{"id":22213,"date":"2018-04-25T21:18:32","date_gmt":"2018-04-25T21:18:32","guid":{"rendered":"http:\/\/ci027cfe7bb0052697"},"modified":"2018-04-25T21:18:32","modified_gmt":"2018-04-25T21:18:32","slug":"blockstack-and-shapeshift-offer-50000-universal-wallet-dapp-bounty","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/blockstack-and-shapeshift-offer-50000-universal-wallet-dapp-bounty","title":{"rendered":"Blockstack and ShapeShift Offer $50,000 Universal Wallet DApp Bounty"},"content":{"rendered":"
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In the latest installment of its Signature Bounties campaign<\/a>, Blockstack has partnered with ShapeShift to challenge developers to create a universal wallet. The contest, which began this morning, April 25, 2018, at 9:00 a.m. EST, will run until 11:59 p.m. on June 25, 2018. The winning project will be announced on June 29, 2018, and awarded $50,000.<\/p>\n

\u201cWe\u2019re really thrilled to be able to partner with ShapeShift for this bounty and to build on the success of the bounty program so far. This is something that speaks directly to the crypto community, who inherently understand the motivations behind decentralized applications,\u201d Xan Ditkoff, a Growth Partner at Blockstack, told Bitcoin Magazine<\/em>.<\/p>\n

As with past Signature Bounty competitions, the focus here is to build a decentralized application (DApp), in this case, a decentralized universal wallet. This campaign, however, has a special focus on interoperability and cooperation, as Blockstack\u2019s partnership with ShapeShift suggests.<\/p>\n

\u201cIncreased interoperability and collaboration between projects will only hasten the pace of innovation \u2014 and making each project\u2019s atomic unit of value accessible across communities is critical,\u201d a Blockstack blog post<\/a> reads. \u201cThat\u2019s why we are partnering with ShapeShift<\/a> to enable an open source wallet where users can hold and exchange most, if not all current and future forms of tokens, all in a decentralized manner.\u201d<\/p>\n

A successful project, the post continues to reveal, will feature a synergy of Blockstack\u2019s storage, authentication and encryption functions with ShapeShift\u2019s token exchange API. Additionally, serious submissions must be open sourced and accommodate all or most coins and tokens, including custom tokens that haven\u2019t been created yet.<\/p>\n

The end game for this bounty, as its name suggests, is to create a universal, easy-to-use wallet that combines the security features of Blockstack alongside the seamless token-swapping mechanisms of ShapeShift. <\/p>\n

Creating a universal, low-barrier-to-entry wallet is essential, Ditkoff explained, and it should be comparable to current online financial management systems.<\/p>\n

\u201cHaving to go back and forth from wallet to wallet to access or exchange different tokens is onerous. For people with little knowledge of cryptocurrency to adopt this tech, it needs to be simple, beautiful, and frictionless.\u201d<\/p>\n

The Community Component<\/h3>\n

Since September 2017, Blockstack has made a commitment with its Signature Bounties to curate decentralized applications that work toward providing an accessible experience for users of all levels of technical literacy. Launched as part of its $25 million Blockstack Signature Fund, these bounties have culminated in such popular DApps as Graphite and Stealthy<\/a>. <\/p>\n

To Ditkoff and the rest of the Blockstack team, these bounties \u201chave proven to be a powerful tool to not just motivate development within the community, but to bring other members into the community as well.\u201d Whenever Blockstack issues a new bounty, they do so out of necessity, \u201ca need from a user perspective.\u201d As such, developers are motivated to produce quality work, as, in Ditkoff\u2019s words, \u201cthey are building to fulfill a real need.\u201d<\/p>\n

Contrary to projects created through corporate-incubated initiatives, these community-driven efforts harness the talent and potential of an expensive pool of developers and enthusiasts. For Blockstack, there\u2019s power in numbers, and open-sourced innovation can be driven by the sparks of brilliance engendered in bounty competitions and other community programs.<\/p>\n

\u201cCommunity-driven campaigns like bounties have the advantage of being able to fully capture the power of an open-source network,\u201d said Ditkoff. <\/p>\n

\u201cBeyond bounties, we are witnessing the power of the community with the incredible response to our recently announced Community Rewards Program<\/a>. The benefit here is that the community comes together and learns from each other, incentivized by the unit of value that will be used within the ecosystem they\u2019re helping build. Oftentimes, the freedom to innovate outside of the corporate structure can lead to some interesting outcomes, and we want to nurture possibility.\u201d<\/p>\n

To register for the Build a Universal Wallet Signature Bounty, follow this link<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The end game is to create a universal, easy-to-use cryptocurrency wallet that combines Blockstack’s security features with ShapeShift’s token-swapping mechanisms.<\/p>\n","protected":false},"author":3468,"featured_media":22214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[3196,3353,3241,780],"class_list":{"0":"post-22213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-blockstack","9":"tag-dapps","10":"tag-shapeshift","11":"tag-wallet"},"author_data":{"id":3468,"name":"Aaron Van Wirdum And Colin Harper","nicename":"aaron-van-wirdum-and-colin-harper","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/88b6c65a7515990786b1c04473e15469e5b0d0fffef947ed629a60854e1cb426?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockstack-and-shapeshift-offer-50.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/22213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3468"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=22213"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/22213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/22214"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=22213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=22213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=22213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}