Quantstamp The Future of Smart Contract Audits

in #quantstamp7 years ago

After researching the team, product and their white paper i'm positive i have found another crypto jewel.
I am sure it will worth of your attention.
The company is called "Quantstamp" (website: https://quantstamp.com)

Putting in brief the problem Quantstamp is trying to solve so you can see if you find the concept interesting also:
The amount of smart contracts used has already risen exponentially to approximately 2 million recently and is expected to rise to 10 million soon.
A recent study found vulnerabilities in 45% of those contracts putting the value traded over those contracts in danger.
There are multiple problems in auditing smart contracts, especially with such high volume of smart contracts. For example:

  • The central auditing poses risks of rogue employees.
  • The costs, especially for small start ups to hire auditing companies is high.
  • The sheer number of auditors needed in the future will become to large for 100% manual auditing.

Quantstamp is aiming to solve all those problems and more by automating and scaling the auditing process as much as possible without compromising security.
This is a market that needs filling and so far i haven't been able to find any competitors in this field, so Quantstamp will also have the first movers advantage.

In Blockchain, We dream of how public ledgers will encode fairness and trust into everything from intellectual property to self-government. Quantstamp takes us one step closer to this future by auditing smart contracts in way that is true to the values of blockchain tech. Quantstamp isn’t just a dApp, it is an enhancement to any decentralized virtual machine. Unlike other projects, Quantstamp openly aims to eventually be incorporated directly into the Ethereum protocol.

As always, This is not an investment advice and do your own research as I did mine.

Sort:  

Congratulations @naveenpurswani! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @naveenpurswani! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The new SteemFest⁴ badge is ready
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63348.66
ETH 2668.99
USDT 1.00
SBD 2.78