Guo Guanghua and Xu Liucheng, two developers of the Bytom team won the second prize of Cosmos Hackathon competition on Sept 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 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

https://github.com/chainx-org/chainmint

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

“It’s amazing that they are trying to solve real-life problems.”

Though still in its infant stage, the blockchain technology has been gaining momentum to disrupt the world. A growing number of companies are looking for blockchain-based solutions to rebuild trust and solve industry bottlenecks. It’s predictable that blockchain is well on track to change the world for better.