Once a gateway for aspiring entrepreneurs, even blockchain enthusiasts with successful startups are benefitting from a new wave of hackathons and incubator projects. Bitcoin and blockchain entrepreneurs have had trouble accessing executives at these institutions and so rely on hackathons to network with potential connections. For startups, hackathons can be helpful in connecting them to possible legacy institution clients. But there’s also benefit for corporates too.
“At the end of the day, typically the channel to capture the end consumer is to go through large financial players.”
What are actually Blockchain and Bitcoins?
Let me explain it in one single sentence:
a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Blockchain and Bitcoin Hackathons
Here is a selection of a few of the Bitcoin and Blockchain hackathons waiting for you to participate in:
- EPAM 2016 BLOCKCHAIN HACKATHON (https://www.epam.com/blockchain-hackathon)
- Miami Bitcoin Hackathon (http://www.miamibitcoinhackathon.com/)
- The Dutch Blockchain Hackathon! (https://blockchainhackathon.eu/)
- BLOCKCHAIN HACKATHON (https://blockchain-hackathon.com/)
One last question: Should I invest in Bitcoins?
You might have read about Bitcoins on some major news site. After dropping from $1,000 to around $300 in end of 2014, the price grew by over 200% from beginning of 2015 to end of 2016 to surpasse the value of gold by March 2017 at over $1,250. Nobody knows how the price will develope in future but the community behind Bitcoin is growing and growing. The probably most important day in Bitcoin history will be March 13th when the US Securities and Exchange Commission decides on an exchange-traded fund (ETF) tied to the digital currency. It will send the price to the moon to a new all-time high or down to earth. If you like it risky and can afford to lose the money then you should invest in Bitcoin and hope for a positive decision by the US SEC. One thing is sure: The technology behind Bitcoins is here to stay and the rollercoaster ride is not over yet…