Bringing traditional finance into the decentralized world
Blockchain protocol Harmony will organize a hackathon next month with over $1,000,000 in prizes and seed funding from Harmony and its partners. The goal of the hackathon is to bring traditional finance into decentralized finance.
Harmony believes that blockchain technology needs traditional finance in order to grow. The experience from the traditional finance sector will help to improve decentralized finance (DeFi). This hackathon event focuses on people in traditional finance, frustrated with the regulations, constraints and institutional policies. Harmony wants to help to unshackle finance.
Signing up for the Harmony hackathon can be done until August 15th. The hackathon itself will begin on August 15th until September 30th.
What is Harmony
Many blockchains operate on their own, while some offer bridging technology. Harmony wants to become the one bridge to all blockchains. It’s an open platform for assets like tokens and NFTs, for collectibles, game items, but also identity governance.
The Harmony mainnet has been live for quite some time, and the developers keep improving the ecosystem. Right now Ethereum dapps run on Harmony with 2-second transaction finality, and fees that are 100 times lower. Users can smoothly move their assets using secure bridges from Harmony to other blockchains, for example Ethereum and Binance Smart Chain.
DappRadar will integrate Harmony into its dapp discovery platform later this year. With $1,000,000 in prizes and DappRadar integration coming up, there’s no better time to start bringing dapps to Harmony. Join the Hackathon, get your Harmony dapp on DappRadar!
As a blockchain solution, Harmony has a perfect position to fit in with the multichain future the blockchain industry is heading towards. A variety of DeFi protocols have been making efforts in launching their products across different blockchains, and Harmony can give this multichain future a significant boost.