#Coinbase Layer 2 Network Base Announces “Build on Base” Bounty Winners
On March 21st, Coinbase Layer 2 Network Base announced the winner of the \”Build on Base\” 15000 USD DC bounty from ETH Driver BUIDLathon, including Decent AI, Rhinestone, and Inheri
On March 21st, Coinbase Layer 2 Network Base announced the winner of the “Build on Base” 15000 USD DC bounty from ETH Driver BUIDLathon, including Decent AI, Rhinestone, and Inheritable.
Base announces “Build on Base” bounty winners as Percent AI, Rhinestone, and Inheritable
Coinbase Layer 2 Network Base recently announced the three winners for its “Build on Base” bounty worth $15,000 USD, which was part of the ETH Driver BUIDLathon event. The winners, Decent AI, Rhinestone, and Inheritable, were chosen from a pool of talented developers who showcased their exceptional skills in developing decentralized applications (dApps) on the network.
##What is the Coinbase Layer 2 Network Base?
Coinbase Layer 2 Network Base is a scaling solution for Ethereum-based dApps built by Coinbase in partnership with Optimism. The network leverages Optimistic Rollup technology to facilitate secure and faster transactions on Ethereum. This technology enables the network to bundle several transactions, ensuring faster transactions and high throughput while still maintaining the security and decentralization of Ethereum.
##What is the ETH Driver BUIDLathon?
ETH Driver BUIDLathon is a DeFi hackathon that brings together some of the best developers in the industry to build innovative solutions on the Ethereum network. The event aims to encourage developers to create new products, services, and applications that can contribute to the growth of the decentralized finance (DeFi) ecosystem.
##Winners of the “Build on Base” Bounty
Decent AI, Rhinestone, and Inheritable were selected as the winners of the “Build on Base” bounty for their exceptional development skills and innovative approach to building dApps on the network.
###Decent AI
Decent AI is a platform that provides end-to-end machine learning solutions leveraging blockchain technology. The team developed an algorithm that uses machine learning to predict the value of liquid tokens. This algorithm can be used to determine the best time to buy or sell liquid tokens.
###Rhinestone
Rhinestone is a protocol for launching tokenized social tokens. The platform enables the creation of social tokens with programmable features, including minting, burning, and auto-distribution. The Rhinestone team believes that social tokens can be used to incentivize community engagement and empower creators.
###Inheritable
Inheritable is a platform that allows users to easily create and manage decentralized and secure wills. The platform is built on the Ethereum network and leverages smart contract technology to enable automatic transfer of assets to beneficiaries upon the death of the testator. This ensures that the assets are transferred securely without the need for intermediaries or legal procedures.
##Conclusion
The “Build on Base” bounty winners have showcased their exceptional skills and innovative approach to building dApps on the Ethereum network. Coinbase Layer 2 Network Base’s partnership with Optimism has enabled developers to build decentralized solutions that are fast, secure, and scalable. The winners’ applications highlight the potential of blockchain technology in solving real-world problems and contributing to the growth of the decentralized finance ecosystem.
##FAQs
1. What is the “Build on Base” bounty?
The “Build on Base” bounty is a $15,000 USD reward for developers who build innovative dApps on the Coinbase Layer 2 Network Base.
2. How does Optimistic Rollup technology work?
Optimistic Rollup technology bundles several transactions, ensuring faster transactions and high throughput while still maintaining the security and decentralization of Ethereum.
3. How can Inheritable make asset transfer secure without legal procedures?
Inheritable enables automatic transfer of assets to beneficiaries upon the death of the testator using smart contract technology, ensuring that the assets are transferred securely without the need for intermediaries or legal procedures.
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