Having Telos host this event marks a crucial milestone for the crypto and blockchain industry.
The word “crypto” could have been a great runner-up to “pandemic” in the most used words of 2020-21. Such is the popularity of it and so is its significance. The advantages of cryptocurrencies include cheaper and faster money transfers and decentralized systems that do not collapse at a single point of failure. Along with cryptocurrencies, birth of Crypto hackathons and workshops was also witnessed by the world. These crypto hackathon events allow enthusiasts to not only showcase their skills or build a portfolio but also network while winning exciting prizes. One such event “The Hack Boston” will be held on an Ivy League Campus. It is first ever crypto Hackathon to take place at Harvard University’s Cambridge campus from September 23-25. Over 300 students from Harvard, MIT, and other Ivy League colleges will be in attendance and participate in workshops and mentoring sessions. Telos’ role in these proceedings paves the way for broader participation to establish a future where Web3 thrives.
There’s no better way to onboard into the cryptocurrency World than coming up with crypto hackathon idea, building a project, and learning from first-hand experience. Having Telos sponsor this event marks a crucial milestone for the crypto and blockchain industry. Moreover, the event shows there is a growing interest in learning more about these industries, even at the Ivy League level. Hack Boston is made possible with the help of the Harvard and MIT blockchain clubs, Telos, and Web3 learning app EasyA.
The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space. No doubts the new and innovative technology provides exciting opportunities, potentially affecting the lives of millions of people worldwide. Telos has always been devoted to supporting a Web3 future, with a strong focus on financial equality and real-world initiatives.
The upcoming workshops with Hack Boston attendees will give students a hands-on experience with Web3 technology. Telos Foundation CEO Justin Giudici and Telos Core Developer Jesse Schulman will travel to Hack Boston to host this crucial workshop. Dubbed “Get Started: Build Faster, Fairer DeFi on Telos”, the workshop offers a comprehensive understanding of the Telos ecosystem and its key advantages over other technology stacks for developers and users alike.
Through the workshops, Justin and Jesse will help people gain a better understanding of the importance of choosing the correct infrastructure in the blockchain industry. In addition, there may even be free Telos merch and other swag for attendees to take home and spread the word about the Telos ecosystem.
Now, why should you learn about blockchain?
The growing popularity of blockchain technology has resulted in the creation of more and more job opportunities for trained Blockchain professionals. Learning about blockchain will thus benefit you in the coming years. A wide range of applications – Healthcare, real estate, aviation, energy & resources, banking, computing, retail, you name it and you realize how intensives these have started the process of integrating blockchain as their operating technology. Considering the fact that blockchain technology has emerged out to be a perfect solution to monitor and manage industrial operations especially supply chains turn out to be yet another strong reason as to why should one learn Blockchain. And this Crypto Hackathon and Workshop is just the right place for you to do so.
What’s the Prize?
A hackathon would not be complete without cash prizes. As a sponsor, Telos will award two prizes to blockchain projects focused on these crucial pillars:
Best of DeFi – $6000: This prize will be awarded to the project judged best in evolving the traditional and/or decentralized finance spaces. Projects in this category will be geared more towards improving financial markets for retail users or institutions (i.e. exchanges, banking services, lending protocols) and improve how they do business with the advent of web3 technology.
Best of Real World – $4000: This prize will be awarded to the project that significantly impacts people’s everyday lives (i.e., Providing new ways to earn money through social media and/or solving a critical real-world problem). Projects in this category are geared towards end-users (i.e., Retail consumers) and leverage web3 technology to provide a solution.
The Hack Boston hackathon is the latest effort supported by Telos on its path to unlocking the potential of Web3. The team has previously supported various dApps evolving financial markets, boosting production in developing nations, supply chain management, carbon emission reduction, etc. Providing the crucial infrastructure powering the development of these decentralized solutions is a big step toward reaching the future of blockchain.
Telos is a high-capacity network and one of the most active blockchain platforms in the world according to Blocktivity. Telos features a robust, third-generation blockchain governance system including advanced voting features and smart contracts that can be fully configured to meet the needs of any developer. Created by developers, for developers as a global grassroots project, Telos is one of the most decentralized blockchain platforms in existence. Telos Decide extends the chain’s state-of-the-art blockchain and governance features to all DApps on its platform, delivering the best user experience in the marketplace. Telos also supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through community voted development grants.
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