HAQQ, a decentralized community on the helm of moral and Shariah-compliant Web3, introduced a $50,000 bounty for the Istanbul Blockchain Week hackathon. The high-stakes competitors invitations the world’s most proficient Solidity builders to check their abilities and convey their finest improvements ahead.
ISTANBUL, TURKEY – August tenth, 2023 — HAQQ (Islamic Coin), a decentralized community selling truthful, ESG-forward and Shariah-compliant decentralized finance, introduced a $50,000 bounty for the Istanbul Blockchain Week hackathon to foster moral finance developments. Members can register here, beginning August 10, 2023.
Alex Malkov, the CEO of HAQQ, shared his enthusiasm for the occasion, “We’re excited to be the catalyst for such an vital event, one which nurtures a synergy of know-how and moral ideas. The IBW hackathon sponsorship is extra than simply an funding in know-how; it’s an funding in individuals, creativity and a future the place Web3 means equity, sustainability and cross-cultural collaboration.”
The hackathon goals to nurture and incubate options that promote constructive societal change and moral finance. Utilizing the Solidity programming language, contributors will spotlight the distinctive values of HAQQ Community’s EVM-comparable chain:
- Moral Finance: Creating sensible contracts and decentralized functions that adhere to Shariah-compliant ideas and promote moral finance practices.
- ESG-Powered Options: Constructing functions that contribute to environmental, social and governance (ESG)-powered change, addressing real-world challenges by decentralized know-how.
- Interoperability: Demonstrating the seamless deployment of current sensible contracts from different EVM chains onto the HAQQ Community and showcasing the chain’s interoperability capabilities.
- Inclusivity and Accessibility: Creating options that empower and embody underrepresented communities, fostering monetary inclusivity and accessibility for all.
Members will compete within the Decentralized Finance (DeFi) for Social Impression monitor, themed “Empowering Moral Finance By way of Decentralization.” The principle problem of the hackathon reads as follows: “Moral Decentralized Finance (DeFi) Platforms: Design and deploy DeFi platforms that adjust to Shariah ideas, enabling moral monetary providers and merchandise for customers.”
Powered by the Cosmos SDK and the Tendermint Core consensus engine, HAQQ presents a scalable, high-throughput proof-of-stake (PoS) blockchain. It operates with full Ethereum compatibility and interoperability, unlocking entry to Ethereum’s wealthy options, which, paired with Tendermint’s PoS, create a high-performance, quick and safe blockchain setting.
This makes HAQQ a profound fusion of key blockchain options:
- Web3 and EVM compatibility.
- Distinctive throughput through Tendermint Core.
- Horizontal scalability by Inter Blockchain Communication Protocol (IBC).
- Fast transaction finality.
Such structure incorporates Ethereum’s “Geth” as a library, offering a totally appropriate Web3 JSON-RPC layer. Builders can harness established Ethereum tooling and software program to seamlessly deploy sensible contracts that talk fluidly with the broader Cosmos ecosystem.
“HAQQ’s dedication to moral blockchain options aligns with the mission of Istanbul Blockchain Week. This hackathon is an thrilling alternative to harness the ability of collective innovation and encourage the following technology of builders,” commented Erhan Korhaliller, the founding father of Istanbul Blockchain Week. “In an trade the place collaboration is vital, such occasions deliver forth a wave of progress and transformation that extends past our instant group to form the worldwide panorama of blockchain know-how and moral finance.”
Istanbul Blockchain Week, scheduled for August 22-23 in Istanbul on the Hilton Bomonti Resort, is the proper backdrop for this landmark occasion, highlighting the convergence of know-how, finance and Islamic values in a hub famend for its enthusiasm for crypto and Web3.
About HAQQ
HAQQ is an ethics-first community that brings collectively sustainability-centered builders, validators, open-source contributors and Muslim innovators in sustainable finance. As an EVM-equivalent chain primarily based on the Cosmos SDK, HAQQ’s revolutionary know-how permits for the seamless deployment of sensible contracts from different EVM chains. HAQQ goals to create a fairer, extra sustainable monetary system by balancing Shariah-compliant philosophy with cutting-edge know-how, utilizing Shariah Oracle — an on-chain registry of Halal Certificates that assures compliance with Islamic ideas. HAQQ ensures its customers work together completely with whitelisted and Shariah-compliant DApps, minimizing unethical or Haram exercise throughout the community.
Study extra about HAQQ at haqq.network.
About Istanbul Blockchain Week
Istanbul Blockchain Week is an annual occasion that brings collectively blockchain fans, trade consultants and thought leaders from throughout the globe. Following its outstanding success in November 2022, which witnessed a powerful turnout of over 4,000 attendees and featured over 120 worldwide and Turkish audio system resembling Yoshihisa Hashimoto, Changpeng Zhao, Ziya Altunyaldız and Şant Manukyan, IBW units to return to Turkey’s outstanding crypto hub from August 22 to 23. As a dynamic platform for networking, data sharing and exploration of the most recent developments in blockchain know-how, Istanbul Blockchain Week creates an setting conducive to collaboration and innovation. The occasion provides attendees a various program that includes keynote speeches, panel discussions, workshops and exhibitions that delve into numerous facets of Web3. Istanbul Blockchain Week presents a novel alternative for people to immerse themselves within the blockchain world and join with like-minded visionaries actively shaping the long run.
To study extra about HAQQ, go to istanbulblockchainweek.com.
