Smart contracts today.
The great advantages of smart contracts in terms of autonomy, trust and cost savings are making their use grow exponentially. It is estimated that, between June and October 2017, the number of smart contracts has risen from 500K to 2M and, in one year, it is expected to reach 10M. Incredible, isn't it?. The large offer of existing ICOs has contributed significantly to this growth.
However, it is worrying to know that more than 40% of smart contracts have vulnerabilities that can be exploited by hackers to perform robberies such as those that occurred in the DAO, in June 2016, where it is estimated that there were losses of about 55M $ in ETH.
Safer smart contracts.
Quantstamp Technologies Inc. , based in Vancouver ( Canada ), has developed the Quantstamp´s protocol to solve the problem of security in smart contracts. It is the first scalable security audit protocol for smart contracts on the Ethereum network.
Quantstamp´s protocol consists of two parts:
- An automated and upgradeable software verification system.
- An automated reward system for human participants who encounter errors in smart contracts or cede resources from their system for the execution of the Quantstamp´s protocol.
Great team and great community support.
Quantstamp's team is composed of highly qualified and experienced software verification experts. Recently, they have successfully audited the ICO´s smart contract for Request Network.
Quantstamp is getting a lot of support in social networks due to the interest that is awakening its project and its original marketing campaign based on the "Proof-of-Caring". The community behind Quantstamp is growing rapidly and is making itself heard on the internet with articles, videos and memes like this:
By Damir Bogdan.
Conclusion.
Quantstamp is a project to be taken very seriously because it focuses its efforts on solving one of the most serious problems that can occur in the new stage of the digital revolution we are living: the security of smart contracts.
If you want to support this project, you can follow Quantstamp on social networks and even collaborate in its pre-ICO phase, which is being based in "Proof-of-Caring", or in the ICO which will start on November 15, 2017.
You can find further information in:
Whitepaper: https://docsend.com/view/shcsmhe
Official website: https://quantstamp.com
Telegram: https://t.me/quantstamp
Twitter: https://twitter.com/Quantstamp