Introduction

STATE token on Parastate testnet is used for gas fee and voting during this hackathon. Check how to claim $STATE: https://medium.com/ethereum-on-steroids/claiming-state-tokens-f3eba88f2b02

ParaState, or Ethereum on steroids, is a multi-chain smart contract platform that extends the frontier of Ethereum using the Substrate framework. ParaState bridges the application and developer ecosystem between Polkadot, Substrate and Ethereum and other networks that provide high-performance Ethereum compatibility. ParaState is holding a two-month hackathon Oct.16th 21: 00 ET to Dec.15th 21: 00 ET. This event is co-organized with DoraHacks and will provide a total of 100,000 US dollars in rewards with tasks developers can complete and submit online. Project submission link: https://hackerlink.io/grant/Parastate/1

ParaState provides developers with a next-generation smart contract virtual machine to make any Substrate-based blockchain Ethereum-compatible while taking full advantage of the modern WebAssembly ecosystem. While supporting the Ethereum Virtual Machine (EVM) pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with the next-generation smart contract implementation environment Ewasm. These two infrastructures share the same account system on ParaState and can communicate with each other. ParaState was selected by the Xcelerator incubator with the University of California, Berkeley in March, 2021 and is committed to building infrastructure for the next generation of the crypto economy.

Hackathon timeline

ParaState is launching a two-month hackathon on Oct.16-Dec.15 and warmly invites developers from all over the world to participate.

Hackathon start date: October 16 The online workshop will be broadcasted live on DoraHacks, Bilibili.com and YouTube, and the recording will also be uploaded at that time. Submission review: December 16-December 25 Winners announcement: December 31 Hackathon rewards

The ParaState online hackathon event reward pool totals 100,000 USD and consists of 3 parts:

A. Jury rewards: It will be decided and announced by the ParaState Foundation judges through the project code and demo review. First prize: 1 winner with a prize of 30,000 USD Second prize: 2 winners with a prize of 15,000 USD Third prize: 4 winners with a prize of 5,000 USD Honor prize: 10 winners with a prize of 1,000 USD

B. $5,000 quadratic voting reward pool: The initial bonus pool will be allocated to the finalists based on the popularity of the project and the quadratic voting algorithm.

C. $5,000 Bounty rewards:

• Submit a Pull Request on Github and fill out this form https://forms.gle/uDFxnmfZfkXKa52C8.
• Bonus Award (100-300 USD worth of token): ​Fix bugs for Sewup
• Sunshine Award (50 USD worth of token): Use Sewup to deploy any smart contract

Workshops

• The first workshop held online on Oct 26.

Watch replay: https://youtu.be/DaVg5WCM2LI

• The second workshop held online on Nov. 2nd

Watch replay https://www.youtube.com/watch?v=XWeOALFPJQ0

Mentors: Senior Rust Engineers of ParaState Foundation

Tools and Documentations

ParaState invites all developers to use ParaState's next-generation toolset and create top-notch blockchain applications.

• Node Configuration Guideline https://github.com/ParaState/frontier/wiki/ParaState-Testnet-Node-Setup-Guideline
• Blockchain browser http://scan.parastate.io/
• Testnet faucet

1. https://testnet.faucet.parastate.io:8001/faucet
2. https://www.youtube.com/watch?v=_xrHCE0qlrM

• Developer learning documentation

1. https://github.com/second-state/SewUp (the first Rust SDK compatible with the Ethereum network)
2. https://github.com/second-state/buidl (Browser-based IDE)
3. https://github.com/ParaState/substrate-ssvm-node (the first scalable smart contract execution environment that also supports EVM and EWASM)
4. Any Ethereum ecological tool, ParaState is fully compatible with Ethereum EVM

ParaState GitHub https://github.com/ParaState

Application preferences and requirements

This ParaState Hackathon welcomes applications of any kind (with no limitation on development tools) implemented in Rust or Solidity to participate in the selection. The following applications are available for reference:

• ERC20 contract (issue an ERC20 protocol token on the ParaState testnet)
• NFT contract
• Block explorer
• Decentralized exchange: an on-chain order book exchange, an exchange for automatic market makers
• DEFI related
• Wallet
• DAO And any other innovative applications

Requirements:

• The submitted application must be open source and deployed on the ParaState testnet Plato, and a link should be provided.
• Sufficient files are required to compile and deploy the application;
• The application should be useful or interesting; Useful: Can be used by the users Interesting: Does not have to be useful but need to be innovative
• A demo video (5-10 minutes) must be submitted to explain the project and how to use it;
• The project must be submitted before 15:59 (23:59 UTC) on December 15th, Beijing time.

More information about ParaState

ParaState has officially launched its public testnet, Plato, currently running as a standalone Substrate blockchain. Plato is the first production-ready public testnet featuring both EVM and EWASM. By supporting 20+ programming languages to create Ethereum-compatible smart contracts, ParaState is uniting a larger developer community to boost cross-chain interoperability and enabling them to surf in the highly optimized industrial standard infrastructure while exploring brand new possibilities at the Ethereum frontier. ParaState is prioritizing and emphasizing fast execution and delivery of novel research on production while committing to radical transparency and open-source values on our development journey.

See you at the hackathon!

More exciting content?Welcome to follow? https://www.parastate.io/

Voting Mechanism

*STATE token on Parastate testnet is used for gas fee and voting during this hackathon. Check how to claim STATE: https://medium.com/ethereum-on-steroids/claiming-state-tokens-f3eba88f2b02

Voter Support: Chat with us in Telegram if you have any voting-related questions! Link: https://t.me/hackerlinkvoter

https://vitalik.ca/general/2019/12/07/quadratic.html Please refer to Vitalik Buterin's article “Quadratic Payments：A Primer" if you are not familiar with Quadratic Voting and Quadratic Funding mechanisms.

HackerLink provides quadratic funding tools to the DoraHacks global hackathon community.

There are two funding sources -- the community donation and the sponsor's prize pool.

For individual community contributors: you can donate to any project(s) you like with your wallet. By clicking "Vote" following that project, you will be able to enter votes and the smart contract will return the cost (or the amount of donation) for the votes. Your votes will eventually determine how the sponsor pool gets distributed.