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The Bolt-A-Thon Sequel to Spark Lightning Innovation

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From December 6 to eight, 2019, the second version of the Bolt-A-Thon will happen within the pure habitat of Bitcoin and the Lightning Network — the web. The Lightning-centered hackathon and convention is a follow-up to the inaugural occasion in April 2019, the place many artistic concepts had been introduced and plenty of Lightning-focused initiatives made tangible progress — as an example, after the multi-platform funds service Bottle Pay received the Bolt-A-Thon, it went on to lift $2 million to spice up improvement.

Speakers on the occasion, who will likely be making their displays by way of livestream, embrace Lightning Labs Infrastructure Lead Alex Bosworth, Blockstream researchers Christian Decker and Rusty Russel and c-lightning developer Lisa Neigut.

A Decentralized, Inclusive Conference Fit for the Technology

For a participation payment of solely 100,000 satoshis (about $8.30), Lightning fanatics from all all over the world can buy single-session tickets to look at these displays by way of Zoom. The occasion has eight classes (one for every speaker), so the overall value of watching all displays will quantity to 800,000 satoshis. The occasion’s ticket web page permits attendees to decide on classes individually.

In the true spirit of the Lightning Network, signup solely requires cost to generate a participation code used to hitch the livestreams, with the choice to submit an e mail handle as properly. There is not any obligatory KYC course of, no requirement to make use of an actual identify and no solution to discriminate amongst potential members. The worth is low sufficient to encourage fanatics from all all over the world to be taught extra and interact with the Lightning neighborhood.

“Our purpose right here is to supply a substitute for bodily conferences,” Bolt-A-Thon co-founder Andrew Yang informed Bitcoin Magazine. “I’ve witnessed conditions the place tickets had been very costly, and I additionally needed to take note of housing and journey prices — these had been often costlier than the ticket. The Bolt-A-Thon permits folks from all around the world to take part both by making a Lightning undertaking or attending classes.”

Building Innovation at Bolt-A-Thon

Participants within the hackathon might want to pay simply 100 satoshis (about $0.0083) and likewise show that they’re operating a Lightning node. In the ultimate day of the occasion, they should make five-minute displays about their initiatives and vote for the members whose work they take into account to be revolutionary and sport altering. Criteria for excellence embrace theme adherence (should use the Lightning Network for funds), applicability as a real-world use case (the sensible dimension) and “wow” issue (a side that will woo mainstream audiences and unfold adoption).

The successful efforts will likely be awarded with prizes that quantity to 0.45 BTC: 0.2 BTC for first place, 0.15 BTC for second place and 0.1 BTC for third place. Furthermore, the hackathon might function a platform for attention-grabbing initiatives to safe exterior funding from buyers and corporations excited by innovation — as Bottle Pay did.

The decentralized and merit-based nature of the occasion implies that an innovation from wherever on this planet might obtain a highlight.

“During the primary convention, we had attendees from Brazil, South Africa, Thailand, Spain, Argentina, Nigeria and the U.S.,” Yang mentioned. “Bitcoin occasions, displays and hackathon alternatives shouldn’t simply be for the first-world nations. Bitcoin is for the entire world and that’s why we expect making it digital permits us to succeed in and foster the worldwide improvement of Bitcoin and Lightning.”



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