Celebrate Bitcoin’s Birthday and Win 2.1 BTC at Fedi’s Hackathon!
• Fedi, a technology company, is launching a Bitcoin hackathon that will pay out 2.1 BTC to the winner in celebration of Bitcoin’s 14th birthday.
• The bounty is open ended, meaning that developers can code the functionality they want; but they are incentivized to work on what would drive the most impact.
• 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.
Fedi, a technology company focused on building a Fedimint-based community custody platform, is launching a Bitcoin hackathon in celebration of Bitcoin’s 14th birthday. The hackathon will pay out 2.1 BTC to the winner, and is open ended, meaning that developers can code the functionality they want; but they are incentivized to work on what would drive the most impact.
Fedi is looking for developers to build out a Fedimint module that will help bring real world benefits to users. Some of the ideas they have proposed include 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.
“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 give people control over their own money and we’re excited to work with developers that can help us make this a reality.”
The hackathon is open to developers from around the world and the submission deadline is set for July 7th. The winner will be selected by a panel of judges comprised of industry experts, and the winner will be announced on July 21st.
Fedi is inviting developers to join the hackathon and help build the Fedimint platform. As the world celebrates Bitcoin’s 14th birthday, this hackathon is an opportunity for developers to make a real impact on how people use and store their bitcoin.