The blockchain is often used in the trading world, as it is the safest way to conduct financial transactions. The blockchain is a network of computers, often known as blocks, which verifies financial transactions. There are millions of them across the world, all of which hold the same information, updating whenever one of the blocks updates, or processes a new transaction so that they have identical data. Therefore, it is very difficult to lose information, as it is available across millions of computers.
If one of the blocks was to shut down, the other blocks are able to continue updating and processing data and adding new blocks. So, if somebody attempted to hack or shut down the entire system, they would have to shut down millions of blocks, making it highly unlikely, and basically impossible, that this would happen.
This makes it very safe. A part of this safety, is the use of cryptocurrency, or tokens, to conduct any financial transactions across the GigTricks website. GigTricks uses GigBit tokens for all of its’ transactions. These can be purchased in a number of ways, for example in the pool where a certain number of tokens is available and can be purchased using credit or debit card. Onsite conversion; if you own other tokens such as Bitcoins, you can convert them into GigBit tokens. Or in one of GigTricks partner exchanges.
Users can then use the GigBit tokens to pay for a wide variety of things. They can be used for one-off purchases on the GigTricks website. They can be used to pay for a course in GigTricks Learning. Employers can use them to pay freelancers for their work, either by rewarding them with the tokens or by transferring them directly to their GigTricks wallet. They can also use the tokens to pay for subscriptions should they choose to upgrade, and for products or services on the GigTricks website.
If you find that you no longer want, or need the GigBit tokens, they can be liquidated in any of the following ways; they can withdraw the GigBit tokens into their GigBit wallet, allowing them to use them outside of GigTricks. They can sell a maximum number of tokens from the app to any of GigTricks official partners via ASK orders. Finally, they can sell a specific number of tokens within Market Order through linked partner exchange accounts.
GigTricks are harnessing the blockchain network and the use of tokens in order to provide freelancers and employers and safer place to contact each other. They also want to create somewhere that is based on transparency, trust and honesty. This is why they also use smart contracts. As soon as an agreement is made regarding fees, milestone deadlines, etc, a smart contract is generated. This is an unchangeable contract, so the employer must pay upon completion of all milestones, and the freelancer must complete the project as agreed, by the deadline that has been agreed upon.
GigTricks is evolving, why don’t you move forwards with GigTricks too?
Official Website: https://www.gigtricks.io/
Whitepaper link: http://regerie-waskitty.com/4d017c36-d716-48f8-b731-f2b2b41a3c7a
Telegram Group: https://t.me/gigtricks
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1472959