Quantstamp Price

What is Coin?

Coin is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. One such coin is Quantstamp (QSP), an Ethereum-based security-auditing protocol. It was created in 2017 by Richard Ma and Steven Stewart with the goal of becoming the standard for smart contract security auditing.

Quantstamp’s mission is to provide a secure and reliable way for developers to audit their smart contracts before they are deployed on the blockchain. The protocol works by scanning source code for potential vulnerabilities and then providing feedback about any issues it finds. This helps developers ensure that their contracts are secure before they go live.

The Quantstamp protocol also provides an incentive system for users who help identify bugs or vulnerabilities in smart contracts. If a user finds a bug or vulnerability, they can submit it to the Quantstamp network and be rewarded with QSP tokens. This incentivizes users to find bugs and helps keep the network secure.

In addition, Quantstamp has developed several tools that make it easier for developers to audit their smart contracts. These include automated testing tools, which allow developers to quickly run tests on their code; static analysis tools, which detect potential vulnerabilities; and manual review services, which provide detailed feedback from experienced security experts.

Overall, Quantstamp offers an innovative solution for ensuring the security of smart contracts on Ethereum-based networks. By providing automated testing tools, static analysis tools, manual review services, and incentives for identifying bugs or vulnerabilities in smart contracts, Quantstamp makes it easier than ever before for developers to deploy secure applications on Ethereum.