The Quantstamp protocol explains the smart contract protection problem by building a scalable and cost-effective system to audit all smart contracts on the Ethereum network.
WHAT IS QUANTSTAMP (QSP)?
It is a safety verification protocol for smart contracts that improve the protection of Ethereum. The benefits of the security protocol include trust, automation, governance, and ability to compute hard problems over a distributed network.
QUANTSTAMP (QSP): HISTORY
QSP was established in June 2017 by Steven Stewart and Richard Ma. Quantstamp (QSP) is based in San Francisco, CA, United States. One of the most critical advantages of blockchain technology is its trustless and secure nature. Quantstamp has formed their protocol to exclude the human and third-party risk by designing a scalable and cost-effective system to audit all smart records on the Ethereum network, at a fraction of the cost. Quantstamp is issuing a supply of 1 billion tokens called QSP. 65% of the quantity will be going to the public sale, with 20% kept by the team and advisors, 10% for core activity reserves and 5% for community development.
HOW DOES QUANTSTAMP (QSP) WORK?
A developer needs to expand a smart contract based on Ethereum. To reduce the risk of losing funds due to security vulnerabilities, the developer can send the code to be checked on the QSP network. Depending on the size of the audit required, the developers can choose how much premium to submit to the system. The QSP network gets the request, and on the next Ethereum block, QSP completes the validation required for the audit. A statement is then done which incorporates all the risks depending on severity, with 10 being a major vulnerability and 1 being a minor one.
HOW TO BUY QUANTSTAMP(QSP)?
The steps users have to follow to get QSP is Setting up a Quantstamp wallet, buying Ethereum and then exchanging Ethereum for Quantstamp. The best place to store your QSP coins is MyEtherWallet which can store any coin on the Ethereum blockchain, including Quantstamp. The exchanges like Binance, Huobi, Kucoin, etc., will help the users to purchase the coin.
QUANTSTAMP (QSP) PRICE PREDICTION 2018
Quantstamp can be a valuable investment option. QSP price equal to 0.227 USD at 2018-03-06, If you buy QSP for 100 dollars today, you will get a total of 439.605 QSP. Based on our forecasts, a long-term increase is demanded, the price prediction of 2023-03-04 is 3.890 US Dollars. With a 5-year investment, the revenue is expected to be around +1609.99%. Your current $100 investment may be up to $1709.99 in 2022. QSP price today is $0.227 and have the current supply of 617,314,171 QSP. The market cap value is $140,748,866 and the volume is marked as $2,642,880.