Build with Bitcoin

Description

The Internet Computer provides a native integration with Bitcoin, which allows canister smart contracts to hold and transact Bitcoin on the Bitcoin network. Furthermore, ckBTC is a wrapped version of Bitcoin that is custodied by a set of autonomous smart contracts on the Internet Computer, and allows Bitcoin to be transacted at high speed. In this bounty we want you to leverage either the native Bitcoin integration or ckBTC to build an innovative and impactful solution.

Examples could be:

A mobile payment app that uses ckBTC for “lightning” fast payments
Canister-based Bitcoin wallet with advanced features
A Bitcoin backed stable coin or lending protocol
Bridging Bitcoin to Ethereum via the Internet Computer

* Winner of this bounty will also be eligible for an additional 25k USD DFINITY Developer Grant program.

Grants are wholly separate from this Bounty and are subject to terms managed by the entities providing that funding.

DFINITY DEVELOPER GRANT PROGRAM TERMS AND CONDITIONS (https://bit.ly/grant_terms).

Grant awards are not automatic or immediately guaranteed. Bounty winners become eligible for participation in the DFINITY Developer Grant Program and entitlement to the full grant award amount is subject to meeting specified future milestones and satisfying all terms and conditions of the DFINITY Developer Grant Program.

Individuals and entities who participate in this bounty program must comply with all applicable laws, regulations and the bounty’s and/or DFINITY's Hackathon terms and conditions (ref. DFINITY Supernova Hackathon Terms and Condition). Failure to comply can result in your disqualification from the bounty and/or the Developer Grant Program and its associated benefits and entitlements.

DFINITY Hackathon terms and conditions (https://dfinity.org/supernova/terms-and-conditions/)

Acceptance criteria

X Factor: What is the wow factor of the idea? How creative/innovative is it?
Technical Competence: What is the quality of the technical designs and source code?
Impact: Does this project solve a real-world problem? Does it have potential?
Readiness: Can a library be used? Is a service actually usable?
ICP Factor: How well does it showcase the unique capabilities of the Internet Computer?

Rewards

1: 5000 USD

Resources

Bounty video
Internet Computer Developer Home: https://internetcomputer.org/developers
Landing Page: Bitcoin integration: https://internetcomputer.org/bitcoin-integration
Cycles faucet to get cycles (i.e. gas) to be used on the Internet Computer: https://faucet.dfinity.org/
[For Help] IC Devs Discord: https://discord.gg/jnjVVQaE2C
[For Help] Developer Forum: https://forum.dfinity.org/