What is Quantstamp? Where to buy QSP coin? How is the future?
Quantstamp is a security protocol designed for Ethereum. Quantstamp tries to catch vulnerabilities in smart contracts. QSP coin is the native token of the protocol.
What is Quantstamp?
Quantstamp, is a security audit protocol for smart contracts. In fact, as a DApps platform, Ethereum has proven many times to be secure. However, DApps and smart contracts on Ethereum may have bugs that could be exploited maliciously by some users.. The $55 million DAO and $30 million Parity hacks encountered so far should not be forgotten. It is clear that such problems harm not only the people who lost their money, but the entire cryptocurrency world.. It is a fact that hacking cases have shaken trust in cryptocurrencies
There is no doubt that writing smart contracts is a very difficult task.. Like other programs and applications, it is almost impossible to write smart contracts without leaving any open doors.. Considering how many smart contracts have been written, it can be understood how difficult it is to audit them.. Moreover, even after strict controls, there are likely to be bugs that could leave the door open to hacks..
Right in the midst of these challenges, Quantstamp steps in.. The Quantstamp protocol includes a cost-effective system that oversees Ethereum-based smart contracts.
How does Quantstamp work?
Quanstamp protocol has a two-pronged approach to security auditing.
Software verification
Qutantstamp has verification nodes. Nodes use security checks such as simultaneous tests, static analysis, trial, and automated reasoning tools such as SAT and SMT.
Participants who submit verification software to Quantstamp receive QSP tokens as a reward..
As for sending malicious verification software, the task of sending software is determined by voting, also with QSP tokens..
In addition, since the implementation of verification software will require a lot of processing power, users who contribute in this direction are also given QSP tokens as a reward..
Let’s see how the process works step by step;
- You are a software developer and you want to publish a smart contract on Ethereum.
- You can download your smart contract directly from your wallet, with source codes. You have sent it to Quanstamp.
- You have also uploaded the required QSP tokens (USD and ETH also valid) for the transaction.
- When the software verification procedure is completed on Quanstamp, the necessary data of the control is shared in the next block..
- It is your choice to publish or not publish the security report of your smart contract.
Reward payment system
The QSP tokens you add when you send your smart checks to Quantstamp for inspection are used for rewards. Users who find faults in contracts are rewarded with QSP tokens.
Want to earn money by testing smart contracts on Ethereum with Quantstamp? This video can help you.
Whose is Quanstamp?
Quanstamp co-founders Richard Ma and Steven Stewart. Quanstamp founders and developers are mostly Canadian. In particular, we must mention that Steven Stewart is a former Canadian Ministry of Defense employee..
Quanstamp, which was established in June 2017, has more than 30 employees in Google Scholar with over 500 citations.. In this respect, we can say that it has an extremely academy-oriented employee profile..
Let’s take a look at Quanstamp on social media
Quantstamp twitter account stands out with 57.6 thousand followers.
The company announced in one of its recent tweets that they have completed a Prysm audit during the transition to Ethereum 2.0.
Website
Telegram
Medium
<
Github
What is a QSP coin?
QSP coin is Quanstamp’s native token. Developers who send their smart contracts to be audited to the Quanstamp protocol send their software together with the QSP coin.. Developers who find faults in contracts receive QSP coins as a reward.
QSP token holders also have the right to vote on Quantstamp to approve their smart contracts or update their verification nodes..
Where to get QSP coin?
QSP coin can be exchanged for Bitcoin or Ethereum on Bincance and Huobi exchanges.
How to store QSP?
QSP is an ERC20 token. So you can store it in a wallet with ERC20 support. Online MyEtherWallet or hardware Ledger Nano S can be recommended.
What is Alpha Finance Lab? What is ALPHA coin?
What is SushiSwap? How to buy SUSHI coin? Does it have a future?
Source
Dardanel factory will be in quarantine for 14 days!