• Fedi is launching a Bitcoin hackathon to celebrate Bitcoin’s 14th birthday and will offer a 2.1 BTC prize to the winner.
• The bounty is open ended and developers are encouraged to work on modules that would enable a communal savings pool, store value in a local currency, facilitate private payments, or operate a communal vote-based spending pool.
• Fedimint is an open source custody platform that allows users to store their bitcoin with improved trust and security models, as well as privacy provided by Federated Chaumian Ecash.
Fedi, a technology company focused on building a Fedimint-based community custody platform, is announcing a Bitcoin hackathon in celebration of Bitcoin’s 14th birthday. The hackathon encourages developers to build out a Fedimint module that will bring real-world benefits to users, and the winner will be rewarded with 2.1 BTC.
Fedimint is an open-source custody platform that allows users to store their bitcoin with improved trust and security models. 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. Fedimint also leverages Federated Chaumian Ecash, which means users also gain privacy.
The bounty for the hackathon is open ended, meaning that developers can code the functionality they want. However, Fedi has 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, commented, “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 bring us closer to a future where individuals have full control of their financial destiny. With the Fedimint wallet, we are taking the first steps towards building a secure and private platform to store and share value.”
The hackathon is open to developers of all levels of experience, and is a great opportunity for anyone looking to hone their skills and get rewarded for their hard work. The winner will be selected based on their code’s impact and usability, and the deadline to submit your project is December 14th. So if you’ve got a great idea for a Fedimint module, don’t hesitate to give it a shot and join the hackathon!