zkBTC, an L2 scaling solution built atop the Bitcoin (BTC) blockchain, has recently garnered significant attention within the global Bitcoin community. The project announced a $100,000 prize pool for participants in the 2024 Bitcoin Olympics Hackathon.

This initiative aims to foster innovation and development in the Bitcoin ecosystem by encouraging developers to create scalable and efficient solutions. The hackathon is expected to attract a diverse range of participants, from seasoned blockchain developers to newcomers in the field.

The substantial prize pool underscores zkBTC's commitment to advancing Bitcoin's scalability and usability, potentially setting new standards for future blockchain projects.