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Cryptotask

Decentralized Freelancing Market

Cryptotask disrupts current online freelancing systems by introducing the worlds first scalable consensus mechanism with reviewer board selection build into the blockchain, our environment also allows up to 10x less fees than existing centralised systems, as well as no limit with regards to task worth or complexity. Cryptotask includes some never-seen-before systems like the possibility to earn money by just being a reviewer (paid out in tokens, and mathematically provable attack resistance, crucial for later stages and high project adoption rate.

2.0
3 2 expert ratings
Benchy 1.5
Experts
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~$893,695
value of tokens sold in ICO
Ended
Token
CTF
Price in ICO
1 CTF = 0.001 ETH
Country
Whitelist/KYC
None
Restricted areas
USA, China
ICO start
3rd Feb 2018
ICO end
23rd Feb 2018
More on ICO
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About Cryptotask

We introduce a decentralized task market based on blockchain technology that disrupts current freelancing systems.

The key innovation is a commercially scalable consensus mechanism with reviewer board selection built into the blockchain, including the escalation option that satisfies Nash equilibrium.

The basis is a consensus mechanism similar to that used in existing prediction market projects such as Augur and Gnosis, with some important differences and innovations that enable scalability, an issue plaguing most of the popular blockchain projects. One key innovation is a reviewer board selection mechanism built into the blockchain, including an escalation option that satisfies Nash equilibrium. The selection mechanism satisfies the condition of secrecy in order to discourage potential collusion and off-chain communication between reviewers by implementing a reporting mechanism. Voting is done in two stages, including a secret commit phase, to dissuade parties from using the waiting strategy.

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