Popular bitcoin buying/selling house (and wallet service) Coinbase has launched BitHack, an online hackathon that is open to “developers who want to create something great with bitcoin.”
In order for developers to get involved, they must sign up to Coinbase, register to BitHack, and get their projects going.
Applications must be submitted by 11:59 pm PST on the 16th of March — and three prizes will be awarded to the best apps, judged by BitHack/Coinbase.
First prize wins $10,000 worth of bitcoin, 2nd prize wins $5,000 worth of bitcoin, and third place wins a reasonable $3,000 worth of bitcoin.
Apps submitted for consideration will be judged in three areas: Creativity (originality and innovation), Usability (ease of use and utility), and Execution (lack of bugs and strong on details).
It’s a fantastic way to encourage the talent in the bitcoin community to build something great and useful.
We’ll be checking back in March to see how this pans out. In the meantime, if you’d like more information, you can follow this link.