Hey Hackers! Here we are again with the results announcement for The Blockchain Writing Contest bought to you by HackerNoon and Tatum. Let’s see who won!
The Blockchain Writing Contest April 2022 Nominations
We picked all the stories tagged with the #blockchain tag on HackerNoon, published in April 2022. Then we chose the top stories using 60:30:10 weightage respectively to:
- Number of hours read
- The number of people reached
- The freshness of the content
Here are the top 10 nominations:
- An Intro to Bitcoin and How it Works by @mpyllan
- 6 Crypto Launchpads to Watch in 2022 by @elinasterina
- A Quick Look Under the Hood of an NFT Smart Contract (Part 1) by @cryptomadhatter
- Crypto Staking: Everything You Need to Know by @elnazsarraf
- The Proof of Stake Trojan Horse by @atrigueiro
- A Deep Dive Into My Cryptocurrency Investment Process by @cryptoengineer
- The Crypto Market is Nervous: Options for Investors to Protect their Capital by @dmitriidanilenko
- Is Proof-of-Stake the Future of Consensus? Blockscale Doesn’t Think So! by @callcryptocharlie
- NFTs or Non-Fungible Tokens Breakdown by @cryptopawa
- Rug-Pull: How to Spot the Fraud Easily via Smart Contract Codes by @talktomaruf
Winners!
As usual, editors voted for the top stories. Here are the winners for the month of April:
In the first place, we have A Deep Dive Into My Cryptocurrency Investment Process by @cryptoengineer
Congratulations on winning @cryptoengineer! You have won 500 USDT! :)
Even in crypto, you should think what is the Unique Value Proposition provided by your project, unless you are trading and considering only the price. Fundamentals don’t matter in a short term, but as the crypto market becomes more mature, the value prevails.
Rug-Pull: How to Spot the Fraud Easily via Smart Contract Codes by @talktomaruf has won the second place!
Rug pulls are a lucrative fraud in which developers create new crypto tokens and market them to investors to increase their value and overall liquidity. They then drain the funding pool and crash the token's value to zero before finally disappearing into thin air and vanishing with the cash. Rug-pull scams were responsible for more than US$2.8 billion in unlawful activities in 2021, close to an all-time high and up 81 percent from 2020, according to the Blockchain data tracker system, Chainalaysis.
Great story @taktomaruf! You have won 300 USDT!
In third place, we have A Quick Look Under the Hood of an NFT Smart Contract (Part 1) by @cryptomadhatter
We say that a smart contract is the heart of an NFT and for good reasons - one being that it is the smart contract that makes it possible for a non-fungible token to be what it fundamentally is, from being scarce, non-fungible, verifiable, self-executing, to embedding utilities that give this asset more intrinsic value.
Yay @cryptomadhatter! You have won 100 USDT this month!
The most-read story this month is An Intro to Bitcoin and How it Works by @mpyllan
Congratulations @mpyllan! You’ve won 100 USDT.
With Bitcoin, a person can open, at no cost, a digital account and store as much money as they want; if done correctly, their money will always be accessible to themselves and protected from access by others. Once you have your money in your Bitcoin account or wallet, you can move it 24/7/365 to other Bitcoin accounts worldwide in moments and with costs that approach zero, independent of where you send the transaction. These accounts include businesses where users can purchase goods and services directly with BTC.
On that note, let’s wrap up the announcement! We will contact the winners shortly. Keep an eye on contests.hackernoon.com to see the current and upcoming writing contests!
See y’all next month!
