If you haven’t heard, cryptocurrency is the money of the future. It all started in 2008 with the creation of Bitcoin by Satoshi Nakamoto. However, he wasn’t the first person who tried to create a digital currency. There have been inventors trying to invent a successful and sustainable digital currency since the 1990’s, but their ventures always failed. The main problem was the assumption that a central entity was needed to monitor the transactions in the digital currency database; if it was left up to individuals, one small disagreement about a payment could bring down the entire system. A central entity was needed to confirm the true state of balances. Or so everyone thought, until Satoshi invented Bitcoin. Satoshi’s goal was to create a “peer-to-peer electronic cash system,” but instead, he created the first decentralized digital cash system and the first successful cryptocurrency. Now others are trying to emulate Satoshi’s model and create bigger and better cryptocurrencies; the latest of which is Cryptotask.
Cryptocurrency is essentially a form of money that is guarded by intense cryptography rather than by a centralized bank. In that sense, cryptocurrency is designed for users to exchange currency with each other for just about anything. However, the newest emerging cryptocurrency, Cryptotask, is designed for a more specific purpose- to be the first fully scalable decentralized freelancing market. The hype around Cryptotask is unparalleled. It’s been a focus of discussion on reputable websites dedicated to technological advancements, such as: VentureBeat, TrackICO, ICOwatchlist and more. The excitement around this emerging cryptocurrency can be attributed to the fact that it’s designed for a unique purpose: to cater specifically to the quickly growing freelancing market. In 2017, freelancers made up 35% of America’s labor force- a 30% increase from the previous year. It’s estimated that in a decade, freelancers will make up the majority of America’s workforce. Cryptotask is the first initiative put in place to apply blockchain technology to the freelancing market.
Cryptotask’s founders themselves define it as, “a decentralized task market based on blockchain technology that disrupts current freelancing systems.” What this means is that in addition to acting as a secure, decentralized electronic cash system, Cryptotask will also assist with job creation, security and maintenance. This is big news! Not only can Cryptotask revolutionize the cryptocurrency industry, but it can also completely change the way that independent workers are hired and paid. The platform allows users to search for freelancing jobs that are unavailable on other freelancing platforms, leave reviews and even bring their freelancing ideas to life. Cryptotask’s unique platform allows freelancers to be both hired and paid on the same platform using digital currency. This platform also offers unique features such as absolutely no censorship, no limits and fees that are 10% lower than on any centralized platform. High value tasks are not only supported by Cryptotask’s platform, but also encouraged.
At the end of the day, Cryptotask is set to take both the freelancing and cryptocurrency worlds by storm. We encourage you to keep up with this exciting new venture. Their website also offers more detailed explanations of Cryptotasks features, process and ICO plan, which is set to begin on February 3rd at 12:00 CET. Who knows? Cryptotask’s founders, Vedran Kajic, Ivan Nanut and Klemo Vladimir could give Satoshi Nakamoto a run for his money!