August 5, 2021

Vite Labs introduces inaugural blockchain hackathon– approximately $1M VITE in rewards

7 min read

Vite Labs, home builders of Vite, a DAG-based wise agreement blockchain platform, has actually announced the launch of its inaugural hackathon with rewards of up to$1M in native VITE tokens. This hackathon is an open invite to blockchain developers all over the world to help develop the

Vite ecosystem. The hackathon will be running from June 16, 2021, until July 7th, 2021.

“Come develop on the Vite network! Vite Labs is a proud sponsor of Gitcoin’s Grants Round 10 Hackathon and will be giving away benefits up to 1 million VITE. Vite is the world’s first working DAG-based smart contract platform. We created and developed the Vite mainnet from the ground up to make it possible for lightning-fast deals with no costs. To accommodate the asynchronous structure of Vite, we created the programs language Solidity++ based upon the original Solidity. Vite utilizes Hierarchical Delegated Proof of Stake (HDPoS) as the consensus procedure and a Snapshot Chain to guarantee network security. In addition, we have actually piloted a distinct Quota system that helps with complimentary transactions along with supplies an additional layer of security. Within the Vite ecosystem, we have developed a decentralized exchange ViteX, the first of its kind based upon DAG.”
– – The Vite Labs Team

Reasons to Build on Vite Unique and differentiated platform based upon DAG that allows complimentary and quick payments and smart contract deals Existing items to build on (e.g., ViteX )< li id =" 2b66 "class =" gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz ha hb is hd he hf it hh hi hj im in io ei"data-selectable-paragraph=" ">

Dev support/tooling An enthusiastic and growing community An opportunity to join Vite full-time< h3 id="d447"class="hl hm dl bo hn ho hp gr hq hr hs gv ht hu hv hw hx hy hz ia ib ic id ie if ig ei"> Prizes Hackathon individuals can specify their own jobs. The Vite group is broadly classifying all jobs into the following 3 types. Below are a couple of examples for each type as a recommendation. Prizes will depend on the usefulness, quality, and imagination of the completed tasks.< p id =" 44f1 "class =" gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei"data-selectable-paragraph="" > 1. Facilities Category( examples below, individuals are complimentary to propose their own )< li id =" 4337 "class =" gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf
  • hg hh hi hj im in io ei” data-selectable-paragraph=””> General improvement of Vite procedure EVM compatibility Asynchronous Smart Contract programming language spec and compiler execution IDE: Remix/ Truffle integration. Mobile Wallet(Android/ iOS ) Prize Guidelines:< li id =" c767 "class =" gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj im in io ei"data-selectable-paragraph=""> Significance of system improvement

  • The seriousness of bugs determined 2. Application Category(examples listed below, individuals

    are totally free to propose their own

    • ) Payment entrances AMM

      • Prediction market
      • Social wallet Vanity address< li id =" 2eaf" class =" gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz ha hb is hd he hf it hh hi hj im in io ei"data-selectable-paragraph="" > Decentralized staking swimming pool Prize Guidelines: Creativity Usability Ability to bring in more users to Vite 3. ViteX Category (examples listed below, individuals are complimentary to propose their own) Custodial gateways(based upon Rosetta API)< li id =" b40e "class="gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz ha hb is

      hd he hf it hh hi hj im

      • in io ei”data-selectable-paragraph =””> On-chain VX dividend dispersing Light-weight REST/Websocket API for ViteX

        • Trading bots(based upon Hummingbot)< p id="a5fa" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei"data-selectable-paragraph="">
  • Prize Guidelines: Increase ViteX volume Attract more users All prizes will be awarded based upon the quality of submissions. If a submission under a category does not meet the expectations of a specific reward tier, Vite Labs reserves the right to keep rewarding a prize for that tier. Judges will assess a submission from three aspects, aside from basic requirements such as working code, successful demonstration, and so on 1. Use Generally speaking, a top-ranked entry serves a compelling usage case In the case of submission of an item, a top-ranked entry has a strong value proposal with clear user adoption(possibly as validated by existing products)< li id="e466"class="gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz

    • ha hb is hd he hf it hh hi hj im in io ei” data-selectable-paragraph=””> In the case of submission for infrastructural advancement, a top-ranked entry addresses an essential requirement or fixes a vital problem for the Vite network 2. Rigor A top-ranked entry demonstrates strong technical proficiency Code is clean, organized, extensible, and has fantastic documents 3. Imagination Bonus points for discovering a specific niche(but useful )problem or developing an innovative method to solve an issue< h3 id ="0557"class="iu hm dl bo hn iv iw ix hq iy iz ja ht jb jc jd hx je jf jg ib jh ji jj if jk ei"> Bounties Below are defined tasks with their own set instructions and requirements. Bounty 1: Create a DAO Governance Tool for Vite ($2,500 in VITE)< li id=" d54a "class="gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz ha hb is hd he hf it hh hi hj im in io ei "data-selectable-paragraph=""> Bounty 2: Implement Rosetta Node API for Vite to allow much easier combination with the Vite blockchain ($ 3,000 in VITE) Bounty 3: Create a Quota Bank for Vite ($ 2,500 in VITE)< li id =" dae0 "class =" gm gn dl go b gp ip gr gs gt iq gv gw gx ir gz ha hb is hd he hf it hh hi hj im in io ei"data-selectable-paragraph =""> Bounty 4: VitePay module that enables easy e-commerce payment by means of Vite network ($ 2,500 in VITE) Judges Participants will get guidance and support from Vite’s group of judges. In addition to the Vite team, the following industry experts will be guest judges of this occasion. Sebastian Gawenda– Kraken Institutional Solutions

      Jonathan Padilla– Stanford Future of Digital Currency Initiative Apollo River– Nano Tip Bot Creator Nick White– Harmony Co-founder FAQs 1. How to take part in the hackathon?

    Go to Grants Round 10 Hackathon and log in with a GitHub account to take part. 2. How is the Vite chain different from chains like Ethereum and do I require to learn a various computer system language to take part in the hackathon? In regards to smart contract programming, Vite is really similar to Ethereum. The biggest difference is Solidity + + (language utilized in Vite) which is asynchronous compared to Solidity.

    Developers need to have no problem fitting in if they are knowledgeable in Solidity. Nevertheless, to decrease the possible learning time, it is extremely recommended to read through the technical documentation before the event. Vite is also hosting a Solidity + + onboarding workshop at the beginning of the hackathon. Those interested can log in to their Gitcoin account and join on Friday, June 18th at 10 AM PDT. < p id="57fb" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > 3. What are the requirements for the designer environment? < p id="2dab" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > The environment is not limited. Mac + VsCode is recommended however it is possible to use any familiar programs environment and IDEs. If composing wise agreements, Vite offers a Soliditypp VsCode extension which can be discovered in the Extension marketplace to assist debug/deploy the contract. < p id="83c4" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > 4. Where to find Vite’s tech documents? < p id="050e" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > All technical files can be found here. < p id="a59f" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > 5. Do I require to offer a demo for the item that I have built? < p id="be47" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > It is possible to submit a small presentation or video that demos a submission, however, it’s not mandatory; and just great to have. In case a job turns into one of the winners, the designer might be welcomed to demo the application. < p id="0592" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > 6. I have some technical concerns to ask the Vite devs, where can I engage with them straight? < p id="98e5" class="gm gn dl go b gp gq gr gs gt gu gv gw gx gy gz ha hb hc hd he hf hg hh hi hj dd ei" data-selectable-paragraph ="" > Those interested can go to Vite’s official Discord group or post on the hackathon subreddit page. < div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="VITE" data-chartcurrency="USD" data-chartrate="1" data-charttype="chart" data-chartview="sixmonths" data-charttheme="light" data-chartsmooth="true" data-chartareacolor =" # 000" data-chartbgcolor =" # 007aff" > The post Vite Labs launches inaugural blockchain hackathon– up to $ 1M VITE in rewards appeared first on CryptoNinjas.