Reactive Network Boosts Ecosystem with $50K Hackathon

Reactive Network kicks off its $50K hackathon to strengthen its ecosystem and drive innovation in decentralized app development. As a fully EVM-compatible execution layer, Reactive Network empowers developers to build powerful dApps using its unique Reactive Smart Contracts, with a strong focus on automation and cross-chain interoperability.

Moreover, these smart contracts automatically execute transactions based on real-time on-chain events, eliminating the need for manual triggers or off-chain data. This not only simplifies but also enhances DApp functionality. The Reactive Network creates a seamless, self-sufficient blockchain environment by reducing reliance on external oracles and off-chain computations.

The hackathon, in particular, highlights the network’s groundbreaking “Reactive Smart Contracts” and ReactVM. This cutting-edge technology supports multi-threaded, random-order transaction execution, offering developers a highly efficient platform for blockchain development.

Some key highlights of the hackathon include:

1. $50K Prize Pool

• $15,000 in cash prizes, including bi-weekly challenges.
• 35,000 USDT in grants for standout projects.

1. Workshops: Several educational sessions will cover Reactive Smart Contracts, and ReactVM, and provide valuable tips for participants.
2. Timeline: The submission period started on September 9, 2024, and closes on November 4, 2024. Afterward, winners will be announced on November 11 following a review period.
3. Judging Criteria: Experts from companies such as Axelar and Frax Finance will evaluate the projects based on innovation and impact.

In conclusion, this hackathon strategically positions Reactive Network to accelerate growth, enhance its technology, and further strengthen its ecosystem by directly engaging developers and the broader blockchain community.