On January 1st, I announced that to kick off the year, I'd be posting about my crypto portfolio: https://steemit.com/cryptocurrency/@davidpakman/welcome-to-2018-my-cryptocurrency-portfolio
I'll be posting about each currency I hold in the order I took positions in them. Here are the posts so far:
--Bitcoin (BTC): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-day-1-bitcoin
--Ethereum (ETH): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coin-2-ethereum-eth
--Litecoin (LTC): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coin-3-litecoin-ltc
--NEO & GAS: https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coins-4-and-5-neo-and-gas
--IOTA: https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coins-6-iota
Today, I'll talk about the 7th crypto I acquired, Quantstamp (QSP) which by market cap is currently 84th in terms of market cap, and has recently had a big run-up:
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What initially drew me to QSP was a friend's explanation of their focus on smart contracts, specifically auditing the security of smart contracts. Although smart contracts would be a topic for an entire series of posts themselves, they are algorithms for the goal of automating execution process of a contract in the blockchain.
QSP's biggest selling point was not only what it can do, but how effectively it can do it, being able to verify source code written in any language.
QSP is relatively new, first announced in September of 2017, and I made my first purchase of QSP in early December. Like with many of these investments, I do consider them the most speculative of my portfolio, but do believe that QSP has a practical application in solving a specific smart contract security issue. I do see as a possible risk that because of QSP's 100% play as a smart contract auditor, if even one QSP-audited smart contract were to be hacked, it would be absolutely disastrous for trust in QSP.
As always, do your own due diligence. I have a long position on QSP that currently makes up 16.9% of my crypto portfolio, and it is this high because of the recent price run-up