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The Global Dev Competition has been launched by digital asset blockchain protocol Bytom in the hopes of furthering the development of blockchain technology and its applications while fostering cooperation between developers based in China with those located internationally.

A total prize fund of 2 million BTM (now worth around $350,000) has also been allocated by Bytom to the contest winners.

Bytom hopes that the event will help uncover new talents within the blockchain industry, giving the company the potential to tap into new development capacities while enhancing the open-source and sustainable nature of Bytom’s architecture.

Register now and partake in the 2 million BTM competition

The contest is now available for new registrants, and will begin with an online preliminary stage, during which contestants will upload their coding on a website to be designated. Bytom has already prepared a developers guide to give technical support and understanding of the Bytom technology to participants.

Two weeks after this preliminary deadline, a shortlist will be issued by Bytom, informing finalists to take part in a close development phase from October 18th to 21st, 2018 in Hangzhou, China. To cap off the event, the Bytom Developers Conference will be held at the end of October 2018 in Silicon Valley.

The Bytom Public Protocol: a 3-way path

The Bytom public protocol gives developers the option to select three main paths.

The first path is that of a tokenized economy, by building tokenization logic along with issuance and applications. Joorschain, founded by digital ad companies listed in Switzerland, is one such example. Another is the recent asset tokenization using Bytom blockchain for development, conducted by a Hong Kong TV station.

The second path involves using supporting tools to explore and search the blockchain, such as Btm-scan to track wallets, tokens, transactions, and prices or Fish/F2Pool’s AI Miner to optimize mining and facilitate large equipment via a single button, multiplying by many times Bytom’s computational power.

The third path leads developers to create Bytom-based decentralized applications (Dapps) all based around traditional assets such as bonds and equities.

Bytom, built for developers

Along its route to commercialization, Bytom’s core was established by its April mainnet launch and July activation of smart contract capabilities. Using its own custom Equity language, Bytom is built by a high-level interpretive language that is Turing-complete, essentially allowing for easy operation of Bytom assets and flexible integration into all types of asset business cases.

It is these multiple byte-assets that form Bytom’s interactive protocol, allowing for various forms of operations of heterogeneous byte-assets (indigenous digital currency, digital assets) on Bytom’s blockchain. It also lets users register atomic assets (information that sits in the physical world such as warrants, securities, dividends, bonds and intelligence information.

Bytom means that all these assets can be used, manipulated and interacted with in increasingly complex and contract-based inter-operations. Bytom is the bridge between the physical and the digital, a decentralized ecosystem for registering and exchanging all kinds of assets in the digital and real worlds.

Bytom will be the biggest dedicated public blockchain platform on the planet, connecting all kinds of asset classes to blockchain, increasing their security, liquidity, and ultimately, value.

To learn more about the technology and idea, visit the Bytom website or read the Bytom whitepaper. Register now for the Global Dev Competition or get in touch with the community on Facebook, Telegram, Reddit and Twitter.

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