MADISON — The Wisconsin Alumni Research Foundation today announced annual support for the University of…
What is happening?
The Hack Boston event will be the first cryptocurrency hackathon to be held on an Ivy League campus. From September 23-25, the conference will be held in Cambridge, Massachusetts, on the campus of Harvard University.
There will be over 300 attendees, including students from Harvard, MIT and other prestigious universities.
Even at the elite level of the Ivy League, there is growing interest in learning more about crypto assets as an area for building careers in the blockchain industry, as this event demonstrated. The blockchain clubs at Harvard and MIT, along with Telos and Web3 learning app EasyA, are instrumental in the organization and popularity of Hack Boston.
Disclosure of vested interests: The author is an independent contributor publishing through our
What is Telos?
Designed to power Web 3.0, the Telos EVM is a solid and extensible Ethereum Smart Contract platform. Telos (referred to as “Telos” or “Company”) offers a robust, third-generation, scalable blockchain governance system that is ESG compliant. This system includes smart contracts, state-of-the-art voting functionality, and flexible and simple fee structures. Telos also assists the blockchain ecosystem by acting as an incubator and developer grant accelerator for decentralized applications.
Understand the cultural significance of hackathons in technology
The term “hackathon”, derived from “hack” and “marathon”, describes an event in which participants “hack” for a predetermined period of time. At hackathons, people with a common interest in computer programming pool their resources and talents to come up with innovative solutions to technical challenges.
No matter the topic, whether it’s a Bitcoin hackathon or a Covid-19 hackathon, everyone’s goal is to create a fully working prototype of a product based on the hackathon theme. It’s a meeting place for software project managers, designers, developers, and programmers to collaborate on new ideas. There’s a healthy rivalry, but the real prize is finding something truly remarkable and new.
Educating attendees about new technologies has become an integral part of hackathons, originally designed as a way for programmers to network and keep abreast of the latest technological developments. Hackathons are a great way to meet like-minded people, experiment with ideas we’re not sure will work, and gain experience with cutting-edge technologies and methodologies. It’s an opportunity to try out radical concepts and create working models that we wouldn’t normally have.
Building a global, decentralized financial infrastructure is a daunting challenge that requires constant discovery, innovation, building, and rebuilding.
Why Hack Boston and Crypto Workshop Hosted by Telos Matters for the Blockchain Industry
Students will gain real-world experience with Web3 technology in upcoming workshops with Hack Boston attendees. Telos Foundation CEO Justin Giudici and Telos Core Developer Jesse Schulman will be at Hack Boston to facilitate the workshop.
Developers and end users alike can benefit from the workshop’s in-depth introduction to the blockchain ecosystem and the company’s key advantages over the competition for technology stacks. ESG compliance, super-fast transactions, invariable gas prices, unparalleled scalability and many more features are just a few of the many highlights.
Hacking teams will also benefit from the guidance of Justin and Jesse, who will act as mentors to help them shine during the hackathon. Workshop attendees will come away with a better appreciation of why selecting a reliable blockchain infrastructure is crucial. Cash prizes are essential to any hackathon. Telos, as a sponsor, will award two prizes to blockchain projects that meet the following two pillars:
The best DeFi price valued at $6,000 will be awarded to the initiative that has made the most progress in the development of conventional and decentralized financial systems. With the advent of Web3 technology, these projects will focus on improving financial markets for retail users and institutions such as exchanges, banking and lending protocols.
The winner of the prize for the best in the real world will receive $4,000 and the winning project will have a significant impact on people’s daily lives (for example, creating new ways to make money through social media or solving a critical real-world problem). Consumer-facing projects that use Web3 technology to solve a problem fall into this category.
The company’s support of the Hack Boston hackathon is the latest step in its mission to realize the full potential of Web3. In the past, the group has supported a wide range of dApps aimed at modernizing financial markets, increasing production in developing countries, streamlining supply chain management, reducing carbon emissions, and more. To get to the future of blockchain, we need the critical infrastructure that drives the creation of these decentralized solutions.
Final Thoughts on the Harvard Hackathon
Hackathons are key to supporting invocation and creativity in the tech industry. In my opinion, crypto hackathons are essential to promote technological advancements in the field of crypto, DeFi, blockchain and GameFi. Ivy League hackathons are a great way to attract young talent and empower them to build decentralized apps that are changing our society.
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Image credits: Vadim Sherbakov, Robert Bye, Pascal Bernardon.
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