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What to Expect as Pi Network Announces Plans for New Hackathon Program
May 26, 2023
MINS
The Hackathon is designed to be highly automated and will commence monthly from June 1st.
TL;DR:
- Pi Network is launching a monthly Hackathon program starting June 1st, generating excitement within the community.
- The program fosters creativity, collaboration, and innovation within the Pi Network and the broader blockchain ecosystem.
- Participants will work on creating innovative dApps on the Pi Network Testnet, with specific themes and problem statements announced by the Pi core team.
- The Hackathon program encourages community participation, offers prizes and incentives, facilitates networking with industry experts, and may lead to ongoing support for promising projects.
Pi Network Announces Exciting Monthly Hackathon Program
Pi Network, the innovative mobile mining cryptocurrency project, has recently announced its plans to launch a new monthly Hackathon program starting June 1st. The initiative, designed to be a highly automated and repeatable process, has generated great anticipation within the Pi Network community and beyond after the recently concluded Q1 Hackathon was a huge success.
With the promise of fostering creativity and supporting the Pi ecosystem development, the Hackathon program holds immense potential for shaping the future of Pi Network and the broader blockchain ecosystem.
For those unfamiliar with the concept, the Pi Network hackathon is an event where programmers, developers, designers, and other tech-savvy individuals work intensively on creating innovative Decentralized Applications (dApps) on the Pi Network Testnet.
The Hackathon typically spans a defined timeframe, during which participants collaborate to develop innovative solutions, often centered around a specific theme or objective.
Pi Network's decision to organize a monthly Hackathon program aligns perfectly with its core principles of decentralization, community-driven growth, and empowering individuals. By opening the doors to creative minds across the globe, the Pi Network team aims to tap into the vast potential of its community members and harness their collective intelligence to drive the development of groundbreaking applications, tools, and services.
So, what can we expect from Pi Network's Monthly Hackathon program? Let's delve into some key aspects:
Theme and Focus
Every hackathon typically revolves around a central theme or problem statement. For example, during the last Hackathon, participants were instructed to build applications based on three themes: Social Media, Games/Entertainment, and Consumer utilities.
From June 1st, the Pi core team will announce the themes, and developers and community leaders will start submitting their applications on the Brainstorm portal to enter the monthly Hackathon. However, BSC News expects the protocol to use a similar theme as the previous hackathon.
Community Participation
One of the defining characteristics of Pi Network is its vibrant and engaged community. Therefore, the Hackathon program is expected to provide an ideal platform for community members to actively contribute to the network's growth.
Pioneers, already part of a flourishing ecosystem, can showcase their skills and knowledge, collaborating with like-minded individuals from diverse backgrounds. This collective effort has the potential to result in groundbreaking ideas and innovative solutions that can shape the future of Pi Network.
Prizes and Incentives
The Pi core team often offers prizes and incentives to encourage active participation and reward exceptional talent. While specific details regarding the prizes for Pi Network's Hackathon program are yet to be announced, participants can anticipate rewards.
These incentives drive participation and motivate individuals to push their creative boundaries and deliver exceptional outputs.
Networking and Learning Opportunities
Hackathons provide an excellent opportunity for networking and learning from industry experts and fellow participants. Pi Network's Hackathon program will facilitate connections between participants, Pi Network core team members, and influential figures from the blockchain and cryptocurrency space.
This networking aspect can lead to valuable collaborations, mentorship opportunities, and exposure to the latest trends and developments in the field.
Post-Hackathon Impact
The true value of a hackathon lies not only in the event itself but also in its impact beyond its conclusion. Therefore, Pi Network's Hackathon program aims to foster long-term engagement and sustained development efforts.
Promising projects that emerge from the hackathon may receive ongoing support from the Pi Network team, including mentorship, access to resources, and potential integration into the Pi Network ecosystem, when open mainnet goes live. This continuity ensures that the innovative ideas generated during the hackathon have a genuine chance to materialize and contribute to the growth of Pi Network.
The Hackathon program offers participants an opportunity to showcase their skills, work on real-world challenges, and contribute to advancing blockchain technology. In addition, the event will foster a spirit of teamwork and creativity as participants collaborate and exchange ideas, pushing the boundaries of what is possible within the Pi Network framework.
The upcoming launch of Pi Network's Hackathon program on June 1st promises to be an exciting milestone for the Pi Network community and the broader blockchain ecosystem.
With its focus on collaboration, innovation, and community-driven development, the Hackathon program has the potential to uncover groundbreaking ideas, foster meaningful connections, and shape the future of Pi Network.
Participants can look forward to an enriching experience, valuable prizes and incentives, and the opportunity to leave a lasting impact on the Pi Network ecosystem. As the countdown begins, the anticipation for the Hackathon program continues to grow, and the possibilities for the future of Pi Network are boundless.
Stay tuned for more updates and announcements from Pi Network as the Hackathon program unfolds, and mark your calendars for June 1st to witness the start of an exciting journey in the world of blockchain innovation.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Guardians of Privacy: How ZK Technology Can Transform NFTs for the Better
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June 1, 2023
With enhanced security measures and privacy preservation, ZK-powered NFTs offer participants a more inclusive and diverse ecosystem.
Privacy Meets Authenticity
In the world of blockchain technology, privacy, and decentralization are often regarded as essential elements. However, many blockchain networks prioritize consensus algorithms and stability over anonymity and trust. This raises questions about the level of privacy and decentralization offered by blockchain networks.
One of the most promising solutions to address these concerns is Zero-Knowledge Proof (ZKP) technology. ZKP is an encryption system introduced by MIT researchers Silvio Micali, Shafi Goldwasser, and Charles Rackoff in the 1980s. It allows one party (Prover) to prove the truth of a specific statement to another party (Verifier) without revealing any additional information.
ZKP ensures that only the intended recipient (you) can access your secured data, providing higher privacy and security. Zero-Knowledge Proof has emerged as a significant development in the pursuit of improved privacy in the blockchain era.
Meanwhile, NFTs have revolutionized digital ownership by creating a market for unique and indivisible digital assets. These assets range from artwork and collectibles to virtual real estate.
While NFTs have gained immense popularity, concerns about privacy, security, and authenticity persist. This is where Zero-Knowledge (ZK) technology enters the picture, offering a potential solution to enhance the NFT ecosystem.
In this article, we delve into the impact of ZK technology on NFTs, exploring the positive transformations it brings while considering potential drawbacks.
Positive Impact of ZK Technology on NFTs:
Uncompromised Privacy and Security:
Zero-knowledge proof allows individuals to verify their identity without revealing any sensitive information. Using a decentralized identity, users can verify that they are citizens of a country without giving their name or passport number instead of providing identity details.
NFT ecosystems can benefit from unprecedented levels of privacy and security provided by ZK technology. By utilizing zero-knowledge proofs, NFT owners can verify their ownership and authenticity without disclosing sensitive information or compromising their identities.
This privacy enhancement mitigates the risk of fraud and identity theft, fostering trust and confidence among NFT participants. As a result, individuals have more control over their data when using ZKP-based identity protocols.
Anti-Counterfeiting Measures:
Counterfeit assets pose a significant challenge in the NFT ecosystem, threatening the integrity and value of digital assets. However, Zero-Knowledge (ZK) technology emerges as a powerful tool to combat counterfeiting and ensure the authenticity of NFTs.
It serves as a cryptographic mechanism that allows one party to prove the validity of a statement to another party without disclosing any additional data. In the context of NFTs, the owner or creator of an NFT can provide evidence of ownership and authenticity without revealing any details that could be used to counterfeit or replicate the asset.
ZK technology also assists in establishing the provenance and history of an NFT. By utilizing zero-knowledge proofs, creators can demonstrate the creation and ownership of an asset without disclosing confidential information.
Thus, ZK technology can be vital in combating counterfeiting in NFT.
Empowering Efficient Marketplaces:
By leveraging zero-knowledge proofs, ZK technology can enable NFT sellers to verify the validity of their NFT assets while preserving their privacy. The privacy feature is particularly valuable in scenarios where sellers may be high-profile individuals or institutions who wish to maintain confidentiality.
Moreover, ZK-powered NFT marketplaces enable efficient and secure transactions. The technology allows for verifying ownership and the integrity of the NFTs without the need for extensive and time-consuming manual checks.
This mitigates the risk of fraudulent activities, such as double-spending or unauthorized modifications of NFT ownership records. The process saves time and reduces transaction costs, making it easier for buyers and sellers to participate in the NFT market.
Therefore, ZK technology can transform NFT marketplaces, revolutionizing how NFTs are bought and sold.
The current state of zero-knowledge proof, however, presents some challenges as well.
Technical Expertise Barrier with Zero-Knowledge Proof
Integrating ZK technology into NFT ecosystems may impose computational overhead, potentially slowing transaction processing times. Further, the successful integration of ZK technology into NFT platforms demands technical expertise, which may hinder broader adoption among less tech-savvy individuals. Moreover, the intersection of ZK technology and NFTs raises regulatory and legal considerations.
However, ongoing algorithm advancements and optimization techniques aim to mitigate the current challenges, paving the way for smoother operations. Simplifying user experiences and providing intuitive interfaces will be essential to make ZK-powered NFTs accessible to a wider audience. Furthermore, to foster responsible innovation in this space, it is crucial to strike the right balance between privacy, security, and compliance.
Integrating ZK technology within the NFT ecosystem unlocks vast possibilities for enhanced privacy, security, and trust. Through zero-knowledge proofs, NFTs can flourish as a secure and transparent medium for digital ownership. While challenges such as computational demands and accessibility must be addressed.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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