Litecoin Track at the Bitcoin Olympics 2024

Build on Litecoin at the Bitcoin Olympics 2024!

Help us reach a $50,000 prize pool for developers building innovative Litecoin solutions!

The Litecoin Foundation invites you to participate in the Bitcoin Olympics 2024. Build projects that leverage Litecoin's unique features and integrate with the Bitcoin ecosystem for a chance to win!

Triple Your Impact: Donate to the Litecoin Track!

We've already secured $8,000! Now, every 1 LTC donated becomes 3 LTC thanks to matching donations from Charlie Lee (Up to $50k) and Galal Doss! Help us reach our $50,000 USD fundraising goal (in LTC equivalent)!

Why Build on Litecoin?

• Unlock New Possibilities: Explore cross-chain interoperability, privacy, scalability, and more.
• Attract a New Generation of Developers: Inspire and grow the talent pool working on Litecoin and blockchain technology.
• Drive Litecoin Adoption: Showcase the power and versatility of Litecoin through real-world projects.

Litecoin: A Proven and Reliable Cryptocurrency

As highlighted in the Bitcoin Takeover article on Litecoin (https://bitcoin-takeover.com/litecoin/), Litecoin is a proven and reliable cryptocurrency with a strong track record. Its key features include:

• Faster Transaction Confirmation Times: Litecoin boasts significantly faster block times than Bitcoin, resulting in quicker transaction confirmations.
• Lower Transaction Fees: Litecoin's lower fees make it an attractive option for everyday transactions and micropayments.
• Strong Security and Stability: Litecoin's established network and proven codebase provide a secure and stable platform for development.
• Scrypt Algorithm: The use of the Scrypt algorithm makes Litecoin more resistant to specialized mining hardware, promoting a more decentralized mining landscape.

How to Participate:

• Build a project that integrates Litecoin and demonstrates cross-chain transactions or interoperability with other blockchains, particularly Bitcoin.
• Focus on innovative solutions that leverage Litecoin's strengths and have the potential for significant impact on the broader blockchain ecosystem.
• Adhere to the official Bitcoin Olympics rules.

Prize Structure:

• Total Initial Prize Pool: $8,000 USD (additional funds to be raised through crowdfunding and sponsorships)
• Individual Rewards: Each prize will be capped at $1,000 per team. If there are more teams than prizes available, rewards will be based on the judges’ scores. Any additional prize money could be allocated at the judges’ discretion and/or evenly divided among the teams.

Criteria for Eligibility:

• Projects must integrate Litecoin.
• Demonstrated cross-chain transactions or interoperability.

Judging Criteria:

• Technical Innovation (30%): Originality, complexity, feasibility.
• Cross-Chain Integration (30%): Effective use of chosen blockchain (Litecoin in this case), seamless interoperability.
• Potential Impact (25%): Real-world applicability, scalability, community impact.
• User Experience (10%): Ease of use, documentation, and presentation.
• Presentation (5%): Clarity, engagement, professionalism.

Key Dates:

• Hackathon Starts: August 1st, 2024
• Last Day to Submit: August 27th, 2024
• Post-Hackathon Show: September 9th, 2024

For eligibility and rules, visit the official Bitcoin Olympics website (https://btcolympics.org).

Support the future of Litecoin! Donate and share this event today!