Key Points:
- SCAN 2024, the first global cryptocurrency tracking contest, will be held in Seoul on September 5-6.
- Organized by Digital Asset and sponsored by Dunamu, Upbit’s operator.
- Participants include white hat hackers, Web3 security experts, and cybercrime investigators.
- Contest format is Capture The Flag (CTF) with top teams winning BTC prizes.
- The event aims to enhance digital economy security and build a global network of experts.
Introduction
The cryptocurrency industry continues to evolve, driven by innovations and increasing adoption worldwide. In this dynamic landscape, security and transparency remain paramount concerns. To address these, the first global cryptocurrency tracking contest, SCAN 2024, is set to take place in Seoul on September 5-6. Organized by Digital Asset and sponsored by Dunamu, the operator of Upbit, this event aims to advance the field of cryptocurrency tracking and enhance the security of the digital economy.
Event Details
- Contest Format: SCAN 2024 will follow a Capture The Flag (CTF) format, where participants solve challenges to gain flags. These challenges are designed to test the knowledge and skills necessary for tracking cryptocurrencies effectively. The top eight teams will compete in the finals, with the highest-scoring team winning 1 BTC, the second place receiving 0.5 BTC, and the remaining finalists each getting 0.5 BTC.
- Participants: The event will bring together white hat hackers, Web3 security experts, and cybercrime investigators from around the globe. This diverse group of participants will share their expertise and collaborate on solving complex security challenges, fostering a robust and secure digital ecosystem.
Importance of the Event
- Regulatory Context: The event takes place against a backdrop of increasing regulatory measures worldwide. In July 2024, South Korea implemented new laws to protect cryptocurrency users, reflecting a broader trend towards stricter regulation of digital assets. Events like SCAN 2024 play a crucial role in supporting these regulatory frameworks by promoting best practices in security and transparency.
- Building Expertise: SCAN 2024 provides a platform for professionals to demonstrate and hone their skills. By tackling real-world security challenges, participants contribute to the development of more secure cryptocurrency technologies and practices. This expertise is essential for building trust in the digital economy.
Future Prospects
The success of SCAN 2024 could pave the way for similar events globally, encouraging more collaborative efforts to secure digital assets. As the cryptocurrency industry continues to grow, the importance of security and transparency cannot be overstated. By fostering a community of skilled professionals dedicated to these goals, events like SCAN 2024 help ensure the sustainable and secure growth of the digital economy.
SCAN 2024 represents a significant step forward in the quest to enhance the security and transparency of the cryptocurrency industry. By bringing together experts from around the world to tackle complex challenges, the event aims to build a safer and more robust digital ecosystem. As the industry evolves, such initiatives will be crucial in maintaining trust and promoting sustainable growth in the global digital economy.
