What is Quantstamp(QSP)?
Quantstamp (QSP) is building a technology that aims to protect users and investors with scalable proofs of audits. It represents a security verification protocol for smart contracts that improve the security of Ethereum.
QSP was founded in June 2017 by Richard Ma and Steven Stewart. Quantstamp (QSP) is based in San Francisco, CA, United States. One of the most significant benefits of blockchain technology is its secure and trustless nature. Quantstamp has developed their protocol to remove the human and third-party risk by creating a scalable and cost-effective system to audit all smart contracts on the Ethereum network, at a fraction of the cost. Quantstamp is issuing a fixed supply of 1 billion tokens called QSP. 65% of the supply 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 wants to deploy a smart contract based on Ethereum. To minimize the risk of losing funds due to security vulnerabilities, the developer can send the code to be audited on the QSP network. Depending on the size of the audit needed, the developers can choose how much bounty to submit to the network. The QSP network receives the request, and on the next Ethereum block, QSP performs the validation required for the audit.
A report is then done which classifies all the risks depending on severity, with 10 being a major vulnerability and 1 being a minor one. When requesting an audit, the developer can choose to make the report private or public, which means that it would only be accessible by the developer or by anyone with access to the public network, respectively.
How to buy Quantstamp (QSP)?
The essential steps the users have to follow to get the coin are Setting up a Quantstamp wallet, buying Ethereum and then exchanging Ethereum for Quantstamp. The most convenient wallet option for storing your Quantstamp coins- provided by 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
QSP can be a profitable investment option. Quantstamp price equal to 0.290 USD at 2018-02-03. If you buy Quantstamp for 100 dollars today, you will get a total of 344.385 QSP. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-28 is 10.126 US Dollars. With a 5-year investment, the revenue is supposed to be around +3387.31%. Your current $100 investment may be up to $3487.31 in 2022. Quantstamp price today $0.292090 and the market cap value is $180,311,296. The volume is marked as $9,788,480, and the current supply is 617,314,171 QSP. Quantstamp price today, Quantstamp price chart, Quantstamp history, Quantstamp wallets, Quantstamp exchanges.