The Bitcoin exchange Binance announces the SAFU Hackathon. In the coming year, IT specialists will have to hack for 32 hours. The focus of the competition is on closing or preventing security gaps. The winners will be rewarded with six-figure prize money.
Binance never tires of preparing the world for the upcoming adaptation of crypto currencies. Just recently, the Bitcoin exchange introduced the possibility of trading crypto currencies with several trading accounts. The declared aim is that institutional investors and with them more capital should flow into the crypto market.
Bitcoin news: Make Crypto SAFU (again)
Now the stock exchange around CEO Changpeng Zhao is devoting itself to the next big Bitcoin news: security. And this is not a scam says onlinebetrug. The company’s intention here is to ensure and improve the internal technical security of the exchange. Under the title „Query Platform for Address Security: Is the transaction address you are sending your crypto to SAFU?“, 100 developers will meet in Singapore on January 19 and 20 to improve the technological security of the exchange.
Buidl for more security in the Bitcoin formula sector
The Bitcoin formula hackathon is organized by Binance and „Tribe Selector“, a state blockchain organization. The official Bitcoin formula announcement states that the BUIDL platform will be set up to increase security in the crypto sector:
„Binance SAFU Hackathon calls on all #BUIDLers in the world to join us in visiting BUIDL, an open platform that fights against fraud, hacks and money laundering to protect our users.
We hope that this will create a community and culture that collects information about fraudsters, hackers, money launderers or suspicious activities and makes the crypto community a safer place.“
The Crypto Exchange also promises winners an attractive reward. With a total of USD 100,000 in the form of the exchange’s own Binance token, this also provides a financial incentive.
ConsenSys is one of the largest and most successful blockchain focused start-ups. How does the cooperation in this „organism“ work? These and other questions are answered by Jose Caballer and Patrick Degenhardt from ConsenSys.
Bitcoin news: For the Christmas season we provide you with something special:
For every Advent Sunday we publish a special episode of the Bitcoin news Podcast by onlinebetrug in English. ConsenSys was founded by Joseph Lubin, co-founder of Ethereum itself. The Bitcoin news start-up wants to translate the potential of Ethereum into reality. It uses an innovative organizational structure – decentralized, in line with the blockchain itself. The employees, who are spread all over the globe, usually work remotely, so they don’t sit together in the same office. Active communication is therefore particularly important. ConsenSys has an ace up its sleeve for effective team collaboration.
Organizing a decentralized Bitcoin formula
Corporate culture is at the forefront at Bitcoin formula. Here is the review by onlinebetrug. When hierarchy loses importance, the method of decision making and communication must gain in importance. The task of Jose Caballer is to establish this method and to teach it to every single employee of ConsenSys. Jose is the Culture Chef for ConsenSys, but „Chef“ does not mean „boss“, but refers to the kitchen. Jose himself believes that true teamwork is particularly evident in cooking. With a pragmatic attitude and many years of experience, he went to work at ConsenSys. The aim was to bring the members of the individual subgroups into line at ConsenSys. So that everyone could pull together in the same direction.
ConsenSys consists of makers. People who are motivated and passionate about starting projects and want to influence the real world. Furthermore, participation is the be-all and end-all in a group. If a group of people comes together, the first task is to think about and formulate a mission. Accordingly, all participants must be involved in this process so that there are no distortions later on. In this way, ConsenSys gathers talent behind a common cause. The success speaks for itself: Within the last 18 months, ConsenSys has grown from 150 employees to over 1,100 employees.