With Quantstamp, move towards complete automation

The smart contract security problem is solvable with the Quantstamp protocol, It creates a cost-effective, transparent and scalable audit on the Ethereum network. There are two parts within the protocol:

• To check the solidity programs, there’s an upgradeable and automated software verification system. A large amount of computer power is required to address the conflict-driven distributed SAT solver. However, this will enable them to find growing numbers of sophisticated attacks over time.
• While human participants find errors in the smart contracts, they are rewarded through an automated bounty payout system. This will help to bridge the gap through this system and attain full automation.

Contributing towards a blooming blockchain ecosystem

Quantstamp is assisting developers to create dependable code. In the realm of software verification, they showcase years of research and experience, extending towards the next-generation of digital revolution, which is exciting.

It is mandatory now to have a more secured code, vulnerabilities browbeat the adoption of blockchain technology and cryptocurrencies. While scaling Ethereum, a lot of work is being done. However, security is imperative and it provides for the vision for the smart contracts future.

Quantstamp has an automated security audit protocol, that will assist seasoned developers to deploy code that the public can rely on, they will deduce the theory of writing formal specifications containing several lines of code. This will address an infrastructural-level challenge by automating checks and property verification as much as it can.

A safe environment for Ethereum will be eventually incorporated through Quantstamp’s technological advancement

How will Quantstamp gain traction

The focus on diligence for Quantstamp is imperative, as the greatest challenge is declining to be diligent for the audit companies. With all the challenges of smart contracts, will Quantstamp critically evaluate all the contracts, each one of them?

Bad marketing is a black sheep. Quantstamp is into community marketing, which is admirable. However, just the investors can’t do it all for them. Quantstamp must encourage itself to do some marketing too.

Quantstamp service is long due, since there is an emerging trend to secure smart contracts. Regardless of humans being able to check their own smart contracts, undertaking the audits through a protocol and driving security, scalability and cost effectiveness is helpful. Quantstamp seems promising and showcases immense potential, it is highly recommended while investing in ICO.

To address the loopholes

Prior to a blockchain deployment, developers look to capture security vulnerabilities in a smart contract code. Securing smart contracts, perpetuating millions of real people’s money and restoring blockchain system’s credibility is not as easy as people think it is.

And for this, Quantstamp provides automatic tool, which is seamless. It helps to audit the smart contract code and eliminates security threats with its bounty tool. With Quanstamp’s protocol, investors and stakeholders can secure their projects and enable transparency in their audits. Also, impart confidence that a high security standard is maintained in a project for the crowdfunding participants.

While exploring blockchain, smart contracts create immense curiosity to a lot of people. Since, if you do it correctly, smart contracts are potentially beneficial if you add services like Quantstamp to it to ensure security and put your problems at bay.

There’s more

• Smart contracts aren’t perfect, absolutely. How can you say that?
• Well, there could be bugs in the code.
• How are governments likely to legalize these contracts?
• What about taxing these smart contract transactions?
• Rental situations? What if you send the wrong code? The contract will perform at any cost, however.

Are these challenges dissuading adopters from approaching these contracts? No. Although, they are attempting to unravel more of the challenges. A lot of potential is seen, it is likely to grow.

Entangling these issues is where the future of smart contracts lies. Experts are anticipating that it will come into our everyday life and it will emerge in many realms. Smart contract will see the dawn as a hybrid of paper and digital content, verifying contracts through blockchain and validated by a physical copy.

How does it work?

Quantstamp tokens will go for 5000 QSP per 1 ETH. But in the presale (which you get in through this proof-of-care), you can get a rate as high as 10,000 QSP!

The presale is between the 9th October — 9th November (with $11M worth available), and the crowdsale is between the 15th November — 22nd November (with $19M available).

A hard-cap has been announced at $30M.

Decisions about individual allocations will be made on a rolling basis. How much allocation you get and what tier you are in will be based on the quality of your Proof of Care. You need to submit your Proof of Care on this form.

• Caring level 1 ($3M): 1 ETH = 10,000 QSP (unchanged)
• Caring level 2 ($4M): 1 ETH = 7,000 QSP
• Caring level 3 ($4M): 1 ETH = 6,000 QSP

Crowdsale: $19M (11/15/17–11/22/17) The crowdsale will have individual caps so that everyone on the whitelist can participate. Due to individual caps, no proof of caring is needed for the crowdsale.

• Crowdsale ($19M): 1 ETH = 5,000 QSP

If you’re more inclusive and care about the community to participate, you’d need to outreach and spread wider. Build the community, get acknowledged and raise money.

Criteria for Proof of Caring

• It’s all genuine
• All you need is a social proof
• Understand the project, express it genuinely
• If you end up in tier 2, contribute more
• Spend time building traction
• Invite friends to the telegram group