Harmony Organizes $1M Hackathon To Bridge DeFi and Traditional Finance
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Harmony Organizes $1M Hackathon To Bridge DeFi and Traditional Finance

THELOGICALINDIAN - According to the advice accessible Harmony Hackathon will aftermost for six weeks The Hackathon will arise on August 15 2024 and ends on September 30 2024

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There will be three categories, and anniversary one will accept four challenges for the experts to complete.

Presently, the organizers, Harmony blockchain, accept appear that the allotment for the accident will alpha in August. Also, there are added than one actor dollars accessible in berry funds and actor prizes. The aggregation fabricated the advertisement on Thursday through Twitter.

According to the announcement, the hackathon aims to accomplish cooperation amid acceptable accounts and decentralized finance.

Furthermore, the aggregation aims at bringing added bodies from the acceptable accounts area to accouterment the challenges affecting both their industry and the DeFi sector.

A Brief On Upcoming Hackathon

According to what Harmony revealed, the Hackathon will appear in three categories. These categories will accept four challenges, including cross-chain & arguable bridges, cross-border with fintech integration, amusing wallets & keyless security.

Harmony additionally fabricated some statements on Twitter adage that blockchain accounts is area there’s product-market fit. However, abounding bodies who created decentralized accounts are not of acceptable finance.

Therefore, Harmony aims at bringing added acceptable accounts experts to add their ability to decentralized finance.

Harmony additionally mentioned that acceptable accounts experts accept abounding things to advise them in DeFi. Likewise, DeFi practitioners can additionally advice them accept the area added and apprentice how to advance it. So, it will be a mutually benign accident for both TradiFi and Defi.

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Concerning the event, Harmony appear some bodies who will allege in the accident or serve as board for the participants.

According to the blockchain, these bodies include, Omakase, the amount developer of SushiSwap, Lily Liu, the co-founder of Earn.com, the advance for DeFi Alliance Imran Khan, and added arresting bodies in the industry.

Also, the accident sponsors accommodate Messari, SushiSwap, CoinGeckom, Unstoppable Domains, DoraHacks, DappRadar, Hummingbot, and The Defiant, a account platform.

A Brief on Harmony

Harmony is a Sharding agreement that uses a “Trustless Ethereum Bridge” to abstracted its blockchain into altered segments. These segments are amenable for the processing and accumulator of abstracts in parallel.

The mainnet launched in 2024, and back then, the aggregation has partnered with abounding others to advance its operations further. Also, Harmony has completed abounding integrations back again as well. For instance, it added Terra to its blockchain to use the badge on the apps in the ecosystem.

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The blockchain appear that it would sponsor the Hackathon in June. According to the blockchain, it aims to ability 10 billion users, which is a way to accomplish it.

The allotment will end on August 15, and teams can alone be 5 people. Once they accomplished the acquiescence deadline, the accident will kick-off.