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HackFS 2024

Lit Protocol

$10,000

About

Lit Protocol is a decentralized network and developer platform for key management and private, immutable compute. It empowers product teams and developers to build innovative applications, protocols, and agents that prioritize security, privacy, and efficiency. Lit Protocol's decentralized keys enable secure and private computations, allowing developers to focus on building novel use cases without compromising on security or decentralization.

Prizes

🏎️ Best Use of Sign/Decrypt Within a Lit Action ⸺ $8,000

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1st place

$5,000

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2nd place

$3,000

Blockchains like Ethereum have smart contracts that let developers encode logic to change that state. As a key management network, Lit provides a method that allows developers to encode logic that dictates signing and encryption / decryption. Lit Actions are JavaScript functions that can be used read and write data across blockchains, web2 platforms, and the rest of the web3 world. You can think of them as decentralized serverless functions with access to their own public / private key pair. You can use Lit Actions to generate signatures when your specified on or off-chain conditions are met, fetch data from off-chain platforms, manage permissions for Programmable Key Pairs (PKPs), and so much more. All Lit Actions are executed within the trusted execution environment (TEE) present within each Lit node, meaning the computation remains completely private and immutable. Additionally, all Lit Actions can be chained together to create sophisticated applications and protocols. With Lit's v0.1 testnet release and v6 Beta 2 SDK release, Lit has enabled decryption and signing WITHIN a Lit Action. You can now compute over private information in a trusted environment, import and sign with web 2.0 secrets or blockchain keys across any chain, and so much more. We want to see what you can build using these awesome new privacy and integrity features!

Qualification Requirements

- Use of decryption and/or signing within a Lit Action (Note: All submissions MUST make use of decryption and/or signing within a Lit Action to be eligible for prizes) - Technical completeness and sophistication - Potential impact - Creativity and presentation

Links and Resources

🔥 Hacker Guide

https://devrelations.co/lit-hackerguide

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🏊 Participation Prize ⸺ $2,000

Split with up to 34 teams (capped at $59 per team)

All eligible submissions for the Best Use of Sign/Decrypt Within a Lit Action prize can be awarded the Participation Prize, distributed equally among all eligible projects.

Qualification Requirements

- Use of decryption and/or signing within a Lit Action. Note: All submissions MUST make use of decryption and/or signing within a Lit Action to be eligible for prizes - Technical completeness and sophistication - Potential impact - Creativity and presentation