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Quantstamp Evaluate

Quantstamp (QSP) is a project that is creating a blockchain primarily based smart contract auditing protocol. They launched with great fanfare in 2017 to a blockbuster ICO.

Since then, the project has been building out their protocol and have already accomplished a number of high profile blockchain based audits. Nevertheless, the project was broiled in a little bit of controversy final year when it came to make use of of their QSP token for audits.

In this Quantstamp assessment we’ll take an in-depth look into the project including the workforce members, development, roadmap and neighborhood support. We will also take a look at the QSP tokens and their potential for mass adoption.

What is Quantstamp?

Quantstamp is a platform designed to improve smart contract safety by auditing Ethereum smart contracts to detect any potential vulnerabilities.

Before Quantstamp the only way for smart contract developers to detect many vulnerabilities was to offer bounties for others to dig through their code to search out any problems. Quantstamp feels they can improve on this by using scalable proofs of audit.

Quantstamp has already completed quite a few audits, and the QuantStamp betanet for the decentralized, blockchain based scanning software is already live to scan smart contracts in real-time. Additionally they completed the next audits in 2018:

OmiseGo’s Minimal Viable Plasma (MVP) implementation

Binance’s a hundred and twenty+ ERC20 tokens for the Batch Overflow Vulnerability

Quarkchain’s ERC20 and tokensale contracts

The QuantStamp Crew

The QuantStamp group grew dramatically in 2018, adding seventeen members and more than doubling in measurement to the present 29 member team. There are several open positions seeking to be crammed as well, from research engineers to quality assurance positions.

As with all staff the top names to have a look at are the leadership and within the case of QuantStamp this is co-founders Richard Ma and Steven Stewart.

Ma began his career as an engineer at Tower Analysis the place he designed trading algorithms. He acquired his curiosity in blockchain security as an early investor within the DAO who lived through the aftermath of the 2016 hack that created Ethereum Traditional and the new Ethereum chain.

Stewart has been a standout since early days, with his first job being a pc systems analyst for the Canadian Division of National Defense even before he finished with his Bachelor’s degree.

A recent hire who now units the path for Quantstamp is Olga Mack, who holds the title of Vice President of Strategy. Mack received each a B.A. and J.D. from UC Berkeley and has held positions at Yahoo, Zoosk and Visa.

In addition to the leadership group the senior research workforce is comprised of a number of PhD’s in laptop science and electrical laptop engineering. With experts in computer modeling, blockchain and finance, and several serial entrepreneurs, the QuantStamp crew is well positioned to deliver on their promises and continue rising dramatically.

QuantStamp Performance

QuantStamp uses its scalable and clear proof-of-audit protocol to create a network that connects builders and investors. This network allows for automated checks to uncover vulnerabilities in smart contracts. This automation permits the network to automatically reward those that discover vulnerabilities or different bugs in the smart contract code.

To energy the network the QuantStamp crew created and launched QSP tokens. These are used to buy audits and as a method to compensate those who run the verifier nodes that scan the smart contract code for vulnerabilities.

Currently there are parts to the QuantStamp protocol.

The automated software platform that checks Solidity code to confirm it’s constructed properly, without any vulnerabilities. This platform does require a large amount of computing power, which is why verifier nodes are required. The platform is deliberate to grow to be able to discover more and more sophisticated assaults over time.

The automated bounty system that pays humans who manually scan and confirm the Solidity code. These users are compensated after they discover bugs and vulnerabilities. This handbook system is a bridge to fill the gap until full automation is possible.

Those that need to see a more detailed explanation of how the proof-of-audit system works might want to have a look on the QuantStamp whitepaper.

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