At the event, developers will have the opportunity to build on Bahamut’s Layer 1 blockchain, powered by the innovative Proof of Stake and Activity (PoSA) consensus mechanism.
-- HackerNoon, the independent tech publishing platform, published the following release today. Text below:
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Bahamut is pleased to announce an onsite hackathon during the Paris Blockchain Week 2025, taking place on April 5th and 6th. At the event, developers will have the opportunity to build on Bahamut’s Layer 1 blockchain, powered by the innovative Proof of Stake and Activity (PoSA) consensus mechanism.
The upcoming PoSA merge, set to take place on April 8, will mark a significant milestone in Bahamut's evolution. The PoSA consensus, developed in-house by the Bahamut core development team, is designed to reward network participants in the most decentralized way possible. Validators who have deployed smart contract applications on Bahamut will begin accumulating activity whenever their smart contracts are utilized by others. This activity will increase their chances of being elected as block proposers and earning more rewards, proportionate to their overall network activity.
Karen Terjanyan, architecture owner of Bahamut, shared his excitement about the PoSA merge, stating:
“The PoSA merge is an innovative development for Bahamut, allowing us to empower validators based on their actual contributions to the network, making the reward system even more decentralized and efficient. It’s a major step forward for blockchain scalability and fairness."
During the Paris Blockchain Week Hackathon, participants will benefit from:
- Building using Bahamut’s PoSA consensus to create secure, sustainable dApps.
- Exploring the extensive Bahamut ecosystem.
- Leveraging Caucasus Layer 2 for high-speed, low-fee transactions.
- Receiving direct mentorship and accessing ecosystem grants to advance their projects.
- Tackling detailed, real-world problem statements provided onsite.
Additionally, Bahamut is offering a prize pool of 10,000 USD for the best projects developed on its platform during the event.
Developers and attendees are invited to experience the power of Bahamut’s blockchain solutions firsthand at Stand N78 during the main Paris Blockchain Week, April 8-10, at the Carrousel du Louvre. Fastex will also be present at the same stand, showcasing its offerings alongside Bahamut Foundation.
About Bahamut Foundation
The Bahamut Foundation supports blockchain innovation through the Bahamut Grants program, funding Web3 projects that drive decentralization, innovation, and transparency. Bahamut is a Layer 1, EVM-compatible blockchain powered by the PoSA (Proof of Stake and Activity) consensus mechanism, rewarding validators based on network engagement. It operates with the FTN native coin and has passed security audits by CERTIK and HEXENS. Among its successful grant recipients is Mutuari, a decentralized lending and borrowing platform built on Bahamut, further showcasing the network’s commitment to real-world blockchain applications.
About HackerNoon
How hackers start their afternoons. HackerNoon is built for technologists to read, write, and publish. We are an open and international community of 35k+ contributing writers publishing stories and expertise for 4M+ curious and insightful monthly readers. Founded in 2016, HackerNoon is an independent technology publishing platform run by David Smooke and Linh Dao Smooke. Start blogging about technology today.
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