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ISTANBUL, TURKEY – August 11, 2023 – HAQQ (Islamic Coin), a decentralized community selling honest, ESG-forward, and Shariah-compliant decentralized finance, introduced a $50,000 bounty Istanbul Blockchain Week hackathon to foster moral finance developments. Members can register here, beginning August tenth, 2023.
Alex Malkov, the CEO of HAQQ, shared his enthusiasm for the occasion,
“We’re excited to be the catalyst for such an essential event, one which nurtures a synergy of know-how and moral rules. The IBW hackathon sponsorship is extra than simply an funding in know-how; it’s an funding in folks, creativity, and a future the place Web3 means equity, sustainability, and cross-cultural collaboration.”
The hackathon goals to nurture and incubate options that promote constructive societal change and moral finance. Utilizing Solidity programming language, individuals will spotlight the distinctive values of HAQQ Community’s EVM-comparable chain:
- Moral Finance: Creating good contracts and decentralized functions that adhere to Shariah-compliant rules and promote moral finance practices.
- ESG-Powered Options: Constructing functions that contribute to environmental, social, and governance (ESG) powered change, addressing real-world challenges by means of decentralized know-how.
- Interoperability: Demonstrating the seamless deployment of present good contracts from different EVM chains onto the HAQQ Community and showcasing the chain’s interoperability capabilities.
- Inclusivity and Accessibility: Creating options that empower and embrace underrepresented communities, fostering monetary inclusivity and accessibility for all.
Members will compete within the Decentralized Finance (DeFi) for Social Influence observe, themed “Empowering Moral Finance By way of Decentralization”. The primary problem of the hackathon reads as follows: “Moral Decentralized Finance (DeFi) Platforms: Design and deploy DeFi platforms that adjust to Shariah rules, enabling moral monetary providers and merchandise for customers.”
Powered by the Cosmos SDK and the Tendermint Core consensus engine, HAQQ presents a scalable, high-throughput Proof-of-Stake blockchain. It operates with full Ethereum compatibility and interoperability, unlocking entry to Ethereum’s attain options, which, paired with Tendermint’s PoS, create a high-performance, quick, and safe blockchain surroundings.
This makes HAQQ a profound fusion of key blockchain options:
- Web3 and EVM compatibility,
- Distinctive throughput by way of Tendermint Core,
- Horizontal scalability by means of Inter Blockchain Communication Protocol (IBC),
- Speedy transaction finality.
Such structure incorporates Ethereum’s ‘geth’ as a library, offering a completely appropriate Web3 JSON-RPC layer. Builders can harness established Ethereum tooling and software program to seamlessly deploy good contracts that talk fluidly with the broader Cosmos ecosystem.
“HAQQ’s dedication to moral blockchain options aligns with the mission of Istanbul Blockchain Week. This hackathon is an thrilling alternative to harness the ability of collective innovation and encourage the subsequent era of builders,”
commented Erhan Korhaliller, the founding father of Istanbul Blockchain Week.
“In an business the place collaboration is vital, such occasions deliver forth a wave of progress and transformation that extends past our quick neighborhood to form the worldwide panorama of blockchain know-how and moral finance.”
Istanbul Blockchain Week, scheduled for August twenty second – twenty third in Istanbul Hilton Bomonti Resort, is the proper backdrop for this landmark occasion, highlighting the convergence of know-how, finance, and Islamic values in a hub famend for its enthusiasm for crypto and Web3.
About HAQQ
HAQQ is an ethics-first community that brings collectively sustainability-centered builders, validators, open-source contributors, and Muslim innovators in sustainable finance. As an EVM-equivalent chain primarily based on Cosmos SDK, HAQQ’s modern know-how permits for the seamless deployment of good contracts from different EVM chains. HAQQ goals to create a fairer, extra sustainable monetary system by balancing Shariah-compliant philosophy with cutting-edge know-how, utilizing Shariah Oracle – an on-chain registry of Halal Certificates that assures compliance with Islamic rules. HAQQ ensures its customers work together completely with whitelisted and Shariah-compliant dApps, minimizing unethical or Haram exercise throughout the community.
About Istanbul Blockchain Week
Istanbul Blockchain Week is an annual occasion that brings collectively blockchain fans, business consultants, and thought leaders from throughout the globe. Following its outstanding success in November 2022, which witnessed a powerful turnout of over 4,000 attendees and featured 120+ worldwide and Turkish audio system resembling Yoshihisa Hashimoto, Changpeng Zhao, Ziya Altunyaldız, and Şant Manukyan, IBW units to return to Turkey’s outstanding crypto hub from August twenty second to twenty third. As a dynamic platform for networking, data sharing, and exploration of the most recent developments in blockchain know-how, Istanbul Blockchain Week creates an surroundings conducive to collaboration and innovation. The occasion presents attendees a various program that includes keynote speeches, panel discussions, workshops, and exhibitions that delve into varied elements of Web3. Istanbul Blockchain Week presents a singular alternative for people to immerse themselves within the blockchain world and join with like-minded visionaries actively shaping the longer term.
Disclaimer: CryptoSlate is a media associate for Istanbul Blockchain Week.
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