SOURCE: Mastercoin Foundation

Mastercoin Foundation

February 26, 2014 12:04 ET

$1 Million-Plus in Prizes, Contracts at Texas Bitcoin Conference Hackathon

Mastercoin Foundation, Open-Transactions (Monetas), BitAngels and Others Contributing to Bitcoin 2.0 Hackathon: Building Next Generation Decentralized Applications & Protocols

AUSTIN, TX--(Marketwired - Feb 26, 2014) - The Texas Bitcoin Association, organizers of the upcoming Texas Bitcoin Conference (http://texasbitcoinconference.com/), today announced the Bitcoin 2.0 Hackathon: Building Next Generation Decentralized Applications & Protocols with over $1 million in prizes and contracts being offered by the Mastercoin Foundation, BitPay, Open-Transactions (Monetas), BitAngels and Ripple. The hackathon will run over two days, Wed., March 5, to Thur., March 6, coinciding with the conference on the same dates. The event will be held at the Technology and Conference Center located at the Circuit of the Americas motor racing complex, 9201 Circuit of the Americas Blvd., Austin, TX 78617.

Registration for the 29-hour-long event starts at 9 a.m. Central, Wed., March 5, and the event starts at 10 a.m. Winners will be announced at 6 p.m. Central, Thur., March 6. Prizes will be in various denominations of digital currencies such as Mastercoin and Ripple.

According to a white paper, "The Emerging Wave of Decentralized Applications" by David Johnston, some requirements of decentralized applications are that they:

  • Must be completely open source;
  • Must operate autonomously;
  • Must store its data and records in a public, decentralized blockchain;
  • Must generate or distribute tokens to reward predefined user behavior.

Thousands of merchants and consumers interested in Bitcoin adoption -- as well as inventors, entrepreneurs, engineers and the curious public -- are expected to attend the first annual Texas Bitcoin Conference, which will be organized into three speaking tracks and feature an exhibit hall and open-air networking lobby. The conference will culminate with a charity concert featuring Grammy-nominee Carolyn Malachi with tickets only available via Bitcoin and proceeds going to Sean's Outpost homeless sanctuary.

To register, go to: http://texasbitcoinconference.com/hackathon. For more information and ticket pricing, please visit the Texas Bitcoin Conference website, texasbitcoinconference.com/.