Qtum Teams Up with Beam to Host Global Privacy Hackathon

Global Privacy Hackathon: Most innovative participants to take home $25,000 grand prize

In Singapore on June 17, 2019 — Qtum, the open-source public blockchain platform, and Beam, the scalable, confidential cryptocurrency, will host the 2019 Qtum & Beam Privacy Hackathon. Beginning on June 19th and concluding on August 18th, 2019, the hackathon will challenge participants to leverage the Qtum and Beam platforms in order to develop new, anonymous assets and blockchain privacy solutions, as well as drive better engagement across social media. The global hackathon will be open to blockchain developers and community members, and it carries a grand prize valued at $25,000 USD for the most creative and impactful submissions.

Qtum’s CIO, Miguel Palencia said: “In the spirit of Qtum’s mission to inspire global adoption of blockchain and cryptocurrency technologies, the Qtum & Beam Privacy Hackathon will bring some of the best and brightest minds from around the world to consider new approaches to digital anonymity and privacy. Following the success of last year’s Qtum hackathon, which welcomed more than 1,000 participants from 75 countries, I’m confident that the 2019 challenge will result in innovative submissions that will advance the Blockchain community as a whole.”

Participants of the hackathon may work individually, or in teams of up to five, to produce open-source projects on the Qtum or Beam blockchains, as well as create a short accompanying video demonstration. Submissions will be judged on their creativity, simplicity, impactfulness, quality of design, and integration with the Qtum and Beam technologies. The submission that is awarded the global grand prize will receive the equivalent of $25,000 in QTUM tokens, to be split amongst its' team. Participants can also compete to win up to the equivalent of $8,000 in QTUM or Beam tokens in community prizes, which will be awarded to teams displaying excellence in social media content and engagement building.

“We are excited to welcome an unprecedented number of participants to this year’s event. Ever since our first hackathon, we have remained steadfast in our commitment to thinking critically and creatively about how to push the boundaries of the Qtum platforms. Now, in 2019, we’re well on our way to making this dream a reality, and we couldn’t be more thankful to our growing community for their participation,” said Palencia.

Alex Zaidelson, the CEO of Beam, also commented: “We are happy to join forces with Qtum to promote the ideas of privacy to the global development community and help the best devs out there discover how to build on Beam and Mimblewimble.”

To register to participate in the 2019 Qtum & Beam Privacy Hackathon, visit https://hackathon.qtum.org.

About Qtum:

Qtum is an open-sourced public blockchain platform that leverages the security of UTXO while enabling multiple virtual machines including EVM and soon, the revolutionary x86 VM. Qtum is Proof-of-Stake based and boasts a Decentralized Governance Protocol (DGP), allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the block size of Qtum can be increased without the need for a hard fork. For more information, visit qtum.org.

About Beam:

Beam is a scalable, confidential cryptocurrency using Mimblewimble as the basis for its decentralized and permissionless blockchain. Beam has capped emissions with periodic halvings and uses Proof-of-Work mining for securing its' network. Without any address information stored on the blockchain and keeping transactions private by default, Beam is meant to provide users with control over privacy in its compact design. Beam's long-term vision is to create a currency that combines full confidentiality with opt-in compliance, letting both businesses and individuals use it without compromising their privacy. For more information on the project and its efforts, visit beam.mw.

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