Celebrate Bitcoin’s 14th Birthday with Fedi’s 2.1 BTC Hackathon

• Fedi, a technology company, is launching a Bitcoin hackathon with a 2.1 BTC prize to celebrate Bitcoin’s 14th birthday.
• Developers are encouraged to build a Fedimint module that would bring real world benefits to users. Ideas include communal savings pools, storing value in local currencies, private payments, and more.
• Fedimint is an open source custody platform that uses second-party custody and Federated Chaumian Ecash for improved trust, security, and privacy.

Fedi, a technology company, is celebrating the 14th birthday of Bitcoin with a special hackathon. The winner of the hackathon will receive a grand prize of 2.1 BTC. The purpose of this hackathon is to encourage developers to take advantage of the Fedimint platform to create modules that benefit users in the real world.

Fedimint is an open source custody platform that is based on the concept of second-party custody. This means that users can trust family members or friends with the custody of their Bitcoin in a way that is more secure and trustworthy than traditional centralized third-party custody solutions. It also utilizes Federated Chaumian Ecash, which enhances the privacy of users. By leveraging this technology, users can store their Bitcoin with strong privacy, better security, and more ease of use than fully-fledged self-custody solutions.

The developers participating in the hackathon are free to code the functionality they desire, but they are incentivized to create modules that would drive the most impact. Some ideas that the company has shared include modules that enable communal savings pools to accumulate Bitcoin for a large project, store value in a local currency like dollars, receive payments privately via static QR codes or links, and operate a communal vote-based spending pool.

Fedi hopes that this hackathon will encourage developers to take advantage of the Fedimint platform to build out modules that bring real world benefits to users. The company believes that Fedimint is the ideal open platform for the delivery of consensus-based applications and that Bitcoin was created to bring financial sovereignty to the world. With the right modules, Fedi believes that this hackathon will help achieve these goals.