#CKBSupportsBitcoinEcosystem - The 15th Square National Essay Competition Awaits Your Participation!
15th Essay Project Sponsored by @CKB Eco Fund
Project Introduction:
Nervos CKB is a public chain based on the PoW + UTXO model, fully isomorphic to BTC, aimed at providing cross-chain interoperability and scalability support for the Bitcoin ecosystem.
CKB enhances the programmability and interoperability of Bitcoin through the RGB++ protocol, mapping Bitcoin UTXOs into CKB Cells, enabling smart contract functionality and bridge-less cross-chain for Bitcoin L1 UTXO assets. CKB expands Bitcoin through the Fiber Network, facilitating the circulation of multi-assets within the Bitcoin Lightning ecosystem. CKB accelerates the large-scale adoption of the Lightning Network through the UTXO Stack, providing better liquidity and yield models via decentralized staking protocols. The CKB mainnet launched in November 2019 and completed its first mining reward halving in November 2023.
With JoyID supporting the Lightning Network testnet, CKB will further enhance the decentralized payment experience. The Fiber Network is also about to launch its mainnet, bringing new breakthroughs in multi-asset circulation and cross-chain efficiency, truly achieving decentralized expansion of the Bitcoin ecosystem.
Reference Materials:
Messari Research Report: In-depth Analysis of Nervos Network (CKB)
Rekindling the P2P Vision of Bitcoin, Embracing the Future of Web5
JoyID and the Lightning Network: Creating the Best Payment Solution for the PayFi Era
Step One: Follow the Square account of @CKB Eco Fund
Step Two: Participate in the essay competition hosted by @CKB Eco Fund, use the tag #CKBSupportsBitcoinEcosystem, publish original content in the Square, and share your insights on CKB's unique technology, application scenarios, or development prospects in the BTCFi ecosystem for a chance to win rewards.
We look forward to hearing about your latest developments surrounding the Bitcoin ecosystem and BTCFi propelled by Nervos CKB, including core technologies such as JoyID, Fiber Network, and RGB++. Share your insights on the decentralized Bitcoin ecosystem, programmability expansion, Lightning Network applications, and explore the future of BTCFi together!
Your post must include the token tag $CKB, and you can choose topics of interest from the following directions:
CKB as the Ideal Layer 2 for Bitcoin
Introduce CKB's uniqueness and technical advantages as a Layer 2 extension for Bitcoin, including the security and transparency brought by its PoW + UTXO combination. Also, discuss how the RGB++ protocol supports the issuance and circulation of multi-assets, enhances cross-chain interoperability, and breaks the traditional barriers of asset issuance and cross-chain circulation.
RGB++: Innovative Financial Protocol in BTCFi
Discuss how RGB++ enables bridge-less cross-chain for Bitcoin assets and its innovative applications in the BTCFi ecosystem, such as the Initial Bitcoin Offering (IBO) model, bringing more financial products and user experiences to BTCFi.
JoyID + Lightning Network: Passkey Wallet Leads a New Experience in Decentralized Payments
Discuss how JoyID, as the first Passkey wallet supporting the Lightning Network, can create a more efficient and convenient decentralized Bitcoin payment experience. Share your experience on the testnet and envision its application prospects in the BTCFi ecosystem, especially in scenarios such as micro-payments and cross-border remittances.
Fiber Network: The Future Landscape of Cross-Chain Circulation
Discuss how Fiber Network will enhance the liquidity and scalability of the BTCFi ecosystem, improve the stability and availability of the decentralized financial network, and promote the seamless cross-chain circulation of BTCFi assets.
Step Three:
Share your Square post to your social media (X), and @CKB_CN, using the tag #CKBSupportsBitcoinEcosystem, and encourage your social media followers to comment/like/share the post to enhance exposure and interaction.
Event Rules:
After the event ends, the top 50 high-quality contents with at least 300 characters will be selected from posts under this topic, and 20,000 USD equivalent in CKB will be shared based on page views, with each winner receiving 120 - 700 USD equivalent in CKB. Only content relevant to the project essay requirements will be selected; any unrelated content or modifications made later will not qualify for selection.
Page views > 2000, awarded 18270 CKB, limit of 25.
Page views > 8000, awarded 41500 CKB, limit of 15.
Page views > 15000, awarded 58100 CKB, limit of 10.
All content must be published before November 11, 2024, 12:00 PM (UTC+8) to qualify for rewards.
Please read the rules and terms carefully:
- Only content related to #CKBSupportsBitcoinEcosystem posted during the event period (including posts and articles) will qualify as eligible content.
- Please ensure content relevance is 70% or higher; any abuse of hashtags or posting unrelated content will lead to disqualification from the event.
- Only original new content qualifies; previously submitted works do not qualify.
- Please do not bring auxiliary functions such as Q&A red envelopes.
- You can publish multiple different high-quality contents to increase your chances of winning.
- Users must publish ≥ 1 piece of content in the last 30 days to be eligible.
- We will distribute rewards to your account within 20 working days; users can check their rewards in 'Funds' > 'Funds Account'.
- All eligible users will receive notification of the award from the Square Secretary in the Creator Center.
- Binance reserves the right to disqualify any account that violates Binance Square community guidelines or terms and conditions.
- Binance reserves the right to decide and/or modify or change these terms and conditions at any time without prior notice, including but not limited to canceling, extending, terminating, or suspending this event, eligibility terms and criteria, selection and number of winners, and the timing of any actions, and all participants shall be bound by these amendments. Binance reserves the final interpretation of this event.
About Binance Square:
Binance Square aims to become a one-stop social platform gathering cutting-edge information on cryptocurrencies and Web3. Each user can freely post, follow friends, track trends, and participate in discussions on Binance Square. The platform features a wide range of content from renowned crypto experts, enthusiasts, and trusted media sources, providing personalized content recommendations, aimed at bridging the gap between content creators and fans.
Disclaimer: All content on the Binance Square platform is presented 'as is' for reference only (without any representations or warranties). Binance Square contains content published by third parties, which should not be construed as Binance endorsing such views. Any content does not constitute financial advice. For more information, please refer to Binance's terms of use.
Disclaimer: Contains third-party opinions, does not constitute financial advice, and may contain sponsored content. See details (terms and conditions)
