Win 2.1 BTC: Fedi Launches Bitcoin Hackathon to Revolutionize Finances

• Technology company Fedi is launching a Bitcoin hackathon with a reward of 2.1 BTC for the winner.
• The hackathon encourages developers to build out a Fedimint module that will bring real world benefits to users.
• Fedimint is an open source custody platform that leverages Federated Chaumian Ecash and provides strong privacy, better security, and ease of use.

Technology company Fedi is launching an exciting Bitcoin hackathon in celebration of Bitcoin’s 14th birthday, offering a reward of 2.1 BTC to the winner. Fedi is focused on building a Fedimint-based community custody platform, so the hackathon is designed to encourage developers to build out 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 and extend its functionality 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.

The hackathon is open ended, meaning that developers can code the functionality they want; but they are, of course, incentivized to work on what would drive the most impact. 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.

Obi Nwosu, Fedi CEO, shared in a statement sent to Bitcoin Magazine that “At Fedi, we believe that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet. Bitcoin was created to give individuals more control over their finances and to enable them to take part in a global financial system without needing to rely on traditional banking infrastructure. With Fedimint, we are aiming to bring this same level of control, access, and financial inclusion to users of the Bitcoin network.”

The hackathon is a great opportunity for developers to create projects that will bring real world benefits to users and be rewarded for their efforts. If you’re a developer, don’t miss this chance to build something that could revolutionize the world of Bitcoin and make you eligible for the 2.1 BTC bounty.