Crypto hacking event returns to Dubai
The UAE is emerging as a regional hub for cryptocurrency activities.
A major cryptocurrency hacking event is returning to Dubai next month.
The finalists of the CCTF, which purports to be the world’s largest “legal” crypto hacking competition, will compete on a yacht in the Emirati city for a $15,000 prize. The competition is organized by the Estonia-based cryptocurrency consultancy Cryptall. The first round took place on April 8, Cryptall said in a press release Wednesday.
CCTF also held a competition in Dubai in November of last year.
What is it? CCTF gets its name from “capture the flag” hacking competitions, whereby hackers solve a series of challenges for points. Participants in the Dubai event will solve cryptocurrency and blockchain puzzles to this end. Cryptocurrencies such as Bitcoin are created by solving a series of complex math problems in a process called “mining.” A blockchain is a decentralized online record of transactions commonly used for cryptocurrency transactions.
