Blockchain platform AVA has launched its first university hackathon, AVALaunch, with prices in excess of $ 50,000. It is aimed at students who develop innovative applications in their newly launched public test network. This has been reported through their communications on Medium.
In the announcement, they specified: “As part of the hackathon, Attendees can focus on developing new applications for financial products and services, building infrastructure tools that could one day be a portal for millions of people to access the network, or identifying and resolving serious errors“”
They also explained that AVA also offers summer internships to the participants who carry out the projects that are considered the best
Emin Gün Sirer, The CEO of AVA Labs commented
“The best open source projects are defined by their developer community. We hope that the next generation of engineers and entrepreneurs will accept our invitation to research and develop technologies that are critical to the future of finance.”
As highlighted by AVA Labs, the AVA platform is in a unique position to expand decentralized finance (DeFi) with a broad perspective of open finance by providing a comprehensive set of tools for asset issuers and an engine that is powerful is enough to meet the requirements of global and real-time settlement.
“AVA has speeds comparable to that of major centralized payment processing companies, higher security thresholds than other leading blockchain projects, and support for public and private networks that enable interoperability in their smart contracts,” they said.
Last week, one year after the official launch, AVA launched its first public test network to maximize network engagement and test the developer community, which will test key features before the mainnet launch scheduled for this summer.
John Wu, President of AVA Labs, said:
“This hackathon is just the first of many to be carried out as part of our AVA-X grant, education and engagement program to promote and promote exponential ventures on the AVA platform. It took a lot of work to get to this point, but now the real fun begins when developers around the world can push the code and create real projects of their own. “
Sectors such as payments, tokenization, digital identity, supply chain and the Internet of Things (IoT) are interested in AVA as a flexible DLT platform that enables unique requirements. Developers and companies around the world can now interact with AVA and build open finance applications on the public test network.
The AVA blockchain platform recently launched the first test network of the two planned public versions. The first version, they reported, enables participants to connect to a global network of validators and perform high-speed transactions. It reaches speeds of thousands of transactions per second and a payment purpose of less than two seconds. “With the launch of the public test network, the functions of AVA can be tested before the start of its main network (mainnet) later this year,” they emphasized.
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