Shutterstock photo by Akarat Phasura
CryptoTask has announced that it would migrate to Tezos in order to expand the marketplace’s services and better serve its growing user base.
Since the beginning of the year, Tezos network activity has surged by 1,200 percent.
CryptoTask, a popular decentralized freelance marketplace, has announced that it would migrate to the Tezos blockchain, a secure open-source platform. CryptoTask is transitioning to Tezos in order to scale its decentralized marketplace for the future of work, according to an announcement made on July 7th.
CryptoTask has risen to become one of the fastest-growing decentralized freelance marketplaces since its launch in 2018. More than 35,0000 people have signed up for the leading marketplace, and the number is growing by roughly 100 people every day. Additionally, CryptoTask completes over 100 transactions per 24 hours and is well-known for advertising high-quality projects.
Tezos is the new home of CryptoTask.
Because it is very secure and upgradable, the Tezos blockchain appears to be an ideal fit for the CryptoTask Platform. As CryptoTask develops its decentralized marketplace on Tezos, it will introduce more services to better serve its users. Automated rapid payout settlement is one of the capabilities that the CryptoTask team will be able to incorporate with the Tezos migration. In addition, CryptoTask will improve its functionality by adding peer-to-peer job matching, fiat on-ramps, and the ability to open accessible digital wallets.
The new development has been met with enthusiasm by CryptoTask. CryptoTask co-founder Ivan Nanut commented on the transfer to Tezos, saying: “It’s a special day that we’ve been anticipating for months. Freelancing as we know it will be disrupted by CryptoTask on Tezos. Reduced gas fees, smarter smart contracts, and low energy usage are all advantages of the Tezos blockchain for the platform and our consumers. We’re excited for our users to see and experience the transformation Tezos is bringing to our freelance marketplace.”
Since the start of the catastrophic global health disaster known as the coronavirus pandemic, demand for freelance markets has skyrocketed. As the pandemic continues, employers are looking for experienced freelancers. Despite the increased demand, however, most marketplaces have not grown as much. Cost, reliability, and openness are all factors that have slowed growth.
CryptoTask, on the other hand, works with businesses and specialists in a variety of sectors across multiple locations and continents. Users pay no fees and the decentralized marketplace offers a transparent escrow payment system.
Tezos In 2021, it will have increased by 1,200%.
Tezos, on the other hand, is one of the first and fastest-growing proof-of-stake blockchains on the market. The blockchain has attracted a large number of users and continues to grow. Tezos network activity has increased by 1,200 percent since the beginning of the year. Tezos’ rapid expansion can be attributed to its energy-efficient design and user-friendly features.
The Tezos team is always looking for new methods to meet the needs of blockchain consumers. Tezos has validated and tested smart contracts that can handle the complexities that builders want as part of the movement to respond to clients’ requests. Tezos has already undergone six network updates to address some of the industry’s more general issues, such as lowering gas fees and strengthening token standards. Tezos’ network has also been improved to increase transaction speed.
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