“Bytom will certainly make a distinction if MOV is profitable.” As a layer 2 decentralized worth change protocol primarily based on Bystack, a BaaS platform with a mainchain-sidechain construction, MOV launched its testnet on November 25th 2019. Since then, Bytom has constructed a whole ecosystem composed of Bytom mainchain, Vapor sidechain and MOV cross-chain protocol.

MOV’s growth has made vital progress in 2020.

On January sixth, Bytom CEO Lang Yu defined Bytom’s plan throughout an AMA at ChainNode. “MOV and a collection of business sidechains shall be Bytom’s precedence in 2020.”

Following that, Bytom launched the white paper of MOV secure monetary system on January 15th, proposing a secure monetary answer with BTC, ETH, USDT and BTM as collateral.

In the present day Bytom is taking motion once more. Bytom basis broadcasts that it’s going to allocate 100 million BTM tokens to ascertain a MOV fund for the sake of looking for partnerships, investing in initiatives, and abroad operation, with a view to develop MOV’s ecosystem.

This MOV fund’s first step is to launch a bounty program, aiming at offering fund for growing MOV associated initiatives and instruments, doing tutorial analysis and making instructional supplies.

In impact, since 2018 Bytom basis has launched three bounty packages relating to growth of Bytom mainnet and its ecosystem. Builders from the group contributed tutoring books and plenty of glorious initiatives similar to Multilingual SDK and Chrome extension pockets.(Beforehand funded initiatives:

Completely different from earlier packages, this bounty program contains extra varieties of challenges and offers a bigger quantity of bounty. The bounty for one venture might be as excessive as 100,000 USD equal BTM tokens at most.

Under is bounty process checklist:

Software program and gear:

  • Sidechain Vapor Multilingual SDK (Java, C / C ++, Python …)
  • Asset cross-chain (BTC, ETH cross-chain) atomic swaps
  • Oracle
  • {Hardware} pockets integration
  • Sidechain centralized node companies (much like infrua)
  • Sidechain Bapp built-in growth surroundings (much like remix)
  • Bapp growth

Educational analysis:

  • Backside layer analysis (consensus algorithms, UTXO fashions, and many others.)
  • Cryptography (MPC, zkrollup, and many others.)
  • Protocol analysis (cross-chain protocols, layer 2 protocols, and many others.)
  • Evaluation of current protocols
  • Safety analysis (cross-chain gateway safety analysis, and many others.)

Instructional supplies:

  • Introduction movies/articles (Bytom most important chain, facet chain, Bystack, MOV, and many others.)
  • Technical movies/articles (Bytom underlying protocol, consensus algorithm, community, good contract, and cross-chain protocol for system introduction)
  • Translation

Tips on how to apply:

The developer should first decide the scope of the venture, design the venture based on the official bounty process checklist supplied, and fill out a Google type to briefly describe the venture. Bytom will conduct due diligence investigation on the candidates and venture feasibility evaluation, resolve whether or not to maneuver ahead with the applicant.

Notes for Bounty Activity Software

1. All bounty initiatives have to be open supply or partially open-source, utilizing Apache or GNU GPL v3.

2. The event cycle of every bounty venture is mostly not longer than three months. If an extended cycle is admittedly wanted, it must be defined.

3. The utmost quantity of funding for every bounty process shouldn’t be greater than 100,000 US {dollars}, and all bounty is paid within the type of BTM.

4. All rights reserved at Bytom Basis.

In fact, along with monetary rewards, members may also preferentially take part in numerous occasions hosted by Bytom all over the world, and have face-to-face communication with builders all over the world, the place their initiatives can get alternatives for model publicity.

For particulars about this bounty program, please see:

Supply hyperlink