Byteball in Venezuela

The Simón Bolívar University (USB), a well-known Venezuelan educational institution, is holding the International Use-A-Thon competition of the Byteball cryptocurrency platform, which began on May 25 and brings together groups of students dedicated to presenting solutions. technological and financial issues to your locality.

Byteball is an initiative from Moscow, Russia, which is dedicated to providing the cryptocurrency market with faster and more reliable payments through smart contracts. In this sense, the platform provides its users with a "greater control" of money, providing a market protected by robots, smart wallets, non-scratchable coins and payment mechanisms with encrypted chats.

The platform is a project that has been under development for more than a year, and thanks to the launch of its most recent usability contest, entitled Use-A-Thon, a way to differentiate the purpose of the convention from the well-known hackathons, has been mouth of very diverse academic institutions worldwide. The challenge is to detect a problem in the closed society of the university, which must be solved with the platform's tools to opt for a prize in cryptocurrencies that will be distributed among the top 3 teams.

To learn about the details of this initiative, CriptoNoticias contacted directly with the Board of Directors of the Federation of Student Centers of the USB (FCEUSB), who told us the details of the contest, the bases of participation, its objectives and expectations to future.

A SOLUTION FOR THE COMMUNITY
The FCEUSB commented that the Simón Bolívar University closed a group of agreements with the board of directors of Byteball through one of its students working with the creators of the platform, an action that motivated the realization of the contest in the facilities.

From the 14th to the 25th of May, the coordinators of the event at the USB-represented by the Student Center Federation and Professor Carlos Castañeda from the Department of Social Sciences- received the teams made up of 2 to 3 students from the community, who they had to register on the Byteball platform with a view to presenting a solution project for one of the problems in the USBve network. The deadline to submit the projects is June 24, 2018.

The purpose of the contest is to develop the uses of the GBYTE cryptomeoenda within the university community, which can then be applied in the Byteball test network. The projects must be delivered to the board of Byteball -represented by Casper Niebe- to be judged by a qualified jury and, in case of being among the 3 winning positions, licensed by the company.

The initiative offers a prize of approximately $ 500 at present in Bytebal Bytes format (GBYTE) -although the invitation to the contest reviews an approximate $ 800 due to the value of the cryptocurrency in the middle of last month-, which will be distributed among the 3 first places. In this sense, the first place will take 2 GBYTE, while the second and third place will be awarded with 1 GBYTE and 0.5 GBYTE respectively. Each GBYTE has a value of 0, 018676 BTC, that is, 140 dollars in the crypto market at the time of writing this note.

The students have had to register in the platform, an entity that has given them about 10 dollars in GBYTE so that they can perform expenses and transactions within the network. Likewise, they have been exposed to the constant help of the Byteball group, who abilitaron a channel in Slack, to answer all questions about the operation of the platform, even holding talks in the Alma Mater.