over 2 years ago

Welcome to #HackStacks - Open me for important info!

Hey Stacks Hacker, Thanks for your interest in joining the #HackStacks Hackathon! This is a unique opportunity to build products and tools secured by Bitcoin through the Proof of Transfer (PoX) consensus mechanism. Best of all, your creations will support mining and stacking, functionality that enables all stakeholders to earn rewards on the Stacks 2.0 network. TL;DR on PoX, Mining & Stacking:

PoX is a mechanism that uses the security of an established Proof of Work (PoW) blockchain to launch a new blockchain
The new Stacks 2.0 blockchain will launch using the Bitcoin blockchain
PoX will reward network participants Bitcoin for doing useful work like consensus participation
Stacks 2.0 miners spend some Bitcoin in order to earn Stacks (STX) tokens
Stacks 2.0 stackers earn Bitcoin rewards (from miners) for locking up their STX tokens and participating in PoX consensus
For more technical details on PoX, mining, and stacking, go through the full whitepaper.

As a #HackStacks participant, you’ll be building products and tools that make it easy for anyone to start mining or Stacking on Stacks 2.0. For ideas on what to build, check out this directory. Looking forward to seeing what you build! Best, #HackStacks Team

Questions?

If you have any questions about the hackathon, please post on the discussion forum or reach out on discord if you have any questions: https://discord.gg/3STbsx7.