Bitcoin Meets Solidity - Rootstock Hackathon

1. What is the Bitcoin Meets Solidity Hackathon by Rootstock?

The Bitcoin Meets Solidity - Hackathon is pure Virtual Bitcoin Hackathon led by Rootstock, the longest running and leading Bitcoin Layer 2 Blockchain. 

This virtual hackathon brings together innovative developers, blockchain enthusiasts, and entrepreneurs to explore and build on the Rootstock network. Rootstock is the first open-source smart contract platform secured by the Bitcoin network, allowing developers to create Solidity-based decentralized applications (dApps) while leveraging Bitcoin's robust security. This hackathon is a unique opportunity to innovate in bitcoin builders’ ecosystem and contribute to the evolving blockchain landscape.

Rootstock supports deploying Smart Contracts since it is EVM-compatible. This means that developers familiar with EVM-compatible dApps can seamlessly build new projects and migrate existing ones to Rootstock.

2. Why build on top of Bitcoin with Rootstock?

Rootstock allows developers to harness the security of Bitcoin while utilizing the flexibility of Solidity for smart contract development. By building on Rootstock, participants contribute to the growth of the Bitcoin ecosystem beyond its role as a store of value.

3. What are the goals of the hackathon?

The hackathon aims to foster creativity, collaboration, and technical expertise within the Rootstock ecosystem. Participants are encouraged to push the boundaries of what's possible on the Bitcoin blockchain by creating new dApps, exploring infrastructure solutions, and enhancing cross-chain interoperability.

4. What are the key dates for the hackathon?

• Applications Starts: 1st of May
• Hackathon KickOff: 15th May
• Project Submission Deadline: 9th june
• Winners Announcement: 14th June
• Prize Distribution: 16th June

5. What are the prize categories and bounties?

Main Hackathon Prizes:

• 1st Place: $7,000 in rBTC

• 2nd Place: $4,000 in rBTC

• 3rd Place: $1,000 in rBTC

Special Prizes - Bounty Tracks:

• Documentation: 5 prizes of $500 in rBTC

• Security: 5 prizes of $500 in rBTC

Additionally, participants can apply for the Rootstock Grants Program offering $25,000 in grants.

6. What can participants build during the hackathon?

Participants are free to explore various topics including Everyday DeFi applications, Ordinals or Runes dApps, Cross-chain Interoperability solutions, Tokenized Real-World Assets (RWA), and more. The hackathon encourages innovation and creativity in leveraging Rootstock's capabilities.

7. What are the deliverables for hackathon submissions?

Participants are required to deploy a smart contract on Rootstock with at least 2 successful on-chain transactions (testnet), maintain a GitHub repository with a descriptive README, and create a pitch video showcasing their project's features and functionalities.

8. How can I participate in the hackathon?

To participate, applicants must submit their applications by May 15th, 2024, and upon acceptance, engage in the online hacking phase from May 15th to June 7th, 2024. Winners will be announced on June 10th, 2024.

9. How can I learn more and apply?

Visit the official hackathon website of the Bitcoin Meets Solidity Hackathon on Taikai for detailed information on how to apply, guidelines for submissions, and resources for developers interested in building on Rootstock.