• Fedi is launching a Bitcoin hackathon to celebrate Bitcoin’s 14th birthday, offering 2.1 BTC to the winner.
• The hackathon encourages developers to build out a Fedimint module to bring real world benefits to users.
• Fedimint is an open source custody platform that allows users to store their bitcoin and extend its functionality with privacy, smart contracts, and more.
In celebration of Bitcoin’s 14th birthday, technology company Fedi is launching a Bitcoin hackathon with an enticing reward of 2.1 BTC for the winner. The hackathon is designed to encourage developers to build out a Fedimint module that will bring real world benefits to users.
Fedi is focused on building a Fedimint-based community custody platform that can improve on the trust and security models inherent in classic centralized third-party custody solutions. Fedimint is an open source custody platform that allows users to store their bitcoin and extend its functionality with privacy, smart contracts, and more. The platform leverages Federated Chaumian Ecash, meaning users also gain privacy.
The hackathon bounty is open ended, meaning that developers can code the functionality they want. To incentivize developers, Fedi shared 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, or receiving payments privately via static QR codes or links.
Obi Nwosu, Fedi CEO, said in a statement sent to Bitcoin Magazine, “At Fedi, we believe that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet. Bitcoin was created to give users a more secure and private way to transact, and Fedimint will help users take advantage of that.”
The hackathon is an exciting opportunity for developers to get involved in the Bitcoin space and to potentially win a generous reward. It is also a great chance to help Fedi build out their Fedimint platform and help Bitcoiners take advantage of the privacy and security that the platform can offer. Developers can learn more about the hackathon and the Fedimint platform by visiting Fedi’s website.