C. Edward Kelso: Bitmain’s $50M ‘Permissionless Ventures’ First Project: BCH Dev Con

yoursorg wormhole-project wormhole tokenization south-korea smart-contract simple-ledger-protocol-slp shammah-chancellor san-francisco-blockchain-week san-francisco ryan-x-charles purseio permissionless-ventures news moneybuttoncom josh-ellithorpe jiazhi-jiang japan israel india hilton-san-francisco-union-square hackathon gabriel-cardona factcom epperly-li david-johnston coinbase china blockchain bitmain bitcoin-cash-bch bitcoin-abc bitbox bch-dev-con amsterdam

Bitmain’s $50M 'Permissionless Ventures' First Project: BCH Dev Con

Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States  San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV).   

Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules

Bitmain’s Permissionless Ventures Launches First Project

Arguably one of the most successful companies in the ecosystem, the crypto mining giant Bitmain, announced its first project connected with its Permissionless Ventures. Hilton San Francisco Union Square will be the venue to host the first BCH Dev Con, a Bitcoin Cash hackathon series.

Bitmain’s $50M 'Permissionless Ventures' First Project: BCH Dev Con

Over two days, on October 10th and 11th, the series will debut during the San Francisco Blockchain Week among some 5,000 visitors and attendees. BCH Dev Con is a way to encourage innovation and problem solving on the Bitcoin Cash network, including working with tokenization and smart contract platforms such as Wormhole, the company claims.

Epperly Li, Investment Director at Bitmain and Partner in its Permissionless Ventures, insists the $50 million PV fund “will operate more like an incubator, which will provide funding and also incubation for BCH developers. But this fund will be very neutral, open and creative, [and] will invest 60% into BCH projects and the other 40% into different blockchain projects.”

Coinbase, Factom, and Money Button to be Among Hackathon Judges

Ms. Li, during an interview with News.Bitcoin.com, continued, “Our idea is to build an open, innovative and creative ecosystem for BCH developers and communities. [We] want to work together with different blockchain communities to push forward the progress of blockchain technology.”

Bitmain’s $50M 'Permissionless Ventures' First Project: BCH Dev Con
Epperly Li

It appears the BCH Dev Con San Francisco will expand to Amsterdam, Israel, Japan, South Korea, and India, though concrete plans are not readily public at the time of publication. So far, the announced judging panel includes David Johnston of Factom, Shammah Chancellor from Bitcoin-ABC, Ryan X Charles of Moneybutton.com, Jiazhi Jiang from Wormhole, Josh Ellithorpe of Coinbase, and Gabriel Cardona from Bitbox. Evaluation is based upon five criteria: understanding of Blockchain technology, practicability, scalability, creativity, and BCH score (which includes use of Op_Return and Op_Datasigverify).

The hackathon’s principal focus, BCH, was done on purpose, according to the website. “To be honest,” organizers posted, “BCH is one of the most amazing Blockchain technologies we have ever seen in terms of its scalability, security and potentiality with smart contract in the future. There are some outstanding projects operating based on BCH or associated with BCH, for instance: Yours.org, Purse.io, Wormhole project, Simple Ledger Protocol (SLP) and many more.  We intend to attract more developers through these events and eventually build a stronger community with real-world use cases.” More information and registration can be found here.

Are hackathons a good way to encourage innovation? Let us know in the comments section below.

Disclaimer: Bitcoin.com is a sponsor of this event.

Images courtesy of Shutterstock. Gerald Fabrot contributed sourcing for this article.

Need to calculate your bitcoin holdings? Check our tools section.

The post Bitmain’s $50M ‘Permissionless Ventures’ First Project: BCH Dev Con appeared first on Bitcoin News.

Original article was created by: C. Edward Kelso at news.bitcoin.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
1 month ago Benefits of Blockchain to Any Industry
1 month ago Update — 12/10/2018
1 month ago The Daily: Kanye Teaches Opsec, Crypto Foes Join Forces
1 month ago Funny New Advert Shows Bitcoin Is on Google’s Mind
1 month ago The Daily: Kanye Teaches Opsec, Crypto Foes Join Forces
1 month ago Improving Bitcoin Reliability through Child Pays for Parent
1 month ago Largest South Korean Exchange Launches Crypto Market Indices
1 month ago Coinnest Executives Indicted for Accepting Bribe for Coin Listing
1 month ago SV Pool Mines Its First Block as November’s Bitcoin Cash Fork Approaches
1 month ago Programmable Money: Bitcoin Cash Community Debates Oracle Driven Upgrade
1 month ago The world’s first tokenized real estate fund
1 month ago Crowd Machine joins the OECD Blockchain Policy Forum
1 month ago Under the Tent: A Look at the Latest Openbazaar Marketplace Software
1 month ago How to Install a Bitcoin.com Wallet for iOS Smartphones
1 month ago Nimiq Community Meetup
1 month ago BCH Roundup: Merchant Adoption, Wallet Services, and Hackathons
1 month ago PR: Contentos Announces Investment From Binance Labs
1 month ago The Daily: Coinsquare Secures Banking Partnership, Québec Elections Bring Hope to Miners
1 month ago Announcing RCN API Prize at ETH San Francisco Hackathon
1 month ago BCH Roundup: Merchant Adoption, Wallet Services, and Hackathons
1 month ago Bitcoin Cash Speaker Series II Brings Leading Bitcoiners Together
2 months ago Wyoming’s Crypto Cowboys: First State Hackathon Lures 27 Teams
1 month ago Indian Cryptocurrency Exchange Shuts Down, Highlights Importance of Censorship Resistant Money
1 month ago India’s Zebpay Shuts Down Exchange Activities
1 month ago Japan Roundup: Bitflyer Restructures, Zaif Suspends New Member Registrations
1 month ago Google Bringing Back Crypto Ads in US and Japan
1 month ago BCH Roundup: Merchant Adoption, Wallet Services, and Hackathons
2 months ago Wyoming’s Crypto Cowboys: First State Hackathon Lures 27 Teams
1 month ago The Daily: Coinbase Launches Bundles, Coinswitch Supports Trading Without Account
1 month ago Bitmain Bids for Public Listing on the Hong Kong Stock Exchange
1 month ago The Bitcoin Files Protocol Provides a BCH Secured File Storage System
2 months ago Test Driving the Money Button — Simple Enough for a 9-Year Old
2 months ago New App Allows Users to Create a Custodian-Free Bitcoin Trust
2 months ago PR: EasyVisual Blasts Advertising Market with New Channel for Brand Promotion
2 months ago Wyoming’s Crypto Cowboys: First State Hackathon Lures 27 Teams
3 months ago Wormhole Mainnet and Developers Guide Launched
2 months ago An In-Depth Conversation With Coinbase Engineer Josh Ellithorpe
4 months ago Bitcoin.com and Purse.io Bolster BCH Spending Giving New Shoppers $10
4 months ago OP_Group or Tokeda? A Look at the BCH Color Coin Debate
2 months ago PR: Fabric Token Launches TokenGen 3.0 – The All in One Token Crowdsale Automation Tool
2 months ago Wormhole Developers Address Rumors Concerning Protocol Security
2 months ago Tip Bitcoin Cash Effortlessly on the Web With the Money Button

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
October 12, 2018

Win $100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest

Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $100 worth of bitcoin cash. Also Read: Bitcoin.com...

From: Bitcoin.com

The Daily: Kanye Teaches Opsec, Crypto Foes Join Forces

The last 24 hours has been one of those all-too-rare periods in which the cryptosphere unites against a shared enemy. We’ll detail who in The Daily, right after we’ve discussed blockchain spam, Blockfolio’s new funding round, and how we learned an opsec lesson from Kanye West. Also...

From: Kai Sedgwick

US Court Issues Emergency Order Halting a Planned Initial Coin Offering

An American court has put a stop to an initial coin offering (ICO) by a company claiming to offer “the first licensed and regulated tokenized crypto currency exchange & index fund based in the US.” The ICO promoters even invented their own regulatory authority, which seems to...

From: Avi Mizrahi

Largest South Korean Exchange Launches Crypto Market Indices

The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the country’s largest crypto exchange by the number of coins listed, has...

From: Kevin Helms

Funny New Advert Shows Bitcoin Is on Google’s Mind

Google, which currently sits on the fence with regard to cryptocurrency, took an opportunity to throw shade at digital coins like bitcoin core and bitcoin cash during an advert for its new call-screening feature. In the minute-long segment, popular comedians dressed as Google employees mock...

From: Jeffrey Gogo

Facebook Purge Continues: 559 Pages, 251 Accounts Removed Ahead of US Elections

Facebook’s Nathaniel Gleicher, Head of Cybersecurity Policy, and Oscar Rodriguez, Product Manager, announced that “Today, we’re removing 559 pages and 251 accounts that have consistently broken our rules against spam and coordinated inauthentic behavior.” It is another decision to purge...

From: C. Edward Kelso
Upcoming ICO's
This week overview
Token Name Starts
Aditus (ADI) logo Aditus (ADI) 1 days
PlayChip (PLA) logo PlayChip (PLA) 2 days
Stem Cell (SCIA) logo Stem Cell (SCIA) 2 days
Nodvix (NVDX) logo Nodvix (NVDX) 3 days
B21 (B21) logo B21 (B21) 4 days
Coingrid (CGT) logo Coingrid (CGT) 4 days
Empleos (PLEO) logo Empleos (PLEO) 6 days
InnovaMinex (INX) logo InnovaMinex (INX) 7 days
WHIRL (WRL) logo WHIRL (WRL) 7 days
Gturbo (GTR) logo Gturbo (GTR) 7 days
Talent Token (TLNT) logo Talent Token (TLNT) 7 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $5607.92329744 -0.2%
Ripple logo XRP $0.5045164891 -1.13%
Ethereum logo ETH $176.309169444 -0.33%
Bitcoin Cash logo BCH $382.711075164 -0.63%
Stellar logo XLM $0.2467379678 -1.06%
EOS logo EOS $4.5705926291 -0.33%
Litecoin logo LTC $42.1140592923 -0.33%
Tether logo USDT $0.9923880525 0.04%
Cardano logo ADA $0.0614342163 -0.65%
Monero logo XMR $88.8249364581 -0.41%
Tronix logo TRX $0.018792198 -0.26%
IOTA logo IOT $0.4103437197 -0.42%