static QR codes or links ( CLN’s BOLT 12 Offer), or operate a joint vote-based spending pool.
Fedimint is an open-source custody platform that allows users to not only store Bitcoins but also extend Bitcoin’s functionality with privacy, smart contracts, and more. based on the concept of Second party custodyThis involves entrusting bitcoin custody to family and friends, improving the trust and security model inherent in traditional, centralized, third-party custody solutions.and it leverages Federated Chaumian Ecashwhich means the user also gets privacy. in a nutshellFedimint Wallet has the potential to bring strong privacy to Bitcoin users, with better security than third-party custody setups and easier-to-use than full-fledged self-custody solutions.
In a statement sent to Bitcoin Magazine, Fedi CEO Obi Nwosu said, “At Fedi, we believe Fedimint will be the ideal open platform for delivering consensus-based applications over the internet. “Bitcoin was created to be a peer-to-peer sound currency with complete privacy. , We are excited to have ideas for expanding Fedimints: using Bitcoin to solve real-world problems.”
Winners will be announced within 5 days of the submission deadline (January 31, 2023). 1st place will be awarded with 210 million satoshi (2.1 BTC) and a commitment to support the module in Fedi products. Her two runners-up will receive 21 million satoshi each, and the three honorable mentions will receive 2.1 million satoshi each.