Blockchain Firm Solana To Launch Global Hackathon With $1M in Prizes
The Solana Foundation has introduced that it’s launching a worldwide hackathon targeted on Web3, DeFi, and NFT options.
Solana claims to be the world’s first web-scale blockchain that delivers layer 2 efficiency with layer 1 safety and ease. It claims to realize huge efficiency leaps by a set of coordinated optimizations that attain deep into how code compiles on the processor stage. It at the moment helps 50-65okay transactions per second and 400ms block occasions, with 50 nodes on its public testnet. It is particularly constructed to scale transaction throughput with out sacrificing decentralization or safety. The core Solana innovation is Proof of History (POH), a globally-available, permissionless supply of time within the community that works earlier than consensus.
The Solana Season hackathon will happen over the course of three weeks beginning on May 15. The hackathon will likely be open to groups throughout the globe, with regional and use case/vertical tracks in China, India, Eastern Europe, and Brazil.
It can have a worldwide prize pool of $400okay in addition to potential seed funding, including as much as $1 million in prizes.
It can even have notable judges and audio system similar to Balaji Srinivasan, Kevin Rose, Sam Bankman Fried, Robert Leshner, Anatoly Yakovenko, and extra.
There will likely be extra prizes for regional tracks together with Eastern Europe monitor which can have a $155okay prize pool with contributions from Hacken, Gate.io, Serum, Velas, HAPI, and Akash Network. China monitor with $125okay in prizes coming from Solana Foundation, Serum, and Raydium. India monitor which can have a $50okay complete prize pool and contributions from Solana Foundation, Devfolio, and CoinDCX. Brazil will see a $25okay prize pool with assist from BRZ Brazil, Foxbit, Bitpreço, NOX Bitcoin, and Alterbank.
“It is exciting to watch the blockchain ecosystem adapt as it continues to make significant progress. That is why we are hosting a third hackathon,” stated Anatoly Yakovenko, President of the Solana Foundation. “We want to be a part of the development of projects spanning across nations as we believe they will be invaluable in unlocking the potential of blockchain. It is the foundation’s goal to provide the additional help these projects need to support and grow our community.”