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CryptoTask Moves to Tezos for Scalability and Security

CryptoTask Moves to Tezos for Scalability and Security
  • CryptoTask has just announced the decision to migrate to Tezos blockchain.
  • The largest decentralized freelancer marketplace is growing rapidly, with over 35,000 users.
  • It will develop its features further with Tezos’ scalable and energy-efficient solutions.

CryptoTask has just announced that it will migrate to the secure and upgradable Tezos blockchain. The largest decentralized freelance marketplace aims to develop further with scalable and energy-efficient solutions from Tezos.

Co-Founder of CryptoTask Ivan shared his excitement about the decision. He said, “It’s a memorable day that we have been waiting for months now. CryptoTask on Tezos will disrupt freelancing as we know it. The platform and our users will hugely benefit from the Tezos blockchain through low gas fees, smarter smart contracts, and low energy consumption.”

We can’t wait for our users to see and feel the change Tezos is bringing to our freelance marketplace.

With the platform’s 35,000 users, a sign-up rate of 100 users and 100+ transactions on a daily basis, CryptoTask is growing rapidly in the decentralized finance space. It helps that the platform posts genuine and high-quality job ads. Citing security and scalability as major reasons, CryptoTask’s transition to Tezos will help it maintain its momentum, and enable it to provide a seamless user experience.

The CryptoTask team aims to build essential features on Tezos such as automated instant payout settlement, P2P job matching, FIAT on-ramps, and accessible digital wallets. Part of the plan is to facilitate the digital marketplace’s dynamic growth and smart contract infrastructure with Tezos.

A product of the freelance market that emerged in the wake of COVID-19, CryptoTask focuses specifically on connecting employers with experienced freelancers. Its instant growth however asks for greater transparency, lower costs, and sustained reliability, without which it has slowed down. To maintain its user-focused ecosystem, it needs to sustain its unique features such as 0% fees for all users and a transparent escrow payment system.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.