Despite the 95 percent decline in the value of the digital currency from its all-time high, Qtum (QTUM) is doing all it can to thrive in the crypto space. The Qtum (QTUM) Foundation is bringing the first worldwide virtual hackathon to promote and encourage the growth of decentralized, open-source apps and blockchain itself.
Qtum (QTUM) to See an Increase in Awareness with the Forthcoming Hackathon
This blockchain project is known as an open-source, decentralized project with enthusiasm to bring entirely new development and ecosystem of smart contracts together with a Proof of Stake consensus protocol and a blockchain governed by DGP.
With a series of popular judges coming from Qtum (QTUM) Foundation and other firms such as Bluezelle, PlayCoin, etc. and the various prizes in total of half a million dollars in Qtum (QTUM) token equivalent, will further boost the awareness and adoption of the digital currency.
The grand prize for the winner of this Hackathon is $150,000, and the event is going down in San Francisco. The event is aimed at showing and endeavouring the potential effect of blockchain technology on the global economy, the opportunities of creating a secure and stable ecosystem, and a whole lot of things yet to be discovered.
This is a competitive race among developers to develop the most influential, creative, and useful blockchain solution that they can in a short period of time. Points will be given and divided to creativity, design, impact, simplicity, and Qtum (QTUM) usage – with a maximum of five points at every category, and the team with the highest score will go home with the grand prize. This will enormously increase the awareness of the blockchain project as well as its value in the short-term.
Qtum (QTUM) Price Today – QTUM / USD
At the time of writing, Qtum (QTUM) is trading at $4.64 after a decrease of about 6 percent over the past twenty-four hours. The current market cap of the digital currency is $412.24 million and its trading volume over the past twenty-four hours is $121.09 million.