San Francisco’s Ethereum Hackathon Sees Over 1,000 Hackers Revealing ETH Interest is Still High
San Francisco’s Ethereum Hackathon Houses 1,000 Developers, Interest in ETH Clearly Persists
An ongoing point that has been made over the course of 2018 is that of the falling of the crypto market. Much of the focus has been placed on Bitcoin’s fluctuating prices, and it comes of surprise that not a lot of that same attention was given to Ethereum [ETH] or other altcoins. As important as it is to discuss how the giant has been traversing within the market, Ethereum is a crypto that has taken several hits.
At the time of writing, ETH is valued at approximately USD$229.88, which is almost a sixth of its all-time high of approximately USD$1,400. This has puzzled many given the fact that the Ethereum blockchain has contributed to the creation of several crypto projects. This same point was also argued as being the problem for the second largest crypto, as it resulted in longer wait times, higher transaction fees, and its overall delayed performance. One would assume this means the end for ETH, but it is supposedly not the case.
ETHSanFrancisco is a three-day Ethereum Hackathon event, which took place at the Palace of Fine Arts between October 5 and 7. Turns out, over 1,000 developers of varying backgrounds showed up to maximize on the numerous hacking resources provided (i.e. mentors, sponsors, and software). The event was completely free, however, travelling expenses were the developers’ own responsibility.
The purpose of the hackathon was to house as many developers as possible to help gain more programming and technical experience. In particular, the event was dubbed as, “an opportunity to work alongside the developers, industry experts, advisers and companies, who are making the infrastructure and applications that will power the new decentralized web.”
The description of the event purely reflected what went down during the hackathon as several industry experts were present, some of which include the renowned, Vitalik Buterin, CTO of Coinbase, Balaji Srinivasan, Ethereum Foundation’s Researcher, Vlad Zamfir, Simon de la Rouviere from ConsenSys and many others to name the least.
This isn’t the first Ethereum-based hackathon to have taken place, as others such as ETHWaterloo, ETHDenver, ETHBuenoesAires, ETHIndia and ETHBerlin have since been hosted and become major hits.
Task(s) Given To Attendees/Developers
The hackathon invites teams (consisting of a maximum of four people), who will be given 36 hours to come up with “something great”, provided the aforementioned hacking resources. A panel of industry experts will then evaluate the ideas based on “creativity, technical difficulty, design and usefulness,” and the top ten to have impressed the panel will watch their projects demoed during the closing ceremonies.
ETH Sees Continuing Network Growth
According to a recent News BTC report – who quoted a “popular independent vlogger” – interest in ETH and its platform persists. This affirmation was made based on the number of downloads of ETH’s Truffle (50,000 downloads per month). Given the trends continue at this exact rate, it has been projected that Ethereum will have added another 500,000 developers by 2018 year-end.
Are you convinced that Ethereum is still a preferred cryptocurrency and platform? If not, let us know why in the comments below.