Coinbase has announced details of its second hackathon competition, including $70,000 in bitcoin prizes and an all-star judging panel.
The company, which offers a number of developer tools, says it is seeking apps that will find new use cases for bitcoin and make it “more approachable”.
Prizes range from $10,000 (1st place) to $500 (5th place) in bitcoin at the time the awards are delivered.
Developers that make it into the judge’s top five will have a chance to compete for a place in Silicon Valley bitcoin accelerator Boost VC, run by Draper, which includes $50,000-worth of support, mentoring and accommodation.
Over 112 entries were received for last year’s event, with a geotagging app named CoinPlanter – which allows users to ‘dig’ or ‘plant’ bitcoin – scooping the $10,000 grand prize.
Coinbase previously stipulated that entrants should use its API. However, this time round developers are free to choose between Coinbase and other APIs like VC-backed Chain, Gem and Boost VC alumni BlockCypher.
The hackathon is open to developers everywhere but applications must be filed before 19th May.