Press Release
Own this piece of crypto history

Collect this article as NFT

Guo Guanghua and Xu Liucheng, two developers of the Bytom team from won the second prize of the Cosmos Hackathon on September 15 with a reward of 10,000 dollars, which represents the best achievement a Chinese team has gained in the competition. Cosmos aims to build a network of interoperable ledgers to host multi-assets and blockchains.

The competition lasts for 6 weeks and encourages participants to turn innovative ideas into working applications. It brought together some big figures of Tendermint in the judges' seats: CEO Jae Kwon, Co-founder Ethan Bushman and CSO Jim Yang.

The Bytom team put forward a technical model Chainmint that is based on Tendermint consensus and combined with UTXO and CVM system, which serves as a cross-chain Cosmos Zone. In short: Chainmint = UTXO + CVM + Tendermint. (More details at the website)

The idea of Chainmint stood out from over 100 competitors and was highly-appreciated by the judges.

"It's amazing that they are trying to solve real-life problems."

In 2016, the Chinese government listed the blockchain technology in its Thirteenth Five-Year National Informatization Plan. A growing number of companies are looking for blockchain-based solutions to rebuild trust and solve industry bottlenecks. Though still in its infancy, the blockchain technology has been gaining momentum to disrupt the world. It's predictable that blockchain is well on track to change the world for better.

Company name: Hangzhou Shichuo Information Technology Co, Ltd
Company site:
Company contacts:

This publication is sponsored. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Related News

The concept and future of decentralized Web3 domain names

Onkar Singh

Beyond bridges: A look at the next generation of multichain communication

CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers

Luke Huigsloot

Founder of $7.5M ‘brazen fraud scheme’ gets 8 years behind bars

Brayden Lindrea

Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’

Luke Huigsloot

Marathon’s first Bitcoin sale in 2 years not the result of distress

Luke Huigsloot

Follow us on Facebook