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Bitcoin Association, the global industry organization which works to advance business with theBitcoin SV blockchain, has named three finalists in its 3rdBitcoin SV Hackathonto compete for a share of a USD$100,000prize pool paid in BSV. The announcement follows yesterdays release of ashortlist of ten semi-finalists, selected by a preliminary judging panel as the ten best entries from all projects submitted.

One of the premier events inBitcoin Associationsdeveloper education programme, Bitcoin SV Hackathons are global coding competitions designed to challenge developers to both learn about the technical power of Bitcoins original protocol and innovate on the fly. Organized by Bitcoin Association, run by leading blockchain research & development firmnChain, and sponsored byCoinGeek, Bitcoin SV Hackathons task entrants with developing an application or service within the parameters of a given theme that leverage the unique capabilities of the Bitcoin SV blockchain, all within a set period of time.

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The theme for the 3rdBitcoin SV Hackathon was Connecting the world to one global blockchain. A distinguishing feature of the Bitcoin SV blockchain is its ability to scale unbounded, enabling greater data capacity and high volumes of low-fee transactions sent instantly across the globe. These capabilities support the rise of a single digital currency (BSV) for micropayments, break down historical industry data silos, and facilitate technical interoperability in ways never before possible. Entrants were challenged to utilise these capabilities in their project, using the Bitcoin SV blockchain to establish new efficiencies and opportunities for interconnectivity.

This edition of the Bitcoin SV Hackathon was the most competitive to date. In all, 418 people from 75 countries took part over an eight-week coding phase, with 42 final projects submitted for consideration.

The three finalists will be invited to present their projects at the upcomingCoinGeek Live 2020conference,September 30 October 2. The Hackathon Final Round presentations will be on Day 1 (September 30) of the conference, with winners announced on Day 3 (October 2). The finalists will compete for a share of a USD$100,000BSV prize pool $50,000for 1st place,$30,000for 2nd, and$20,000for 3rd.

Final placings will be determined by a combination of a Final Round judging panel and audience voting through an augmented reality experience for online attendees of CoinGeek Live.

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Speaking about the finalists, nChain CTOSteve Shadders, said:

With each iteration of the Hackathon, were seeing the quality and creativity of entries continue to improve. This time around, with the extended coding phase of the competition, its clear that the additional time has been put into really developing these ideas into high-quality, well-thought-out submissions. Im excited to see each of the three finalists present their project at CoinGeek Live, but its certainly not going to be easy determining a winner!

Also commenting on todays announcement, Bitcoin Association Founding PresidentJimmy Nguyen, said:

The standard of submissions for the 3rdBitcoin SV Hackathon has raised the bar once again and reflects the continued maturing of Bitcoin SV development. What impressed me the most is the diversity of projects entered business and consumer applications that each have a unique take on our theme of Connecting the world to one global blockchain but all with the common thread of leveraging the distinguishing powers of the Bitcoin SV blockchain. Id like to thank all of the more than 400 people who took part in the competition. While we select a champion in a few weeks time, all the participants win by building on BSV.

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3rd Bitcoin SV Hackathon Finalists Announced to Compete for USD $100,000 - AiThority