Request to Hold Hackathon on November 18th — TradingView News – Yurika.R

Request has announced a Web3 financial playground event, offering $15,000 in rewards from November 18 to December 8. The event involves coding, building with Request Network, and competing for prizes and grants on the DoraHacks hackathon platform.

REQ Info

Request aims to establish a “global cooperative financial system”, bridging isolated financial platforms. It grants individuals and entities autonomy over their financial information and decisions. Essentially, the Request Protocol acts as an intermediary, facilitating various payment requests, from uncomplicated peer-to-peer transactions to intricate business invoices.

Through the Request system, payments are instigated by dispatching an invoice over the blockchain. The recipient can then recognize and settle this request with a singular action, marking a direct, peer-to-peer transaction. Distinctively, payments on Request are push-driven, negating the necessity for personal account information disclosure. By utilizing blockchain technology, chiefly Ethereum and IPFS, it eradicates the dependency on third-party intermediaries, which consequently diminishes transaction expenses and bolsters user security, privacy, and data ownership. Though the platform involves transaction fees, these are imperative for broadcasting updates to the blockchain and incentivizing miners to achieve network consensus.

REQ is an ERC-20 token on the Ethereum framework. Every request executed with REQ is etched onto an unalterable digital ledger, serving both as an indisputable record and an auditing tool.