CYFS launches CodeDAO Web3 Hackathon to build next-generation Web3
CYFS community is launching its first hackathon lasts for 7 days. During the hackathon, developers will develop next-generation Web3 applications with CYFS. There will be a offline kick-off meeting o at Plug and Play，440 North Wolfe Road, Sunnyvale on October 15, 2022. The kick-off meeting is going to show the idea of CYFS and teach developers how to develop on CYFS. Then teams will have 7 days to develop their projects from October 15,2022 to October 21,2022.
The top three winners will share will share prices and rewards worth $26000 and chance to attract seed capital.
- Zhicong Liu(chief Architect of CYFS, Bucky Cloud Founder. Chief Engineer at Xunlei Co) ;
- Zainan Victor Zhou, Lead Author of Ethereum ERC1202 Voting Standard. Co-founder of AlephCrypto.xyz;
- David Tse, Stanford University School of Engineering Thomas Kailath and Guanghan Xu Professor;
- David Roebuck, principal at cFund, Wave Financial Group, and Wavemaker Genesis
CYFS hopes this hackathon can let more people know what Web3 really is, feel the power of next-generation Web3 applications, and find next Mark Zuckerberg.
Build a next-generation Web3 application
When CYFS talks "next-generation" Web3 apps, it means that Web3 apps built on CYFS is quite different from the current Web3 apps, which are all essentially “Web2 + blockchain” apps. These apps have limited ability beacuse blockchain technology has its own limit. You cannot store all application data on blockchain, and cannot use all smart contracts to do most of complicated application computings. So, the most suiable field of blockchain is finance. Blockchain do has realized the decentralization of finance. So, we can see that all current Web3 applications, no matter it is NFT, decentralized game, metaverse,social app or DAO, are all turns to be "**Fi"s or new ways of financing. This is good, but when we talk about the vision of Web3，it is far more powerful than this that can have a revoluton to Web2, it should not only can do this. To better understanding this, you can see the this article:https://www.cyfs.com/blog-What-kinds-of-crypto-will-rise-in-next-bull-market
CYFS is the next-generation decentralized technology to first realize building fully decentralized Web3 apps in the world. Fully decentralized means there is no central nodes in any part of the app. Users can not only own their assets(token, NFT), but can also own their application data and application itself, completely breaking the Web2 giant's monopoly on the Internet. These can fundermantally change the underlying logic of Web. With CYFS we can feasiblly decentralized current Web2 apps we are daily using , for example, Twitter, Facebook, Github, etc. There will also be many new innovative business scenarios that current Web2 and Web3 models can not do. Let's explore it together. If you attend the kick-off meeting, you will be amazed by the power of a fully decentralized and liberal web for sure.
Developing on CodeDAO
The other sponsor of this hackathon is CodeDAO. CodeDAO is the first and only fully decentralized code hosting platform in the world. It is built on CYFS. Teams will use CodeDAO to do code hosting and git version control in this hackathon. CodeDAO itself is a very good example to show how next-generation Web3 apps will be like. There is no centralized server to store project data and handle user requests, instead every developer run their own CodeDAO application on their own OOD(owner online device, a terminal or VPS running OOD software) and can have a copy of the code. OODs communicate with each other in a P2P way. o, the final status of the repo is made by the consensus of all project members.
With CodeDAO , developers can trully own their code data and application.
It completely solves the drawbacks of all centralized code hosting platforms, bringing git tool back to a decentralized tool to do version control. CodeDAO has many other strong features, for example, developers can operate a open source project as a DAO and CodeDAO public community also operates as a DAO. From this we can see the capabilities of CYFS.
If you are amazed by what CodeDAO can do and have great idea inspired by CodeDAO, come and join the hackathon!
More info and registration: https://codedao.ai/hackathon.html
CYFS website: https://www.cyfs.com/
CYFS Twitter: https://twitter.com/cyfs_web3/
CYFS Github: https://github.com/buckyos/CYFS
CodeDAO website: https://codedao.ai/