Quantstamp – Shitcoin Review

Besides Lord Vitalik and our own master dev, Aaron, most everyone sucks at programming.

Bug after bug after bug…

Hack after hack after hack…

UNTIL NOW.

Today we’ll explore Quantstamp, a security auditing platform for smart contracts.

Let’s dig in…

Quantstamp (ticker: QSP)

Mid-Tier Shitcoin

Wtf is this shit?

Quantstamp is a platform for smart contract verification where developers can submit their code for review. Quantstamp is an ERC-20 token based on the Ethereum network, but plans to offer their service to other networks (NEO, Lisk, etc..) as well.

While there are not many dApp users, the development of dApps is growing quickly. Smart contracts, like any other software, are vulnerable to bugs…additionally, the rate at which dApps are being created far outweighs the amount of auditors to ensure their security.

Quantstamp has two primary users: contributors and validators.

Contributors are users who submit code to be audited. They can pay QSP to have audits done, and can also post specific bounties for their smart contracts. When submitting code to be audited, you can set specific bounties for X amount of QSP.

Validators are security experts who audit contracts, claim bounties, and can submit scripts that other validators can use to test for exploits in smart contracts. Validators are rewarded in QSP for their work.

There are validation nodes, which can run the scripts/software uploaded by validating users. Running a validation node requires significant computing power, and they are also rewarded in QSP. Those running a validation node are seen as other validators, even if it is not as hands-on.

Quantstamp also has a Proof-of-Caring scheme, which rewards community members for things like social media outreach, solving Quantstamp bounties, and more. You can submit proof of your work directly to the Quantstamp team, to get paid via airdrop from an ICO that Quantstamp has audited. As of the time of this writing, they have stopped these airdrop services…..so let’s see if/when they start that back up.

 

Who tf is behind this shit?

Their two co-founders are Richard Ma and Steven Stewart.

Richard Ma is the CEO and a former software engineer at Tower Research where he created financial software that handled millions of dollars. He successfully developed this with intense testing in mind (hence Quantstamp). After the DAO hack fiasco, he was inspired to start Quantstamp.

Steven Stewart is the CTO. He has a background in software engineering as well, and he founded a GPU computing startup called Many Trees Inc. They both seem to be fairly young, in their mid-to-late twenties.

 

All in all, mid-tier shitcoin. While the idea is cool and there is unquestionably a need for smart contract auditors, we think this may be a better business rather than a blockchain project. The vision may also be timed a bit too early, but as the dApp world progresses, they may be seen as a first-mover. We’ll see how they do.

Hope you learned some shit.

 

Chat soon!

– Mike and Aaron

85 comments on “Quantstamp – Shitcoin Review”

    1. Agreed, partially why we said Quantstamp is potentially a better centralized business, than anything blockchain based.

      Thanks for the kind words too 😀

  1. Hey there! I know this is kinda off topic however I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest authoring a
    blog article or vice-versa? My website goes over a lot of the
    same topics as yours and I believe we could greatly benefit from each other.
    If you happen to be interested feel free to send
    me an e-mail. I look forward to hearing from you!
    Wonderful blog by the way!

  2. Hey, I think your site might be having browser
    compatibility issues. When I look at your blog in Ie, it looks fine but when opening
    in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up!

    Other then that, wonderful blog!

  3. Greetings! I know this is kinda off topic but I was wondering which blog platform are you using for this website?

    I’m getting sick and tired of WordPress because I’ve had
    problems with hackers and I’m looking at options for another platform.
    I would be fantastic if you could point me in the direction of a good platform.

  4. An outstanding share! I’ve just forwarded this onto a coworker who was conducting a little research on this.
    And he actually ordered me dinner because
    I found it for him… lol. So let me reword this….

    Thank YOU for the meal!! But yeah, thanks for spending time to discuss this subject here on your internet site.

  5. I’m not sure why but this weblog is loading incredibly slow for me.
    Is anyone else having this problem or is it a problem
    on my end? I’ll check back later and see if the problem still exists.

  6. Its like you read my mind! You appear to know a lot
    about this, like you wrote the book in it or something.
    I think that you could do with some pics to drive the message home
    a little bit, but other than that, this is great blog.
    A fantastic read. I’ll certainly be back.

  7. Hi! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Thanks!

  8. Thanks for every other fantastic article. Where
    else may just anybody get that type of information in such
    a perfect way of writing? I’ve a presentation subsequent week, and I’m at the
    look for such info.

  9. It’s the best time to make some plans for the future and
    it is time to be happy. I have read this publish and if I may just I want to suggest you few attention-grabbing things or tips.

    Maybe you can write subsequent articles regarding this article.
    I desire to learn even more issues about it!

  10. Ƭhis design is ᴡicқed! You certainly know hоԝ to keep a reader entertained.
    Between yoᥙr wit and your videos, Ι waas almost moved to start my own blog (well, almoѕt…HaHa!) Fantastic job.
    I really loveed what you hɑd tο say, and more than that,
    һow you presеntеd it. Too cool!

  11. Hello! This is my first visit to your blog! We are a group of volunteers and starting a new project in a community in the same niche.
    Your blog provided us beneficial information to
    work on. You have done a outstanding job!

  12. Hi, i think that i saw you visited my website thus i came to return the favor.I am trying to find things to enhance my site!I
    suppose its ok to use a few of your ideas!!

  13. Reliability – I have studied customer reviews of hoovers and the biggest trouble with every one of them looks like it’s reliability.
    The EL 7020B is really a canister model which has many of the same
    features as the costlier Dyson machines. You could find various options for example
    cordless, refurbished, steam or cylinder.

  14. Its like you read my mind! You seem to know a lot
    about this, like you wrote the book in it or something.
    I think that you could do with some pics to drive the message home a bit, but instead of that,
    this is great blog. A fantastic read. I’ll definitely be back.

  15. Having read this I thought it was very enlightening.
    I appreciate you finding the time and effort to put this content together.
    I once again find myself personally spending a lot of time both reading and commenting.
    But so what, it was still worth it!

  16. Whеnever you elect to freelancе, additionally, you will be in control of your own ѕchedulе.

    Instead of bеing certain to the nine-to-5 work dаy of most regulation places of
    work, both your each day schedule and your calendar aѕ
    a complete shall Ƅe largely սp to you. Whether you hɑve to taқe break daʏ, or
    whether you wish to tackle a heavier workload, freelancing will
    meet your needѕ.

  17. Write more, thats all I have to say. Literally,
    it seems as though you relied on the video to make your point.
    You obviously know what youre talking about, why throw away your intelligence on just posting
    videos to your site when you could be giving us something informative to read?

  18. I’m amazed, I must say. Seldom do I come across a blog that’s equally educative and engaging, and without a doubt, you’ve hit the nail on the head.

    The problem is something that not enough men and women are speaking intelligently about.
    I am very happy I came across this in my hunt for something relating
    to this.

  19. What i don’t understood is if truth be told how you’re no longer really much more well-favored than you might be right now.
    You are very intelligent. You recognize thus
    considerably in the case of this matter, produced me in my opinion imagine it from numerous
    numerous angles. Its like women and men are not involved
    except it’s something to accomplish with Lady gaga!

    Your individual stuffs excellent. At all times take care of it up!

  20. After I initially left a comment I seem to have clicked on the -Notify me when new comments are added-
    checkbox and now each time a comment is added I get four emails
    with the exact same comment. There has to be a means
    you can remove me from that service? Thanks!

  21. Magnificent beat ! I wish to apprentice while you amend your site, how can i subscribe
    for a blog website? The account aided me a acceptable deal.
    I had been tiny bit acquainted of this your broadcast offered bright clear idea

  22. Hey this is kind of of off topic but I was wondering if
    blogs use WYSIWYG editors or if you have to manually code with HTML.

    I’m starting a blog soon but have no coding expertise
    so I wanted to get guidance from someone with experience.
    Any help would be greatly appreciated!

  23. Hey there just wanted to give you a quick heads up.
    The words in your post seem to be running off the screen in Ie.

    I’m not sure if this is a formatting issue or something to do
    with browser compatibility but I thought I’d post to let you know.
    The design and style look great though! Hope
    you get the issue resolved soon. Cheers

  24. Thanks for your personal marvelous posting! I really enjoyed reading it, you’re a
    great author. I will remember to bookmark your blog and may come back in the
    foreseeable future. I want to encourage you to definitely continue your great posts, have a nice morning!

  25. I loved as much as you’ll receive carried out right here.

    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an shakiness over that you wish
    be delivering the following. unwell unquestionably come more formerly again as exactly the
    same nearly a lot often inside case you shield this increase.

Leave a Reply

Your email address will not be published. Required fields are marked *