• Fedi, a technology company, is launching a Bitcoin hackathon that will award the winner 2.1 BTC in celebration of Bitcoin’s 14th birthday.
• The bounty is open ended and developers are encouraged to build out a Fedimint module that will bring real world benefits to users.
• Fedimint is an open source custody platform that allows users to store their bitcoin, and also extend the functionality with privacy, smart contracts, and more.

Fedi, a technology company focused on building a Fedimint-based community custody platform, is launching a Bitcoin hackathon in celebration of Bitcoin’s 14th birthday. The hackathon will award the winner 2.1 BTC and encourages developers to build out a Fedimint module that will bring real world benefits to users.

Fedimint is an open source custody platform that allows users to store their bitcoin, and also extend the functionality with privacy, smart contracts, and more. It is based on the concept of second-party custody, which involves trusting family members or friends with the custody of one’s bitcoin in a way that improves the trust and security models inherent in the classic centralized third-party custody solutions. This type of custody also leverages Federated Chaumian Ecash, which provides users with enhanced privacy.

The bounty for the hackathon is open ended, meaning that developers can code the functionality they want; however, Fedi has provided some ideas of what the most impactful modules could be. These include modules that would enable a communal savings pool to accumulate bitcoin for a large project, storing value in a local currency like dollars, receiving payments privately via static QR codes or links (similar to CLN’s BOLT 12 offers), or operating a communal vote based spending pool.

Obi Nwosu, Fedi CEO, believes that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet. He stated, “Bitcoin was created to be a decentralized, trustless peer-to-peer currency and we’re confident our hackathon will help bring us closer to its original vision. We’re excited to see what developers around the world can come up with to make Fedimint even better.”

The hackathon will be open to developers of all levels and is an opportunity to showcase your skills to the world. With the potential to win 2.1 BTC, there’s no better time to get involved in the Fedimint community and help bring the original vision of Bitcoin to life.