'Polkadot is Leading the World's Largest Ethereum Hackathon for Web3' polkadot ethereum
Polkadot is leading and bringing seminars, presentations, and a $15,000 prize pool to ETHDenver as part of the world's biggest Ethereum hackathon. Polkadot offers a $15,000 prize pool as part of the ETHDenver BUIDLathon . Since 2018, ETHDenver has brought blockchain and crypto engineers, designers, enthusiasts, cypher-punks, and the decentralised technology community to Denver, Colorado.
With new parachains being introduced to the Polkadot ecosystem regularly, the community is constructing new parachains for a chance to win a piece of the $15,000 prize pool. This sum is divided 50/50 across the hackathon's virtual and in-person components. The Polkadot ecosystem also has a vibrant community that includes everyone from seasoned developers to those intrigued by the technology and its potential applications.A parachain auction is an open, permissionless auction that allows parachains to connect to the Polkadot or Kusama Relay Chains. The auctions' goal is to distribute parachain slots to projects that desire to use either network. The main goal is to have up to 100 parachains operating simultaneously.
Only successful parachains with traction, active use, and a sustainable token economic model may keep a slot while abandoned or failing parachains relinquish their lease to more promising challengers.
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