Crypto Gloom

Are you interested in tokenized assets and smart contracts? Join the latest sCrypt hackathon

Crypto currency News
By Crypto Gloom

Developers looking to pursue a career on the BSV blockchain should take a look at the latest sCrypt Hackathon, which is currently accepting applications. The sCrypt Hackathon is a two-part event, with an in-person introductory portion taking place in San Francisco from March 16-17, and a main online component from March 18-April 18, 2024.

The topic of the sCrypt Hackathon is smart contracts (using the sCrypt environment) and token development using Ordinals. This completes the vision for contracts and tokens running on the Bitcoin network with the recent addition of support for Ordinals to the sCrypt platform.

sCrypt CEO Xiaohui Liu told CoinGeek that he wants the hackathon to become a regular event on the BSV blockchain calendar, giving budding developers a chance to focus on exciting new technologies.

The sCrypt Hackathon, held at the University of Exeter in June 2023, attracted over 1,000 participants. A Chinese language event was held soon after at Fudan University.

“I want this to become a recurring event for Bitcoin developers and make building on Bitcoin fun,” Liu said. “We aim to create an environment where builders can experiment with new technologies, collaborate with colleagues and share their architectural experiences. COPA and
It’s interesting to discuss NAR, but technology will still be the #1 factor for Bitcoin to succeed IMO.”

He added, “We expect to see a variety of apps combining sCrypt and Ordinals that were not possible before.”

There will be an evening gathering for attendees on March 15, which will be livestreamed immediately prior to the two-day in-person conference event. The second long segment, running from March to April, will be held online (hosted by DEVPOST, like previous events) and open to the public.

To register, fill out the application form here.

Liu said developer competition is increasing in the BSV blockchain space, as sCrypt’s move to TypeScript/Javascript has made talent “orders of magnitude easier to find.” This means that Web2 developers, regardless of their background, can now program Bitcoin-based smart contracts using the knowledge and tools they already have, without having to learn a new programming language.

He added that he is particularly interested in projects that tokenize assets of real, rather than speculative, value and control transfers through smart contracts.

An event held at the University of Exeter last year looked at issues including selective disclosure using encrypted data and smart contracts on the blockchain, taking full advantage of sCrypt’s development tools combined with the speed and scalability of the BSV blockchain. It was a broad exploration of what was possible.

Projects were evaluated based on how close they were to a working product and front-end production, how well they leveraged the BSV blockchain and scripting capabilities, and how expertly they presented their ideas.

The sCrypt Hackathon created blockchain-based car rental platform DriveOnChain, solar energy trading marketplace SolarBitTrade, and a tracker called SVer to prevent misuse of government grant and allowance funds.

In addition to the opportunity to build and receive feedback on real-world projects, sCrypt Hackathon winners will also receive cash prizes to help them turn their ideas into full-time jobs that benefit real people in the real world. As always, the scalability, economics, security, and speed of the BSV blockchain all help create the kind of digital economy that Bitcoin promised years ago, without unnecessary disruption or artificially set limits.

See: University of Exeter’s sCrypt Hackathon – Building smart contracts using blockchain

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Are you new to blockchain? To learn more about blockchain technology, check out CoinGeek’s Blockchain for Beginners section, our ultimate resource guide.

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