• Fedi, a technology company, is launching a Bitcoin hackathon to celebrate Bitcoin’s 14th birthday.
• The hackathon has an open-ended bounty, incentivizing developers to work on modules that have real-world benefits for users.
• The hackathon winner will be awarded 2.1 BTC and Fedimint, an open source custody platform, is the foundation for projects.
Fedi, a technology company focused on building a Fedimint-based community custody platform, is launching a Bitcoin hackathon to celebrate Bitcoin’s 14th birthday. The hackathon has an open-ended bounty, incentivizing developers to work on projects that will bring real-world benefits to users. The winner of the hackathon will be rewarded with 2.1 BTC.
Fedimint is an open source custody platform that allows users to store their Bitcoin securely, as well as 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. The platform leverages Federated Chaumian Ecash, which means users also gain privacy.
The hackathon is open to developers of all skill levels. The goal is to build out a Fedimint module that will help bring real world benefits to users. As an incentive, developers will be able to win 2.1 BTC if their projects are deemed the most impactful. Fedi shared some ideas of what those could be, including 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.
Fedi believes that Fedimint will become an ideal open platform for the delivery of consensus-based applications on the internet. The hackathon is an opportunity for developers to put their skills to the test and build something that will have a real impact on the Bitcoin ecosystem. The deadline for submissions is April 15th, 2021 and the winner will be announced on April 22nd.