Block.one announces an EOSIO blockchain competition, paying out $200,000 to the first person to solve a puzzle.
Block.one announced a smart contract blockchain puzzle, touting a $200,000 prize for whoever figures it out.
“In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment,” a Feb. 3 announcement on EOSIO’s DevPost detailed.
Built by a company known as Block.one, the EOSIO blockchain hosts the EOS crypto asset. As a delegated proof-of-stake blockchain touting smart contracts, developers can build decentralized applications on EOSIO.
The competition will expire in one year if no one solves the puzzle. The competition ends as soon as someone finishes the puzzle, with the first entity to finish the puzzle receiving the reward, the post said.
Competition rules require the use of EOSIO smart contracts in accordance with specific technical requirements.
Additionally, judges will examine entries roughly every 90 days.
In late 2019, Block.one unveiled EOSIO version 2.0, Cointelegraph reported in October. Made famous for its year-long ICO, EOS, a digital asset built on the EOSIO blockchain, raised $4 billion during its coin offering.
Cointelegraph reached out to Block.one for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.