Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
In a recent announcement, it has been revealed that Hackathon registration is now open for those looking forward to innovating, developing, and deploying their best tools, applications, and solutions on Ethereum. The first tEVM Hackathon is here, and the platform is offering Solidity developers an opportunity to show off their skills and compete for TLOS.
The competition will be providing the developers with a platform to showcase the best of their skills to bring enhancements in Web 3.0. As per the announcement, Telos Spark started at February 7 and will be ending on March 6. The winners will be announced on March 14, 2022.
Spark Hackathons will be welcoming all the ideas that emerge from the Ethereum community and the participation will assist in building a better user experience on Telos. What adds more value to the project is that the tEVM is ridiculously fast with a very low gas fee, which ensures that the decentralized applications can scale without any traffic.
In addition to this, it should be noted that you could build EVM Tools to make improvements in the UI or Backend like Charts and Statistics, Snapshots, Airdrops, Display, and Collection for NFTs. Adding further to the features of tEVM, you should know that you could dApps or Forks applications such as:
- Decentralized Finance and Decentralized Exchange innovation
- Staking and Lending contracts
- Innovative NFT Minting contracts
- Ethereum name service fork
- MultiSig tools or vaults
- Play 2 Earn fork/concept
Important Partnership to Ponder Upon
Further, the firm has also partnered Taikai, the recently launched mentor support team. This will facilitate the deployment of your Solidity contracts as conveniently as possible. Taikai is one of the most popular decentralized applications within the Telos ecosystem.
Learning more about Taikai, it is a decentralized application that specializes in developing streamlined and highly organized hackathons for both the developers and the platforms. This is done along with hosting Telos Spark, which certainly will be a blow.
Don’t worry, the platform has got seasoned mentors who are committed to help make the process of deployment easy to go through.
More Information to Take Away
Telos EVM (tEVM) - A non-Ethereum fork EVM that is constructed from the ground up and is considered the most robust one created till date. The level of efficiency of this EVM can be judged noting that it complies Solidity and Vyper in a Wasm runtime environment. Furthermore, it even incorporates all the trades related to Decentralized Finance and NFT from any Front Running/MEV.
Telos Blockchain (TLOS) - A completely decentralized third generation, ESG compliant layer 1 blockchain that is well-known for executing energy efficient smart contracts at the fastest speeds. As the energy consumption of the Telos Network for every transaction recorded is even less than 0.000002 kWh, it costs users extremely low gas fees.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.