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Quantstamp (QSP)


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Official site (website): https://quantstamp.com Official Twitter account: https://twitter.com/Quantstamp Official Telegram channel (group): https://t.me/quantstamp Reddit: https://www.reddit.com/r/Quantstamp/ YouTube video (channel): https://www.youtube.com/channel/UCXP3YLX4JdI0gGb9UKSunMg Official Facebook account (fb): https://www.facebook.com/quantstamp/ Official LinkedIn account: https://www.linkedin.com/company/25057251/ Medium (blog, article, news): https://medium.com/quantstamp PDF document file: https://docsend.com/view/shcsmhe Discussion forum: https://bitcointalk.org/index.php?topic=2220795.0 Github: https://github.com/quantstamp Explorer: https://etherscan.io/token/Quantstamp Explorer: https://ethplorer.io/address/0x99ea4db9ee77acd40b119bd1dc4e33e1c070b80d CoinMarketCap (coin market cap): https://coinmarketcap.com/currencies/quantstamp/ Alexa website traffic ranking: https://www.alexa.com/siteinfo/quantstamp.com

Contents

Truth and factsEdit

  • Quantstamp is the first decentralized security auditing blockchain platform, the protocol for securing Ethereum smart contracts.
  • Quantstamp is the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts. Our team is stellar: PhDs with industry experience, backed by a powerful blockchain industry advisory board.
  • Quantstamp is building a foundational technology that aims to protect users and investors for scalable proofs of audits.
  • Quantstamp is a security verification protocol for smart contracts that improves the security of Ethereum.
  • Quantstamp claims to be the first scaleable security audit protocol that can find vulnerabilities and Ethereum smart contracts.
  • The advantages of Quantstamp protocol include automation, trust, governance and the ability to compute hard problems over a distributed network.
  • Currently, the cost of smart contra auditing starts from $5,000 and takes at least a week to complete. Quantum's goal is to lower the cost to as low as $10 per audit with the audit delivered within minutes after submitting the smart contract.
  • Quantum security verification protocol consists of two parts, an automated and upgradeable software verification system that checks solidity programs and an automated bounty pay off system that rewards human participants for finding errors in smart contracts.

Features

  • Cost Effective: For smart contracts to truly play an important role in the future of many industries, cost-effective code auditing is integral.
  • Scalable: Quantstamp’s protocol is designed to scale to verify all Ethereum projects, and become a fundamental part of mainstream adoption for Ethereum.
  • Secure: Centralized audits are vulnerable to insider attacks. The proof-of-audit protocol is designed so that malicious actors cannot manipulate audit results.

Official

  • Quantstamp (QSP) is based in San Francisco, CA, United States.
  • We believe in the future of smart contracts and are building a foundational technology to protect users and investors – with scalable proofs-of-audit.

Token

  • The official ticker symbol for Quantstamp token: QSP
  • Token type: ERC20
  • Total token supply: 976,442,388 QSP
  • Circulating Supply: 617,314,171 QSP

ICO

  • ICO from 17 Nov 2017 to 16 Dec 2017.
  • Pre-ICO from 7 Nov 2017 to 15 Nov 2017.
  • ICO token price: 1 ETH = 5,000 QSP

Video PlaylistEdit

Proof of HODL Quantstamp Video

00:00 Hi, this is Richard Ma, the CEO of Quantstamp.
00:03 And in this video, I'm gonna introduce proof of HODL.
00:06 Okay, all right, so here we go.
00:09 So this is HODL, I want to put on the y-axis and this is time.
00:18 Okay, so now when we start the token sale and we release the tokens, HODL is gonna be a hundred percent.
00:33 But as we know, our program, we're trying to do proof of caring, we want to you know get real supporters on board but some are not real supporters, they're fake cobblers okay, so this line, you know, as as we release the tokens, it's gonna decrease and I think what will happen is that we're reached its true hollow.
00:59 Okay, so at this point, these are the real HODLers, okay so this is a true HODL line.
01:06 So what we're gonna do is as we track all the contribution addresses, you know for the true HODLers, once we reach this line, we release a bonus and then over time, we release another bonus, and then we're going to hold special events.
01:35 So that is the Quantstamp proof of HODL program, thank you very much.

ICO Review: Quantstamp (QSP) - Protocol for Securing Smart Contracts

00:00 Hi everyone, this is Victoria from crush crypto dot com.
00:03 In this video, I'll be covering a highly anticipated blockchain project known as Quantstamp.
00:07 The company is building a foundational technology that aims to protect users and investors for scalable proofs of audits.
00:13 Please note we are not paid or mandated to do any of our reviews, this is just our personal opinion and analysis and not investment advice.
00:21 Quantstamp is a security verification protocol for smart contracts that improves the security of Ethereum.
00:30 They claim to be the first scaleable security audit protocol that can find vulnerabilities and Ethereum smart contracts.
00:36 The advantages of their protocol include automation, trust, governance and the ability to compute hard problems over a distributed network.
00:43 Currently, the cost of smart contra auditing starts from $5,000 and takes at least a week to complete.
00:50 Quantum's goal is to lower the cost to as low as $10 per audit with the audit delivered within minutes after submitting the smart contract.
00:58 Quantum security verification protocol consists of two parts, an automated and upgradeable software verification system that checks solidity programs and an automated bounty pay off system that rewards human participants for finding errors in smart contracts.
01:13 The Quantstamp team will be developing the following, the Quantstamp validation node, a heavily modified Ethereum clients, the security library which contains code that performs automated checks and validation smart contracts that handle bounty payment voting mechanism and governance.
01:28 A security library may also be developed to support languages other than solidity.
01:32 This here is a diagram of Quantstamp security audit engine which takes an unverified smart contract, performs the automated security and vulnerability checks and produces a report.
01:42 So how does Quantstamp works?
01:46 Let's say a developer wanted to deploy a smart contra written in solidity on Ethereum.
01:50 To minimize the risk of funds being lost due to vulnerabilities, the developer can submit his or her code to a security audit via the Quantstamp Ethereum smart contract.
01:59 Depending on the security needs of the program, the developer can decide how much bounty to send.
02:05 The smart contract receives the request and on the next Ethereum block, validation nodes perform security checks to validate the contracts.
02:13 A report is done which classifies issues based on severity, with one being a minor warning and 10 being a major vulnerability.
02:20 When requesting an audit, the developer can choose to have a private report which is encrypted and accessible only by the developer, or the developer could choose to have a public report in which case anyone will be able to access a web portal to review the security report.
02:35 Quantstamp was founded in June 2017.
02:38 In July, they built a solidity static analyzer prototype, days after the parody wallet hack.
02:44 In October, they completed a semi-automated audit for request network.
02:48 By the end of this year, they plan to complete three more semi automated audits for other companies.
02:52 In January of 2018, they plan to build the Quantstamp validation node which is an Augmented Etehreum node.
02:59 In April, they will deploy the system to the test network and begin an academic review of their system.
03:06 In August, Quantstamp will release mainnet version 1 and in October they will add their insurance alpha product to maintenance smart contracts.
03:13 Quantstamp is raising funds in a crowd sale by issuing QSP tokens.
03:16 The pre sale which is based on proof of caring is happening between October 4th to November 7, 2017, with three tiers of bonuses.
03:26 The exact date for the public crowd sale has not been announced yet but is planned for sometime in November.
03:30 Quantstamp has set a hard cap of thirty million dollars for their ICO at a conversion of one ether for five thousand tokens.
03:38 The total token supply is one billion and a maximum market cap on a fully diluted basis is 46 million dollars.
03:45 This chart here shows how their tokens will be distributed.
03:47 65% of the tokens will be for the ICO, 20% of the tokens are for the team and advisors.
03:52 The tokens for the founding team are on a three-year vesting schedule.
03:56 This chart here shows how they intend to use the proceeds.
04:01 50% will be used for product development, while 30% will be used for marketing and community.
04:05 Please check out at Quantstamp website for the most up-to-date information on their ICO and the launch date for their crowdsale.
04:11 Quantstamp tokens are used to pay for, receive or improve upon verification services.
04:17 This here is a list of the various roles in their ecosystem and how each of these roles interact with QSP tokens.
04:24 The governance system is a core feature of quantum security verification protocol.
04:29 The validation smart contract is designed to be modular and upgradable based on token holder voting via time lock multi-sig.
04:36 As QSP tokens are being used and rewarded within the Quantstamp ecosystem, the more usage the prodigal has, the more valuable QSP tokens will become.
04:45 Quantstamp currently has a core team of seven people, most of the key team members studied or are currently studying at the University of Waterloo in Ontario Canada.
04:53 The CEO, Richard Moe, was a former algorithmic trader and a quantitative trader.
04:58 The CTO, Steven Stewart, was a former software developer and was also a computer systems analyst at the Department of National Defense of Canada.
05:07 Advisors of Quantstamp include Allen Chang, director of engineering at Facebook, dr.
05:12 Vijay panache, computer engineering professor at the University of Waterloo, and Lincoln, the chief of staff at civic.
05:18 What are some of the opportunities?
05:21 Quantstamp already had a successful audit with request network which was a smoothly run ICO.
05:25 This speaks well to the team's capability and blockchain development and smart contract auditing.
05:31 Right now smart contracts are unsecured by default.
05:33 They need to go through an expensive and prolonged audit process to be verified and this has been hindering the adoption and usage of smart contracts.
05:41 Quantstamp is a good candidate to tackle this problem and help propel blockchain and smart contract adoption.
05:47 Even if their software has limited functionalities in the early stages of its development, it can still prove useful for manual audits, potentially saving the auditors a lot of time.
05:58 In their telegram group, Quantstamp indicated that they will be buying back their tokens if prices dropped below the ICO price, these tokens will be put into reserve which the team can release in the future.
06:09 This indicates to us that the team is quite confident in their own projects.
06:12 And a few concerns we wanted to note.
06:16 The project is still in its early stages of development.
06:18 According to the white paper, the mainnet release won't be happening until August next year, which is nine months after the end of the ICO.
06:24 Based on their bonus structure, presale participants could receive up to 100 percent in bonuses which could be viewed negatively by other participants.
06:32 Investors are becoming more cautious with ICO that had large presale discounts of bonuses, as presale participants are willing to sell their tokens and a much lower price than crowd sale participants.
06:43 For example, even if QSP tokens dropped a 25% below the ico price, those who received a 100% bonus could still generate a 50% return.
06:52 And we believe that smart contra audits cannot be fully automated as human judgment and input is required to understand the logic and the intent of the smart contract.
07:02 Software can spotm bugs that caused the contracts to malfunction.
07:06 Before example, you may not be able to detect errors that cause coins or tokens to be sent to the wrong person or detect that a wrong formula is being used to calculate the payoff in a smart contract.
07:17 The problem that Quantstamp is trying to solve is an important one and they may face other competitors.
07:22 Etherparty, Blockcat and Agrello are focused on making smart contracts easier for people to use without the need for technical knowledge.
07:30 They aim to lower the cost of smart contract development which could help propel adoption of smart contract technology.
07:35 Quantstamp has focused more on security verification but they may not be the winner in the space as the smart contract creation tools if successfully developed, could be securely audited and updated within their own platforms.
07:47 In any case, the market may be large enough for several players to thrive and Quantstamp may be able to cater to more sophisticated or unique smart contracts.
07:55 Overall, we have a neutral view on flipping.
07:59 As you can see in this table, public crowd sale participants are contributing 63% of the hard cap or 19 million out of the 30 million dollars.
08:08 However, because of the bonus structure, they are receiving only 54% of all the tokens that are being allocated to ico participants.
08:15 So unless you get in during the pre sale, we believe it is not attractive for short-term holders to contribute into the ICO.
08:23 Of course, the ICO market could change dramatically by the time the crowd sale begins and our view right now is based on the current market environments.
08:29 For long term holding, we have a positive view at the moment.
08:34 We believe the project has a lot of potential and if Quantstamp is successful, they could have lower the cost of using smart contracts and drive launching adoption forward.
08:42 With a team showing their competency by successfully auditing request network, we believe the project has a good chance to gain traction once their protocol rolls out.
08:51 Thank you very much for watching our video on Quantstamp.
08:56 To learn more about this blockchain project, please visit their website for the most up-to-date information, including the official date of their public crowd sale.
09:03 If you haven't already, please subscribe to our YouTube channel and to our email newsletter to get the latest market updates and reviews.
09:09 See you next time I know hope you'll keep on crushing your crypto game.

Auditing NetworkEdit

  • Quantstamp is a specialized network that connects developers, investors and users around a transparent and scalable proof-of-audit.
  • The network acts as a critical piece of transparency by enabling automated checks on smart contract vulnerabilities and automatically rewarding verifiers who identify bugs.
  • Quantstamp tokens allow the platform to operate in a scalable and fully decentralized fashion, delivering computation fees to verifier nodes, and bounties for locating vulnerabilities.

QuotesEdit

  • Richard Ma, Quantstamp Co-founder: "Our vision for auditing is simple: More Automation, Higher Security and Lower Cost."

WalletsEdit

ExchangesEdit

List of exchanges, trading platform and marketplaces to trade, buy and sell Quantstamp (QSP).

RoadmapEdit

Date Focus Whitepaper Product Community Team Business
Apr 2017 Concept Identified issues with blockchain environment
  • Investigate feasibility of product concepts
Reach out to indificuals for feedback Co-founders only
  • Determine economic viability of concept.
  • Self-funded
Jun 2017 Design Developed solution for solving systemic issues with smart contract development
  • Research network designs and gathered references from journals.
Reach out to advisors for feedback Co-founders only
  • Identify key value drivers of security auditing
  • Determine funding roadmap
Jul 2017 Prototype, Token presale Developed full technical whitepaper with collegaues and advisors
  • Built abstract syntax tree parser.
  • Built prototype to find reachability bugs.
Add open source code to github, and begin community outreach Team of 6
  • Structure token sale
  • Regulatory compliance
  • Being marketing / pr campaign
  • Set up advisory board
Apr 2018 Testing, token holder approval voting Update technical whitepaper with notes from testing
  • Do reliable testing and performance testing
  • Implement design changes
Work with the community to test the product Team of 10
  • Strategic partner development
  • Financial planning
  • Conferences and awareness campaigns
  • Recruiting
Production Production, token holder approval voting Update technical whitepaper with production findings
  • Evaluate early production performance
Work with the community to find improvements and continue outreach Team of 15
  • Production support recruiting
  • Financial planning
  • Conferences and awareness campaigns
  • Strategic direction
Apr 2019 Network V2 Update technical whitepaper with V2 improvements
  • Continue working on security library and network development
Hold educational events for the community to learn the latest techniques Team of 20
  • University grants for platform research
  • Financial planning
  • Strategic planning
  • Recruiting
Date Events
14 Sep 2017 CoinAlts Fund Symposium San Francisco, CA
2-3 Oct 2017 CryptoEconomics Security Conference CESC 2017, Berkely, CA
10-11 Oct 2017 BLOCK-CON 2017, Blockchain Convention Santa Monica, CA
24-25 Oct 2017 World Blockchain Summit Dubai, UAE
9-10 Nov 2017 2017 Asia Digital Asset and Blockchain Congress Shenzhen, China
28-30 Nov 2017 Blockchain Expo: North America Santa Clara, CA

Team membersEdit

  • List of team members in Quantstamp (QSP).
Official list of team members
Name Position Details
Richard Ma Co-founder & CEO

 

  • Richard Ma is the co-founder and CEO of Quantstamp (QSP) cryptocurrency project, mainly focusing on securing Ethereum smart contract.
  • From San Francisco, California, United States.
  • Graduated from Cornell University with BS in Electrical Computer Engineering (2006-2010).
Steven Stewart Co-founder & CTO
Don Ho Business Development
Julian Martinez Staff Writer
Kacper Bąk Senior Software Engineer
Tristan Tomas Operations Officer
Prit Sheth Engineer
Anna Kao Graphics and UX Designer
Edward Zulkoski Senior Security Engineer
Vajih Montaghami Senior Security Engineer
Leonardo Passos Senior Developer
Krishna Sriram Community Manager/PR
Jared Harrill Community Manager
Alex Murashkin Senior Software Engineer

AdvisorsEdit

  • List of advisors for Quantstamp (QSP).
Name Details
Evan Cheng Engineering Advisor
David Park Blockchain Advisor
Dr. Vijay Ganesh Security Advisor
Dr. Derek Rayside Security Advisor
Chris Miess Blockchain Advisor
Tom Graham Marketing Advisor
Min Kim Blockchain Advisor
Steve Parr Business Law Legal Counsel

PartnersEdit

White papersEdit

Bounty programsEdit

Frequently asked questionsEdit

ReviewsEdit

ReferencesEdit