2 Million BTM Up for Grabs in Bytom’s Global Dev Competition
Digital asset blockchain protocol Bytom has launched a Global Dev Competition, which is offering to the winners a total prize pool of 2,000,000 of Bytom’s native token, BTM, currently worth about $350,000.
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The contest aims to promote applications of Bytom’s blockchain technology, while encouraging further collaboration between Chinese developers and their international technical peers. It hopes to unearth undiscovered talents in blockchain expertise, adding to Bytom’s development abilities while enhancing the open-source ecology of Bytom’s sustainable model.
The race to win two million BTM is on
Entry into the contest is now open for registration. It kicks off with a preliminary phase online, requiring participants to upload their coding on a designated website. Two weeks after the preliminary deadline, Bytom will announce a shortlist for a final round of the competition. This final will take place as a closed development phase in Hangzhou, China, from October 18th to 21st, 2018. Rounding off the contest at the end of October will be the Bytom Developers Conference to be held in Silicon Valley.
A developer guide has already been provided as part of technical support to help participants understand Bytom technology.
Three ways developers can use Bytom
The Bytom protocol offers three main routes for developers. The first allows them to build a tokenized economy, via building a tokenization logic, token issuance and token-based apps. A recent example of use case is Joorschain, which was founded by Swiss-listed digital ad companies. Another is the asset tokenization by a Hong Kong TV station using the Bytom blockchain to carry out token development.
Developers can also use supporting tools such as the Btm-scan blockchain browser that can explore and search the blockchain for all related activities including transactions, wallets, tokens and prices. Another great tool is Discus-Fish/F2Pool’s AI Miner which is a single-button tool to optimize mining, facilitating large equipment to hugely increase the computational power of Bytom.
Finally, developers can create Bytom-based decentralized applications (Dapps) based on traditional assets such as bonds, equities and financing.
The Bytom Blockchain Protocol
The mainnet launch in April, followed by smart contract capabilities in July, established the core of Bytom on its way towards commercialization. Bytom uses its own custom Equity language for a Turing-complete high-level interpretive language. This makes it easy to operate Bytom assets while giving users the flexibility to integrate into multiple asset business cases.
Multiple byte-assets combine to form the interactive protocol. It allows for heterogeneous byte-assets (indigenous digital currency, digital assets) to operate on Bytom’s blockchain in various forms, as well as to register atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exists in the physical world). Thanks to Bytom, these can then be easily exchanged, traded, and even gambled on or manipulated in other more complicated and contract-based inter-operations.
Bytom is bridging the physical and the digital, creating a decentralized ecosystem for registering and exchanging all kinds of digital and real world assets. It aims to be the biggest dedicated public blockchain platform in the world, bringing blockchain to various asset classes for enhanced security, liquidity, and ultimately, value.
To learn more, visit the website or read the whitepaper. Join the Global Dev Competition or connect with the community on Facebook, Telegram, Reddit and Twitter.
Image via Bytom
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