Wed. Feb 28th, 2024

• Fedi, a tech company, will be hosting a Bitcoin hackathon with a 2.1 BTC reward for the winner.
• The goal of the hackathon is to build a Fedimint module that will bring real world benefits to users.
• Fedimint is an open source custody platform that allows users to store their bitcoin with improved trust, security, and privacy models.

Fedi, a technology company focused on building a community custody platform, is launching a Bitcoin hackathon with a 2.1 BTC reward for the winner in celebration of Bitcoin’s 14th birthday. This hackathon is an exciting opportunity for developers to create a Fedimint module that will bring real world benefits to users.

Fedimint is an open source custody platform that enables users to store their bitcoin with improved trust, security, and privacy models. It is based on the concept of second-party custody, meaning users can trust family members or friends with the custody of their bitcoin in a way that is more secure and trustworthy than traditional centralized third-party custody solutions. Furthermore, it leverages Federated Chaumian Ecash, enabling users to 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.

The bounty for the hackathon is open ended, meaning that developers have the freedom to code the functionality they desire. However, they are encouraged to focus on modules that would drive the most impact. Some ideas of what these could be 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.

At Fedi, they believe that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet. This hackathon is an exciting opportunity to bridge the gap between real world applications and Bitcoin, and the winner of the hackathon will be rewarded with 2.1 BTC. Developers who are interested in participating in this hackathon should visit the Fedi website for more information.

By admin