About Quantstamp

QSP is an Ethereum token that powers Quantstamp, a security auditing network for crypto protocols. QSP can be used to pay for smart contract audits, earned by running verification nodes, and for proposing and voting on network upgrades.

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£0.0003821

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Investment risk

Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.

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Recent trends

The current price is £0.0003821 per QSP with a 24-hour trading volume of £0.00.

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Network & Addresses

Network
Address

Ethereum

0x99ea4dB9EE77ACD40B119BD1dC4E33e1C070b80d

Price history

Time
Price
Change
Today
£0.0003821
NaN%
1 Day
£0.0502
0.00%
1 Week
£0.05013
0.00%
1 Month
£0.05134
0.00%
1 Year
£0.05097
0.00%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

FAQ

Quantstamp is a security-auditing protocol that seeks to resolve the security issues related to smart contracts. The project aims to solve these by developing a scalable and cost-effective auditing system on the Ethereum network. This security project facilitates the adoption of blockchain technology through risk assessment and security services. In simple terms, the project aims to secure a decentralized internet from issues like hacking and online theft.

The aim of the Quantstamp team is to develop the following:

The Quantstamp whitepaper states that a distributed network of participants is used to reduce the effects of bad actors, offer governance, and provide the necessary computing power. Every participant utilizes QSP tokens to receive, pay for, or improve verification services. The different types of participants of Quantstamp Protocol are contributors, bug finders, validators, contract users, contract creators, and voters.

Quantstamp's strategy is to build a foundational protocol that incorporates the Ethereum platform and creates a secure ecosystem. The Quantstamp services aim to do security checks in a trustless manner to improve smart contracts. However, the protocol does not assure flawless code but seeks to offer a secure code using crowdsourcing and automated methods. The security protocol consists of an automatic software verification system that aims to audit the Solidity programs and an automatic bounty payout system that aims to benefit participants for finding faults in smart contracts.

QSP is the token of Quantstamp protocol. This upgradable system has a governance system managed by the QSP token holders. The Quantstamp governance system plays an important role in upgrading the protocol, as the mechanism seeks to reduce the possibility of upgrading forks and keep a check on the consistency between users.

Quantstamp was cofounded by Richard Ma (CEO) and Steven Stewart in June 2017. The founding team members of the protocols are Ed Zulkoski, Dr. Vijay Ganesh, Dr. Vajih Montaghami, and Dr. Derek Rayside.

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