Crust, Solana, Filecoin, Wanxiang, Chia, whose hackathon grant has the highest gold content?

In the second half of 2021, the bull market will gradually rise, and the encryption ecosystem will once again usher in a wave of small outbreaks. Correspondingly, the major annual hackathons kicked off at this time and became the focus of the second half of the year. Among them, the recently held 2021 million blockchain hackathon and Chia global hackathon have attracted much attention. In a short time, the technical atmosphere in the encryption field was enthusiastic.

But for many friends, hackathons and marathons seem to be a bit confused? What are the main points of the hackathon worth paying attention to? What is the difference between various multi-hackathon events? Whose hackathon Grant has the highest gold content? Today we will take you to find out and understand all kinds of hackathons.

A marathon in the programming world, how much do you know about hackathons?

Hackathon, translated as “programming marathon”, or “hackathon”. Originated in 1999, it refers to the activity of gathering a group of developers within a certain period of time to use computer technology to solve some practical problems.

The hackathon requires the participating teams to complete a certain development task within a fixed time, and the time setting ranges from one day, one week to one month. Hackathons are known as the cradle of the technical programming industry. In the early days, many Facebook and many other maker companies were born, and because of this, they became popular all over the world.

At present, there are more than dozens of hackathons related to the encryption field, such as the Ergo hackathon, Gitcoin hackathon, ETHGlobal hackathon, Wanxiang hackathon, and events organized by PlatON, Crust, Filecoin, and Chia. All kinds of hackathons basically run through from the beginning of the year to the end of the year, covering all types of ecological sectors such as DeFi, Web 3.0, Filecoin ecology, Chia ecology, and privacy protection.

Among the many hackathons, the Crust hackathons, Solana hackathons, Filecoin acceleration camps, Wanxiang hackathons, and Chia hackathons have received the most attention in the past two years. Before the official comparison, let’s take a look at the recent hackathons and their advantages and disadvantages:

Crust Hackathon:

The latest Crust Hackathon was successfully held in Texas, USA in mid-May this year, mainly for Web3 multi-sectors, supporting projects covering Ethereum ecology, Polkadot ecology, IPFS ecology, etc. Any potential project can participate after registration.

Eventually, the event attracted more than 100 outstanding developers and judges from the United States and internationally. The total value of the prize pool is 21,000 USD, which is distributed to all projects participating in the hackathon through voting.

Advantages: The threshold for participation is low, any potential project can be registered, and it is well-known in the central region of the United States.

Disadvantages: It is held offline in Texas, USA, it is inconvenient for other international teams to participate, and the prize pool is low.

Solana Hackathon:

The Solana hackathon was launched at the end of April this year and lasted for 2 months. It focused on the blockchain star project and required development around Solana, covering areas including decentralized transaction protocols, DeFi tools, lending protocols, etc. The winner of the hackathon was awarded 1 million US dollars, part of which was used for seed investment funds.

Perhaps due to the generous bonuses and the increase in Solana’s attention, the number of applicants for this hackathon has increased significantly. The number of contestants is close to 13,000, and more than 350 projects have been submitted, including 92 projects in Asia. It is one of the most influential events in 2021. .

Advantages: The prize pool is rich in prizes and has a high degree of attention. With the popularity of Solana, the influence ushered in a new high.

Disadvantages: Requires development around Solana, which is somewhat restrictive.

Filecoin acceleration camp:

The Filecoin acceleration camp started in November 2020 and lasted until March this year. It is one of the hackathons that have attracted much attention in the past two years. The Filecoin acceleration camp encourages participants to contribute to the Filecoin ecosystem for all projects developed and adopted by Web 3.0.

The founder of the Protocol Labs, Juan, will lead many big coffees to serve as review mentors. The selected team will receive $20,000 in start-up funding and have the opportunity to obtain a total of up to $1 million in investment at the end of the roadshow. In the end, among more than a hundred participating projects, 11 teams won in the final competition.

Advantages: The amount of bonus pool is high, the degree of technical exchange is deep, and potential projects can get all-round assistance from Filecoin.

Disadvantages: It is required to develop around the Filecoin ecosystem to promote the development of Filecoin, which is somewhat restrictive.

Wanxiang Hackathon:

The 2021 Wanxiang Blockchain Hackathon will officially start on August 3, and will last about 40 days. All project teams of all categories can participate. The main sponsors include Protocol Labs, Web3 Foundation and Qtum. Sponsor proposition.

The total bonus value provided by the organizers and sponsors has exceeded RMB 320,000. The champion team will have the opportunity to speak at the main venue of the Wanxiang Summit. Participants can challenge the main proposition of the contest and sponsors’ propositions at the same time through the same project, initiating an impact on multiple rewards and bonuses. Wanxiang Hackathon is the most influential and popular event in the encryption industry. It has a high degree of attention and is widely concerned and favored by angel investors.

Advantages: strong openness, high visibility, and extremely influential in Asia.

Disadvantages: The question type is more complicated, the competition is more intense, and the competition is fierce.

Chia Global Hackathon:

Chia Global Hackathon is hosted by Chia Network and Sirius Labs, covering DeFi, NFT, distributed data and chain games, etc. Since the official opening of applications in mid-August this year, more than 300 project registration applications have been received from more than 50 countries around the world.

The Chia Global Hackathon set up a global prize pool of 500,000 US dollars, of which a total prize pool of 100,000 US dollars is set up for the Asian region. In the future, it will provide 500,000 to 1 million US dollars of seed round incubation opportunities for high-quality projects.

Advantages: The bonus pool is generous, the influence is strong, and there are many potential investment and technology incubation opportunities.

Disadvantages: It is required to develop around the Chia ecology. There are many participating projects and the competition is fierce.

In-depth comparison, whose hackathon Grant has the highest gold content?

The holding of the hackathon, on the one hand, has greatly promoted technical exchanges and inspirational collisions in the encryption field, and provided flexibility for a large number of innovations; on the other hand, many technical projects with a solid foundation have emerged and were discovered by investors and the public. And attention.

Another common topic that accompanies it is, which hackathon grant has higher gold content? Below we will make a horizontal comparison from the five dimensions of registration requirements, question type difficulty, selection criteria, competition rewards, and intensity, so that everyone can have a detailed perception.

First of all, as far as the registration requirements are concerned, the major hackathons have maintained a great deal of openness. All new and old teams interested in the competition can register and participate, and Wanxiang supports individual registration and participation. Among them, Solana, Filecoin, and Chia require that the registered projects must be used in their own ecology or be able to innovate and integrate.

Regarding the difficulty of the question type, as far as the relevant information is concerned, the Wanxiang hackathon is the most difficult one, which is also the absolute highlight of the hackathon in the second half of 2021. First of all, Crust, Solana, Chia have medium difficulty requirements. Any project within the required scope can be registered according to their own technical situation. The proposition has a strong openness and is suitable for all Defi, DAO, NFT, Layer 2 and other theme projects. The limit depends on the real potential of the project. Wanxiang question types include challenge contest main propositions and sponsor propositions, with strong pertinence, such as requiring IPFS/Filecoin-based encrypted artwork, decentralized Dropbox, and having an impact on the Web3 world.

In terms of selection criteria, Wanxiang, Chia, Filecoin Acceleration Camp and Solana have the highest review requirements. Wanxiang’s schedule is online preliminary evaluation and offline finals, and has two selection criteria: community voting and professional judges selection. The project must have a repo link for submitting open source code and project design, source, technical complexity, creative usability and creation Strengthen the overall display. Chia requires open source projects and is compatible with the Apache 2.0 license. Open propositions have online selection and offline questioning sessions. As Chia’s popularity increases, competition for participating projects is fierce, and the difficulty of evaluation is gradually increasing. The Filecoin jury was personally on site by the founder, Juan, to evaluate the project’s technical ideas, application models, and scalability. The Solana hackathon is judged based on five unique factors: functionality, potential impact on DeFi, innovation, design, and composability. In addition to encouraging the construction of the DeFi protocol, developers can also create infrastructure or development tools that are beneficial to the Solana ecosystem.

Comparison of the difficulty of the major types of hackathons, for reference

In terms of the number of participants and the shortlisted projects, the most intense competitions are Filecoin Acceleration Camp, Wanxiang, Chia and Solana. In the first half of the year, more than 60 Crust hackathon entries were completed, and more than half of them received bonuses. In the Solana hackathon, a total of more than 100 projects participated and a total of 9 awards were awarded. The Filecoin acceleration camp has around 110 entries, 11 of which were shortlisted for the prize. Chia participated in more than 350 projects, and a total of 35 projects were shortlisted. It is estimated that the Wanxiang Hackathon will participate in more than 100 projects, and the awards including sponsors and sponsors are expected to be around 20.

In the competition awards, the Crust hackathon prize pool was 21,000 US dollars, the Solana hackathon prize pool and seed fund prizes totaled 1 million US dollars, the Filecoin acceleration camp prize pool was 1.2 million US dollars, and the Wanxiang hackathon prize pool exceeded 380,000 yuan (approximately 6 Ten thousand dollars), Chia’s total prize pool is as high as 500,000 U.S. dollars, and seed round incubation opportunities ranging from 500,000 to 1 million U.S. dollars. In addition to real bonuses, winning projects can better invest in potential capital, and the importance can be imagined.

Sign up for the two major events and watch the hackathon potential dark horses in the second half of the year

After having an overall understanding of the major hackathons, I believe everyone is curious about what specific projects can stand out in the major events. In fact, among the many participating projects in this year’s hackathon, there are many dark horse-level potential projects. For example, SINSO, a distributed medical data project that rose to fame in 2021, is currently a popular potential stock in the medical field. Its Malawi, South Africa International medical assistance projects are already in the stage of application.

It is reported that SINSO, who has experienced medical IT and blockchain development experience, regards 2021 as a “leapfrog year”. In the first half of the year, he participated in the Crust Hackathon and the Filecoin Acceleration Camp respectively, and was successfully shortlisted and won the award. Filecoin acceleration camp is considered to be the most concerned and gold-rich event in the past two years. The latest news shows that SINSO has registered for Wanxiang Hackathon and Chia Global Hackathon respectively.

Filcoin officially reported that SINSO was shortlisted for the award

It is understood that SINSO is a medical image data aggregator for telemedicine and AI diagnosis. It can provide high-quality remote diagnosis and treatment services and then solve the problem of authenticity of patient data. It motivates users through NFT issuance templates customized for medical data. Actively participate in data confirmation, help users strengthen the process of data collection and data asset conversion, and strengthen the flow of medical data. SINSO has also carried out in-depth integration and innovation with the current popular NFTs, which can provide doctors with the issuance of branded NFT virtual assets, and further promote doctors to move towards free practice in an all-round way. SINSO is committed to building the SINSO DAC ecosystem based on WEB3 technology, and jointly promoting human society into the era of decentralized medical care.

In terms of technical highlights, SINSO has a complete medical data decentralized infrastructure architecture. SINSO Getway can provide data collection standard API interfaces, data preprocessing and privacy calculation modules, and support data exchange with individuals and institutions through standard APIs; NFTs can provide Various medical data templates, aggregate data purchaser resources, and promote the NFT application of medical data.

In terms of team structure, SINSO’s Global Technology Leader Franklin Jiang has 15 years of R&D experience in the medical IT field. He is the founder of the earliest Ethereum medical research and development team in Asia, an expert on IPFS distributed storage applications, and is also sponsored by the global web3 medical foundation. people. SINSO CTO Sum Xia, has 5 years of blockchain industry programming experience, rich experience in large-scale medical blockchain project architecture; rich experience in distributed services, high concurrency, and high availability applications; a large number of system diagnostics and tuning Practical experience. Another important person of SINSO is Rain Xia, a product expert, currently serving as SINSO CSO, integrating Silicon Valley Fl product mentor, investor, and PPtutor (the world’s third-largest overseas education project) strategic consultant, has an excellent product strategic vision.

According to industry insiders, in terms of the topics and evaluation criteria of the current major hackathons, SINSO has significant advantages in terms of project maturity, professional tackling capabilities, technical research and development capabilities, team composition, and prospective applications. In the earlier Filecoin acceleration camp, it was even more impressive to propose “how to fight the global new crown epidemic through SINSO based on the Filecoin network”, and won the excellent ranking in the fiercely competitive Filecoin acceleration camp, and was highly affirmed by Filecoin. Considering the high demand for medical data on the existing distributed storage network (medical data requires extremely high storage space and time), SINSO is widely optimistic in Chia and Wanxiang hackathons this time, and is expected to hit the first prize.

Conclusion:

With open competition experience and broad stage display opportunities, the holding of numerous hackathons has provided a steady stream of new momentum for the development of the encryption ecosystem. For many new and old teams that are in the growth and development period, in a market full of opportunities, who can stand out is to play on the field, rely on technology, and see the difference. At present, the 2021 Wanxiang Blockchain Hackathon and the Chia Global Hackathon have been launched one after another, you can pay more attention to it.