Quantstamp – Mind Mapped

Overview of Quantstamp

Quantstamp is leading blockchain security company based in San Francisco and a founding member of the Smart Contract Security AllianceIt was founded in 2017 and is now a leading provider of smart contract security, and also develops enterprise blockchain solutions

Quantstamp, a blockchain security-infrastructure company, announced it has been inducted as a member of Shinhan Square Bridge: Incheon (located in Incheon Startup Park) backed by Shinhan Financial Group, a leader in the Korean financial services sector.

Quantstamp has secured over $45 billion USD worth of digital assets over the course of over 170 security engagements with startups, foundations, and enterprises including Toyota, World Economic Forum, MOBI, GMO Internet Inc., and Media Do.

Quantstamp is securing, and insuring, a few of the highest-profile systems in DeFi today, which include the DAI Backstop Syndicate that maintains the economic stability of a DAI currency with a market cap of nearly half a billion USD.

Quantstamp also found that if a plasma user has many small UTXOs, it may make withdrawing funds to Layer 1 prohibitively expensive and also leave them open to having funds stolen by malicious plasma operators.

Quantstamp relies on social outreach and communal solidarity, so they use a Proof-of-Caring scheme to encourage validators to further help out fellow users and/or spread the word about the platform.

Quantstamp stepped in to quickly secure the syndicate software protecting the community assets and independently shore up network parameters during the auction with technical support from Maker.

QuantStamp held their ICO in November 2017, with a one week pre-sale followed by a public ICO that was scheduled for a month, but lasted just two days as the ICO hit its hard cap.

Quantstamp’s audit covered the Vyper smart contracts controlling the token reward mechanism as well as the controller logic used to distribute the tokens.

Quantstamp price Index provides the latest QSP price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Blockchain

Richard Ma, CEO and Co-Founder at Quantstamp, who works to manage product strategy, engineering and strategic partnerships, talked about co-founding the Smart Contract Security Alliance, advances in how blockchain is being used to solve complex problems, and his ethos of “give, give, get.”

Mine

What motto or quote do you live by?A personal motto of mine, and a value we have at Quantstamp, is “give, give, get.” A lot of us think about what we can get out of our interactions with other people, but whether it’s in personal or business relationships, I find that helping other people out often leads to more fruitful relationships over time.It’s an ethos I’ve tried to instill in our team, and I think that if more people thought this way, the world would be a better place.

Network

Our mission is to secure the decentralized internet.We believe that for the decentralized internet of value to thrive it needs to be 10x safer and more reliable.Quantstamp is building this 10x safer future.We are a global, tight-knit team of PhDs, security professionals and operators with a wealth of industry experience.We come from companies like Google, Facebook, Apple, Goldman Sachs, BMW, Visa, IDG Ventures, and MathWorks.Quantstamp is a specialized network that connects developers, investors and users around a transparent and scalable proof-of-audit.The network acts as a critical piece of transparency by enabling automated checks on smart contract vulnerabilities and automatically rewarding verifiers who identify bugs.

Support

Quantstamp is also providing a smart contract coverage warranty via Chainproof to cover the value of the Backstop Contract to further help protect the DeFi community.

Can Quantstamp Make Their Auditing More Rewarding?

It isn’t an exaggeration to state that smart contracts are going to be essential in building our future.

How Does Quantstamp Work?

Although the team is focusing on Ethereum now, they’re building the Quantstamp protocol in a way that’s platform agnostic.This means that it can eventually be used on other smart contract platforms like Lisk and NEO.

How many employees does Quantstamp have?

Quantstamp has 30 employees.

How much funding does Quantstamp have?

Quantstamp has raised $0.0.

How much revenue does Quantstamp generate?

Quantstamp generates $2.9M in revenue.

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What Are The Benefits For QSP Token Holders?

As a token holder you have utility in governance control and their Proof of Caring rewards system where token holders can receive airdrops of tokens that Quantstamp has audited.These tokens are allocated based on a holder’s “Proof of Caring score” that is calculated based on a variety of metrics related to their overall contribution to the blockchain community.

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What is Quantstamp?

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

What Is Quantstamp?

Quantstamp is a security-auditing protocol for smart contracts.As a DApps platform, Ethereum has proven its security time and again.However, DApps and smart contracts on top of Ethereum may still have bugs in which malicious players can cause havoc on the network.The two most notable examples of these being the $55 million DAO hack and the $30 million Parity wallet bug.These issues not only affect the people who’ve had their funds stolen, but they also diminish the credibility of the entire ecosystem.

What is Quantstamp?

Quantstamp is the first smart contract, which is a security-auditing protocol.Designed to secure all smart contracts, cost effectively, in a scalable manner.

What is Quantstamp?

Quantstamp is the first decentralized smart contract security-audit platform.?They are building the first token-based security-audit infrastructure that enables smart contract developers to improve the security of their programs.

What is Quantstamp?

The feasibility of smart contracts has seen them adopted with great enthusiasm by people around the world.This has led to a large number of smart contracts being written each day.However, writing smart contracts is a difficult job and one that can potentially have hazardous effects.Instances like the DAO hack spring to mind.

What May Happen With QSP Token Demand?

Token demand is derived from two main sources: (1) token utility in the Proof of Caring model, and (2) the need to purchase and hold QSP tokens to have your smart contract manually or automatically audited.