In October, ETHWaterloo will host the world’s largest Ethereum hackathon dedicated to the development of innovative decentralized applications (Dapps).
During a 36-hour hackathon from October 13 to 15, the developers will collaborate with the co-founders and inventors of Ethereum. Vitalik Buterin, Joseph Lubin, William Mougayar, Joey Krug, Stephan Tual and Jeff Coleman will participate as speakers, mentors and judges to help developers create smart, efficient, safe and convenient contracts. applications based on the Ethereum block chain.
“This fall, developers from around the world will travel to Waterloo, Canada, to build decentralized applications on the world’s largest Ethereum hackathon.” ETHWaterloo will give ambitious and talented developers the opportunity to work with the inventors of Ethereum for a hackathon. 36 hours, “said the ETHWaterloo team.
According to the official announcement of ETHWaterloo, the hackathon will take place in the Canadian city of Waterloo, where Buterin left the University of Waterloo to create the Ethereum blockchain network. The hackathon will take place at the Center for International Governance Innovation in Waterloo and more than 60 development teams have been invited to participate in the event.
In addition, the ETHWaterloo team explained that they believe that Ethereum is at a critical point in terms of development and growth. It has grown dramatically in recent years, but as has been pointed out by many experts, including Fred Ehrsam, co-founder of Coinbase, Etereum must evolve proportionally and one of the solutions that the Etereum foundation is actively developing evidence of consensus protocol participation.
“Despite this incredible growth, however, the network still needs more engineers to build its core infrastructure, and researchers are moving towards solutions such as the testing of a problem, state channels and fragmentation, and developers who they create useful applications in the real world, “said the ETHWaterloo team.
Earlier this month, JP Vergne, a professor at Ivey Business School, said that developers’ activity around the blockchain network is the best way to assess their value.
“We have found that the best predictor of the exchange rate of a cryptocurrency is the amount of development activity that surrounds it,” Vergne said.
The Hackathons such qu’ETHWaterloo aim to facilitate the development of innovative decentralized applications, but also to find developers and programmers who can contribute to the development and scaling of the Etereum protocol used by some of the largest global companies billions of dollars, including Microsoft , JP Morgan and Goldman Sachs.
At the time of writing, ETHWaterloo did not disclose any reward or incentive to the winning development team. The winning development teams will likely receive funding to further develop their decentralized applications and will be invited to work with the Ethereum development team to expand the network and focus on the implementation of important technologies such as protocol. of consensus.