Polkadot Becomes Partner of Chainlink Hackathon 2020

News
Mon, 09/07/2020 - 19:38
Alex Dovbnya
You can win up to $10,000 for submitting Polkadot-based application during Chainlink's virtual hackathon
Polkadot Becomes Partner of Chainlink Hackathon 2020
Cover image via stock.adobe.com
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Polkadot, a blockchain protocol that is challenging Ethereum, has become the latest partner of Chainlink’s hackathon.

Those who take part in the hackathon can win up to $10,000 for submissions built on top of Polkadot. 

Thousands of dollars up for grabs 

Chainlink Hackathon 2020, a virtual event that is meant to foster the development of smart contracts applications in decentralized finance (DeFi), non-fungible tokens, games, and other crypto projects was announced back in August:

“Whether it's receiving off-chain market data to trigger your DeFi smart contract or simply getting today’s weather on-chain, the applications are limitless. Chainlink is teaming up with some of the most powerful web3 technologies to host a hackathon where creativity is the only limit.”

Its winners have an opportunity to bag $40,000 worth of prizes in the LINK cryptocurrency.     

LINK
image by @Polkadot

Apart from Polkadot, other prominent projects such as Tezos and Loopring are offering their sponsored awards.  

All participants are able to register until Sept. 27.    

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Chainlink’s first non-Ethereum customer

Back in February, Polkadot became the very first Chainlinl’s non-Ethereum customer to integrate its oracles.

Polkadot described it as “a critical step” in the development of its parachain technology that aims to connect different blockchains.   
 

The integration opens the doors to many use cases (from queering digital signatures to accessing invoicing data): 

“Thanks to Chainlink’s growing decentralized network of independent, Sybil resistant, and security reviewed node operators, smart contracts on parachains will be able to easily and securely access a wide variety of preformatted inputs and outputs to replicate existing digital agreements.”

In August, Polkadot released the Rococo testnet as it moves towards unlocking full parachain functionality on its network.

Its native DOT token recently reached the top 5 on CoinMarketCap, surpassing LINK. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.