HAQQ will launch the $50,000 Bounty Hackathon innovation during the Istanbul Blockchain week.
HAQQ, a decentralized network led by the ethical and Shariah compliant Web3, announced that it will award $50,000 for the Istanbul Blockchain Week hackathon. The high-stakes competition invites the world’s most talented Solidity developers to test their skills and reveal their best innovations.
Bounty Hackathon move from HAQQ!
ISTANBUL, TURKEY – July 10, 2023 – HAQQ (Islamic Coin), a decentralized network supporting ESG-advanced and Sharia compliant decentralized finance, announced the $50,000 Istanbul Blockchain Week hackathon to support ethical finance developments. Participants can register here as of August 10, 2023.
HAQQ CEO Alex Malkov shared his excitement for the event, saying: “We are excited to be the catalyst for such an important event that fosters the synergy of technology and ethics.
IBW hackathon sponsorship is just an investment in technology; It is an investment in people, creativity and a future where Web3 stands for fairness, sustainability and cross-cultural cooperation.” The Hackathon aims to develop and develop solutions that foster positive societal change and ethical finance. Using the Solidity programming language, exhibitors will highlight the distinctive values of HAQQ Network’s EVM comparable chain:
Ethical Finance: Developing smart contracts and decentralized applications that comply with Shariah-compliant principles and support ethical finance practices.
ESG Supported Solutions: Building applications that address real-world challenges through decentralized technology that contributes to environmental, social and governance (ESG) driven change.
Interoperability: Demonstrating seamless deployment of existing smart contracts from other EVM chains to the HAQQ Network and demonstrating the chain’s interoperability capabilities.
Inclusivity and Accessibility:Creating solutions that empower and engage underrepresented communities and promote financial inclusion and accessibility for all.
Participants will compete on the Decentralized Finance for Social Impact (DeFi) path with the theme “Empowering Decentralized Ethical Finance”. The main challenge of the Hackathon is: “Ethical Decentralized Finance (DeFi) Platforms: Design and deploy DeFi platforms that comply with Sharia principles and provide ethical financial services and products for users.”
Powered by the Cosmos SDK and Tendermint Core consensus engine, HAQQ offers a scalable, highly efficient Proof-of-Stake blockchain. Working with full Ethereum compatibility and interoperability, it unlocks access to Ethereum’s access features, which combined with Tendermint’s PoS creates a high-performance, fast and secure blockchain environment.
This makes HAQQ a deep combination of key blockchain features: Web3 and EVM compatibility, outstanding throughput via Tendermint Core, horizontal scalability via Blockchain Communication Protocol (IBC), Fast transaction certainty.
This type of architecture includes Ethereum’s ‘geth’ as a library, providing a fully compatible Web3 JSON-RPC layer. Developers can leverage built-in Ethereum tools and software to seamlessly deploy smart contracts that communicate fluidly with the broader Cosmos ecosystem.
Erhan Korhaliller, founder of Istanbul Blockchain Week, said, “HAQQ’s commitment to ethical blockchain solutions aligns with the mission of Istanbul Blockchain Week. This hackathon is an exciting opportunity to harness the power of collective innovation and inspire the next generation of developers.” “In an industry where collaboration is key, events like these bring a wave of progress and transformation that goes beyond our immediate community to shape the global landscape of blockchain technology and ethical finance.”
Istanbul Blockchain Week, scheduled to be held at Istanbul Hilton Bomonti Hotel from August 22 to 23, provides the perfect backdrop for this important event that highlights the convergence of technology, finance and Islamic values in a center renowned for its passion for crypto and Web3.
About HAQQ
HAQQ is an ethical-first network of sustainability-centric developers, validators, open source contributors and Muslim innovators in sustainable finance. The innovative technology of HAQQ, an EVM equivalent chain based on the Cosmos SDK, allows for seamless deployment of smart contracts from other EVM chains.
By using Shariah Oracle, an on-chain Halal Certificate registry that guarantees compliance with Islamic principles, HAQQ aims to create a fairer and more sustainable financial system by balancing Shariah-compliant philosophy with cutting-edge technology. HAQQ minimizes unethical or Haram activities within the network by ensuring that its users only interact with whitelisted and Shariah-compliant dApps. Learn more about HAQQ at haqq.network.
About Istanbul Blockchain Week
Istanbul Blockchain Week is an annual event that brings together blockchain enthusiasts, industry experts and thought leaders from around the world. After its phenomenal success in November 2022, which witnessed the impressive attendance of over 4,000 attendees and featured over 120 international and Turkish speakers including Yoshihisa Hashimoto, Changpeng Zhao, Ziya Altunyaldız and Shant Manukyan, IBW is returning to Turkey’s leading cryptocurrency center. getting ready to return.
22-23 August. Istanbul Blockchain Week, a dynamic platform for networking, knowledge sharing and discovery of the latest developments in blockchain technology, creates an environment conducive to collaboration and innovation. The event offers attendees a varied program that includes keynotes, panel discussions, workshops and exhibitions that explore various aspects of Web3.
Istanbul Blockchain Week offers a unique opportunity for individuals to immerse themselves in the world of blockchain and connect with like-minded visionaries who are actively shaping the future. To learn more about HAQQ, visit istanbulblockchainweek.com.
