Chia Network Announces Competition to Help Pave the Way for Eco-Friendly Digital Money 2110

Chia Network is developing a more environmentally friendly and functional alternative to bitcoin and is hosting a competition to improve Chia’s verifiable delay function (VDF), a proof-of-time protocol that will help enable a new era of Nakamoto-style decentralized consensus.

Chia “farming” relies on proofs of space and time to build and verify blockchains that issue digital money, replacing the proofs of work that are used in bitcoin and ethereum mining which waste massive amounts of energy, and where mining is quite centralized.

Contestants taking part in the three-month competition will create implementations of Chia’s VDF algorithm, which the company released today. One track of the contest will set benchmarks for the algorithm’s speed, while the other will help tighten its security. The winners will receive $100,000 worth of bitcoin.

“VDFs are a very important new primitive for cryptographic protocols, and we’re trying to determine how best to create them,” said Bram Cohen, Chia Network’s co-founder and the inventor of proofs of space and time. “Use cases for VDF include proof of time for Chia’s consensus model and decentralized randomness beacons.”

A VDF is a well-defined benchmark, where the inputs are known. Contestants will develop techniques to arrive at outputs, with the winner able to show the most iterations per second.

The competition, which will be judged by Chia employees and advisors, begins today and both tracks will run concurrently for three months. The two tracks are:

  1. Speed. Entrants for this prize will produce Apache-licensed code and a thorough description of approach that will solve a VDF at a given number of iterations and security difficulty in the fewest seconds on the reference hardware. The fastest implementation will win regardless of approach.
  2. Security. Entrants for this prize will submit a proof that a particular set of security parameters can be VDFs with security parameters of a particular size can be broken, rendering the VDF insecure at these sizes. The winner will have solved for the largest set of three security parameters.

Individuals and teams will submit their open-source code and a thorough readme file to a GitHub repository. Chia’s developers will run the code submitted in the company’s laboratory. The technical specifications of the reference hardware will be made available.

Previous ArticleNext Article

Leave a Reply

RFOX Launches the RFOX Metahack 2022, a Web 3.0 Hackathon Presented by Padang & Co 3057

1 2022 09 08 в 10 15 29

Metaverse company RFOX has introduced the RFOX Metahack 2022, a hackathon that will foster the development of creative Web 3.0 solutions to important challenges in the quest to shape the future of the Internet. Interested innovators can submit their applications to the hackathon on the RFOX Metahack 2022 website until September 30, 2022, at 11:59pm (GMT+8).

The RFOX Metahack 2022 aims to bring together innovative, talented individuals and teams who understand technologies like blockchain, crypto, and DeFi. The hackathon also serves as an avenue through which the RFOX ecosystem can help empower everyone to play, create, and earn in an immersive metaverse without borders.

The RFOX Metahack 2022 welcomes innovators to work with existing tools within the RFOX ecosystem and build new products and services to expand it. This virtual hackathon, presented by Padang & Co, and in partnership with AIKON, invites innovators to solve business problems and address new opportunities with the AI, blockchain, augmented reality, virtual reality, and Internet of Things spaces that can be incorporated into RFOX product roadmap.

Challenge Statements for RFOX Metahack 2022

There are six challenge statements featured in the RFOX Metahack 2022, representing the focus areas for innovation that hackathon participants can work on:

1. Mobile Games. Create mobile games – puzzles, arcade games, platformers, table-top games (checkers, chess, etc.) – implementing a play-to-earn mechanism using the blockchain and RFOX token.
2. Games SDK. Build a software development kit (SDK) that enables the creation of mobile games for players. Special consideration will be given for games that provide utility for KOGs NFTs (Keys to Other Games) and Choobs. KOGs can be represented in various ways: as cards, characters, miniatures, etc.
3. NFT Factory SDK. Create an NFT factory will enable anyone to create and share an NFT collection on a known marketplace.
4. RFOX Companion. Develop an RFOX mobile companion on Android or iOS. This app will be used by RFOX ID holders and will be a way to keep users connected to RFOX, anywhere and everywhere.
5. RFOX VALT (Metaverse) Connected Worlds SDK. Construct 3D worlds using the Unity Game Engine and demonstrate how to move resources between different 3D worlds.
6. RFOX VALT (Metaverse) SHOP Construction Set. build a user interface (UI) using the Unity Game Engine that will enable users to build their own shop. This shop will later be part of the RFOX VALT metaverse.

Prizes and Opportunities for RFOX Metahack 2022 Participants

Successful participants and teams in the hackathon will receive go-to-market support worth US$35,000 for their solution, a job opportunity with RFOX, revenue-sharing opportunities, NFTs, RFOX tokens, Oculus VR headsets, and more.

In addition, our hackathon official partner AIKON is sponsoring a giveaway of 50,000 ORE tokens and one year of ORE ID service free for the winners.

Ben Fairbank, Co-Founder and CEO of RFOX, said, “The launch of the RFOX Metahack 2022 is an important milestone for our team and a concrete step in our continuous mission to move the metaverse forward. We’re excited to work with promising tech builders during this event, and we look forward to empowering them in creating solutions and features that will enrich the RFOX ecosystem and the overall blockchain industry in general. We’re also happy to collaborate with Padang & Co on this game-changing event.”

“AIKON is thrilled to be the official partner of MetaHack 2022 – RFOX’s first hackathon,” said Marc Blinder, the CEO at AIKON and a core contributor to the ORE Blockchain. “We expect this partnership to drive and scale the AIKON developer community through co-hosting hackathons, bring more funding and technological resources to ORE decentralized funding programs for ORE devs, and ultimately accelerate ORE ID’s integration in the years to come.”

RFOX Metahack 2022 Events and How to Apply

The RFOX Metahack 2022 is divided into four parts:

1. Registration. The hackathon welcomes innovative individuals and teams to sign up for the event through this form.
2. Info Session. During this segment, RFOX introduces the hackathon’s overall program challenge statements to participants. Watch the info session here.
3. Virtual Hackathon. This segment includes technical workshops about the RFOX ecosystem, as well as mentoring and networking opportunities from key figures in the blockchain industry. After these sessions, hackathon participants are expected to submit their proposed projects. 
4. Evaluation and Pitch. Following an evaluation process, a select few projects will qualify for Pitch Day, during which the qualifying teams will present their solutions before a panel of judges. Each participant that is shortlisted for Pitch Day will be given coaching and further advice before their presentations. At the end of Pitch Day, winning participants will be declared.

For more details about the RFOX Metahack 2022, please go to this website.

TheTrade: unique decentralized exchange for DeFi enthusiasts 3314

Can a DEX offer more earning opportunities for crypto owners while relieving traders from watching the market 24/7?

Yes, and that’s what is being delivered by TheTrade – an exchange that offers decentralized trading based on isolated liquidity in Uniswap v3.

New opportunities for profit

TheTrade enables DeFi traders to limit orders and trade the derivatives market with different leverage but uniquely.

Previously, when users opened limit orders on Uniswap, they had to closely watch the market and execute the order once the asset reached its price. Now, with TheTrade, order execution duties are delegated to executors. Anyone with an Ethereum account can fill the role and gain commission for their work.

Another earning possibility lies in the liquidation process. When a leveraged position gets undercollateralized, any protocol user can take on the role of a liquidator. They call TheTrade smart contract to liquidate the position and receive a generous commission.

Let’s get into more detail on how exactly both roles fit into the TheTrade ecosystem.

The role of Executor in Limit Orders

When a trader opens a position, they choose the asset they want to sell and the one they wish to receive. They also specify the price they’re ready to pay for the former. Then, the trader signs the transaction in their crypto wallet and pays for the gas and order execution fees.

Next, TheTrade smart contract places the received funds into the Uniswap v3 liquidity pool. The trader can focus on other tasks while the executor monitors the market and the process of liquidity transfer. Isn’t it powerful? Once the price of the desired asset enters the specified range and converts into another asset, they will notify the smart contract to execute the order.

After that, the asset, along with a commission for providing liquidity, goes to the trader’s wallet. And the executor receives the previously mentioned fee for order execution.

The role of Liquidator in Margin Trading

To open a leveraged position, the trader needs to provide an asset, choose a leverage option, and specify which asset they want to use to utilize market volatility. Then TheTrade smart contract adds the required amount by taking it out of the TheTrade isolated liquidity pool.

If the trader’s prediction is wrong and the market goes in the opposite direction, the position has to be liquidated. And this is where any protocol user can take on the liquidator role. They need to call TheTrade smart contract to liquidate the position.

Once the assets are swapped back, the smart contract returns the borrowed amount minus losses to TheTrade isolated liquidity pool. The liquidator receives a robust commission.

CEX-like convenience with DEX security

For a long time, centralized exchanges have been catering to all crypto traders’ wants and needs. Limit orders, multiple leverage opportunities, and full automation allowed professional market players to utilize their knowledge and experience to earn more. Yet, due to centralization, users’ funds became vulnerable to various scamming techniques. If the hacker cracked the CEX, all investors’ accounts would be at risk.

Decentralized exchanges focused on changing that by offering the crypto community total security. However, that left the development of advanced tools for professional traders for the future. But for TheTrade users, the future is already here.

“Our solution is a decentralized exchange platform that combines security, professional trading instruments, and full potential of isolated Uniswap v3 liquidity. With TheTrade, the traders won’t have to lose their time and money watching the market and the progress of liquidity transfer. They get to earn additional funds to provide their liquidity instead.

For users who want to boost their trading power, our platform offers multiple leverage options and low margin commissions” — Andrii Opanasiuk.

Benefits of using TheTrade

  • Professional trading features, including automated limit orders and multiple margin trading options.
  • Complete security with no risk of slippage or sandwich attacks on limit orders.
  • No protocol commissions on limit orders.
  • DAO solutions.
  • Big investors are interested in a long-term partnership with the TheTrade platform.

Join TheTrade in transforming the DeFi industry

The initial DEX Offering is right around the corner, and the project has already secured significant investments. Hence, TheTrade developers are already working on expanding the toolkit and making it even more convenient and profitable for all users.

Are you ready to learn more about the DeFi transforming project? Explore the TheTrade website, and be one of the first to join the growing community of TheTraders!

Aada Finance launches first lending and borrowing app on Cardano mainnet 3409

Aada Finance, a crypto assets lending platform, announces the imminent launch of the Aada Finance V1 lending and borrowing protocol on the Cardano mainnet. The release is scheduled for Sept. 13, making Aada V1 the first lending and borrowing protocol to launch on the Cardano mainnet.

Aada V1 leverages the first-mover advantage

After months of public testnet, Aada Finance is finally ready to deploy its eagerly anticipated app. The release brings lending and borrowing to Cardano, introducing decentralized finance (DeFi) primitives to the network for the first time. The event marks a significant milestone in the blockchain’s development, which will surely benefit the entire ecosystem.

Aada Finance plans to launch in anticipation of the Vasil hard fork, which will update the Cardano network. The team aims to leverage the first-mover advantage thanks to its V1 protocol’s peer-to-peer approach. While it provides a straightforward and efficient solution, the smart contract concept will mitigate future risks associated with hard fork migration.

A successful external audit to ensure high-level protocol security

A crucial aspect of the protocol’s security was the external audit. It was carried out by Vacuumlabs, a crypto and fintech company and a subset of WingRiders with extensive audit experience. Some of their accomplishments include finding security flaws in two top 10 cryptocurrencies and developing security guidelines for a renowned hardware wallet.

The Vaccumlabs’ thorough code review was a necessary step to ensure robust and risk-free smart contract implementation before the mainnet launch. It also aligned with Aada Finance’s product-first approach, which will allow users to lend and borrow safely and seamlessly without putting their funds at risk.

About Aada Finance

Aada Finance is a fully decentralized lending and borrowing protocol built on the Cardano blockchain. Its smart contracts allow users to lend and borrow assets in a peer-to-peer manner using the unique nonfungible token bond strategy.

Other unique features introduced by the platform are multi-asset lending and borrowing and the Aada 3-Node Liquidation Oracle. The latter plays an essential role in enabling lenders to liquidate their loans in the event of rapid loan health factor downfall.

The upcoming Aada Finance release culminates several months of work and development. The team acknowledges and is thankful for the community’s patience and support during the project’s early stages. To this end, it pledges to continue to follow its core principles of community-centric commitment and a build-first approach to Cardano DeFi.

Quidd Launches Artist in Residence Program for the Public 3906

1 2022 08 25 в 11 21 39

New York, NY: Quidd, the digital collectibles and NFT marketplace of Animoca Brands, today announced the launch of its Artist in Residence Program, debuting with the world-famous and commercially successful artist Todd Goldman. The initiative, a first of its kind for Quidd, offers creative and strategic partnerships between Quidd and notable creators from both traditional and NFT media across a wide range of styles. Quidd Artists in Residence will partner on multiple exclusive projects, specifically structured for Quidd’s innovative gamification, unique Mintables technology, and audience of over 8 million collectors.

Since its founding, Quidd has collaborated with large, global media companies and brands like Disney, CBS Interactive, the Jim Henson Company, and others to bring digital collectibles and accessible NFTs to market through fun and rewarding collecting experiences. The Artist in Residence program expands on these celebrated launches by leveraging the creative powerhouses of these artists and building custom, collectible-focused drops that will be having increasingly large influences on how Quidd and the digital collectibles and NFT market evolve.

“The Artist in Residence program is one of the most important initiatives at Quidd, one that is going to have a profound impact on how the growing population of digital collectors finds and fall in love with new collections,” said Sam Barberie, VP of Content at Quidd. “Everyone has artists and creators that they love, but rarely do those artists get to be intimately involved in the future of platforms where they are. It’s as if YouTube creators got to help craft the future of YouTube, rather than being stuck as things change around them.”

Todd Goldman’s first collection on Quidd was an instant success, quickly selling out and setting a new standard for Quidd collections with unique, physical awards from creators.

“It made perfect sense to launch the AIR program with Todd,” said Barberie. “He’s a creative genius with an infinite number of ideas, and someone who truly gets the digital collectible and NFT market. He wants to push the envelope of what Quidd does.”

Goldman, in his usual fashion, quipped, “I am super excited to be working with Sam and his team as I’m a huge fan of Squid Games. I binge-watched the whole season in one day. I had no idea they did NFTs so I jumped at the opportunity to work with them. I love creating fun collectible characters and Quidd helps me reach an audience I’ve never had before. It’s a great match and I hope to be working together for years to come.”

Quidd will soon be announcing more artists joining the program. Artists wishing to get involved can apply at

About Todd Goldman

Todd, like everyone else, had a childhood dream. His dream was to become a Brazilian Olympic figure skater. But unfortunately for Todd, he wasn’t Brazilian and didn’t know how to ice skate. That and Brazil didn’t even have an ice skating team. Sure Todd looked great in sequin tights, but he had to hang them up for the time being and find something else to do with his life.

But Todd always knew he was special. Not “wear a helmet and ride the short bust” special, just special in a unique kind of way. And that uniqueness was reflected in Todd’s humor and drawings. So that’s what Todd did, he became an artist. A different kind of artist…One that makes people laugh with his art. And believe it or not, people actually took a liking to it. So much that Todd’s art can be seen on all kinds of cool products. From t-shirts and mugs to pajamas and greeting cards, to pillows to tote bags, and soon-to-be NFTs.

In addition to merchandise, Todd’s paintings and prints are sold in art galleries all around the world. Plus, Todd has over 40 books published and several animated TV shows and movies in development. So as you can see Todd keeps himself busy. Sure, Todd sometimes ponders what his life could have been as a Brazilian figure skater…but honestly, he is quite happy making people laugh with his art. And yes, Todd still wears his sequin tights around the house.

About Quidd

Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. Since 2016, Quidd has worked with the world’s most prominent brands, including Disney, HBO, Funko, and over 300 others, to bring fan-first collecting to digital and blockchain platforms. The Quidd marketplace is the most innovative, robust, and accessible platform for digital and NFT collecting experiences.

Website | Twitter (QUIDD Token) | Twitter (Quidd Platform) | Discord | Telegram | Medium

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap. Animoca Brands has a growing portfolio of more than 340 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit or follow on Twitter or Facebook​.

Quidd: [email protected]

GameSwift partners with Polygon to build a Web3-gaming ecosystem 3800

GameSwift has announced that it’s creating a Web3 gaming ecosystem that aims to enable the mass adoption of Web3 games. This new approach to the market by the fundraising platform on the Terra blockchain came from its strategic partnership with Polygon. This partnership will allow GameSwift, formally StarTerra, to begin setting up its innovative ecosystem, leveraging the Polygon Edge technology and zero-knowledge proof. It aims to become a one-stop shop for games and gamers looking to get involved in Web3.

GameSwift will benefit from StarTerra’s popularity as the first and largest launchpad in the Terra ecosystem as a result of its introduction of gamification to the process of financing new projects and numerous innovations in the field of crowdfunding. Automatic allocation systems, awards for the best participants and other elements paved the way. The average number of initial decentralized exchange offering investors exceeded the average of DAO Maker, the world’s largest Web3 platform of its type.

GameSwift leveraging the power of Polygon technology

The former StarTerra has rebranded and is currently setting up its own chain using Polygon’s technology, changing its business model and focusing on the Web3 gaming segments. Additionally, Polygon awarded the GameSwift team a one-of-a-kind financial grant as part of the partnership, making GameSwift the ecosystem of the first choice for all Web3 games built on Polygon.

GameSwift is a decentralized Web3 ecosystem focused on the gaming industry. Its goal is to provide all the tools developers and gaming studios require to implement projects in the Web3 space. This year, GameSwift will launch a tool allowing users to log into multiple games and applications with a single account, similar to how a Google account, Apple ID or Facebook account works. The mission of GameSwift is to provide a simple blockchain onboarding process for gaming projects so that developers can focus on what they do best: innovate.

The core business change at GameSwift is a response to market demands. Since 2020, the Web3-gaming market based on blockchain technology has rapidly grown. Investors donated $1 billion to new Web3 projects in January 2022 alone — 25% more than in 2021. Web3 gaming will receive a record number of new investments by the end of this year.

Web3 gaming to revitalize the gaming industry

Web3 has transformed many industries, including gaming. Web3-based games, in contrast to traditional gaming platforms, allow players to interact with the games in novel and decentralized ways. For example, people can earn money by playing with nonfungible tokens. This democratizes all aspects of gaming and places primary power in the hands of the player rather than one central authority within a game.

In traditional gaming, even though in-game content or digital assets can be purchased with fiat currency or claimed as rewards, game operators retain ownership of the in-game content. In other words, players do not own the digital assets used in-game.

About GameSwift

GameSwift is a game-changing product that is reshaping the entire Web3 gaming industry.

It provides all the elements required to create a true Web3 gaming empire as a decentralized and community-driven ecosystem. It is a 360-degree platform for game developers and gaming studios, providing all of the tools required to launch Web2 games into the Web3 environment and a space for true gamers who want to participate in the crypto world and become a part of Web3.

Finally, its vision is to create the largest gaming community possible, ensuring that games gain immediate traction and can easily reach many players.

GameSwift arose from the convergence of blockchain innovation, a love for gaming, a solid technological foundation and decentralized financial technologies.

TiFi Ranks Among Top BSC Projects as it Rounds Up its 3rd Quarter 3860


TiFi is building an integrated finance ecosystem called TiFi Allverse, which includes a shopping & trading platform with NFT and TiFi Token, and a Decentralized Exchange System. The ecosystem has reached several milestones only a few months into its launch and has become one of the top projects on the BSC blockchain.

The two key factors behind its success have been the utilities the ecosystem provides through TiFi bank and the recent success of Allverse. The Allverse concept, introduced by TiFi, aims to connect the metaverse and the physical reality. It creates a seamless platform for trading goods between the virtual and physical worlds. Instead of having real-world things delivered to clients, the idea is that people can shop and trade products using NFT. Customers and suppliers will not have to put up the effort to touch and store the product and leave it with the vendor until they are ready. The whole process will be streamlined and automated, making it simpler, quicker, and safer for both customers and suppliers. Additionally, TiFi develops the infrastructure for dependable suppliers so they may safely store and transport the goods to customers.

Additionally, TiFi will interface with suppliers such as Apple, Tesla, and well-known premium brands. These businesses receive a large number of order requests, but their inventory of goods is insufficient. However, they can create NFT using our platform, which will act as a temporary virtual possession of the asset. Customers can exchange the item once it is available and then redeem it later. For instance, when gas prices rose, many consumers purchased Teslas, but there weren’t enough inventories to meet demand. In these situations, TiFi NFT can be utilised as a special digital asset to prove ownership of the physical asset without having to deliver it to clients.

Due to the enormous market demand, TiFi Allverse is a fantastic choice for products that are in short supply. The NFT itself has value and can be traded much more easily and quickly than the actual goods. It’s significant to note that ownership of an NFT corresponds to ownership of the actual product. The reliability of the vendors and the worth of the actual product support the NFTs’ ideals.

In addition to trading stimulation, TIFI provides an auto-burn mechanism and prizes for reflection. They will ensure that TIFI holders receive the most value and anti-inflation protection for their investments.

According to BscScan, TIFI presently has more than 57,000 holders, and CertiK audits it. The TiFi team intends to create an integrated finance ecosystem in addition to the TiFi Token and TiFi Shopping & Trading Platform. TiFi is a rapidly expanding initiative. A DEX (Decentralized Exchange) Platform is also a part of the ecosystem, allowing TIFI holders to exchange cryptocurrencies and earn more TIFI in one place.

TiFi Bank continues to see greater adoption and rightly so

The DEX (Decentralized Exchange) TiFi Bank operates on the Binance Smart Chain and offers competitive rates for trading tokens as well as greater incentive rates for liquidity providers. Swap and liquidity are the two key elements of the initial TiFi Bank release, which was on July 12. TiFi Bank charges switching costs when trading per pair at a rate of 0.20 percent, which is 20% cheaper than PancakeSwap.

All about the various utilities on TiFi

TiFi offers several exciting options to users, including a marketplace to purchase articles and real-world products using NFT and cryptocurrency. It will transform the whole shopping experience and enhance the reach.

TiFi Bank, one of the most anticipated projects in the ecosystem, allows TiFi token holders to stake, exchange, and earn their holdings, all of it through a single platform. Also, it has a dedicated platform to purchase, sell and trade NFTs.

The various subprojects in the TiFi ecosystem have helped the platform gain widespread adaptation and become one of the most preferred platforms. The ability to perform a plethora of actions, all in one place, is one of the key aspects behind the success of the project. Another critical aspect is the market-oriented tokenomics and the smart contracts employed by TiFi.

Besides, it has partnered with several popular and credible names in the industry, including Yahoo Finance, NewsWire,, Obsidian, Vulcania, and Ivendpay, amongst others. If you haven’t yet, check out TiFi today and acquire the TiFi token!

To learn more about TiFi visit