How To Protect Yourself With Quantstamp Review
Security solutions for the real world are few and far between. Too often companies come up with products that promise to protect you, but then aren't actually build by security experts or are trying to cover far too many different industries, without really focusing on one. This leads to a number of different problems within each industry, but the biggest one is always different vulnerabilities that are easy for hackers and others to exploit.
Real protection from real security experts is what anyone who is dealing with money online int he form of crypocurrencies should be looking for. Thankfully, there is a new company who has focused their efforts on small contracts, giving anyone who does business online a bit more protection. In this review of the Quantstamp ICO we cover what they have done different, what they are planning to do in the future, and the very real proof that they are offering to all of their clients.
Starting With The Code
Working online, you know that code is everything. Trading Etherium or any other cryptocurrency, your money is literally reduced down to code. Even if you don't completely understand the role that code plays in your day to day life, you likely understand that it controls everything you are doing. Most security programs focus on the end product, what you can see, and what the product appears to do.
Quantstamp takes the auditing tot he code, making sure that each and every line is formatted, compiled, and published correctly. This means that it detects errors that humans and visual checks may miss. Contracts that are run through Quantstamp don't just look like they are safe, they are actually safe.
Proof You Can See
At the end of each audit cycle, you will get a report of everything that was wrong with each and every bit of the code. Not only that, but you can view their whitepaper and sometimes you can see their reports on what was wrong with other companies as well. This allows you to check for problems that might affect you in the future.
They are also trying not to do traditional marketing and are instead relying on people who have been helped by their product as their main form of marketing. They call this their "proof of caring" model and it shows the level of trust that they have in their product. Basically, they want people to share the problems that they have caught, to show others that they got the help that they needed, and they are so confident that people will spread the word that they aren't going to market themselves, relying only on the traffic that they get from word of mouth.
Making It Easy To Scale
Quantstamp knows that different people are going to need to trade at different levels and at different speeds. They haven't put any limitations on their products, instead they have focused on making it easy to scale up or down. This means that they are better able to serve the people that they hope to work with.
As an individual user, this is honestly very important. I often feel like it is impossible to find security options that actually fit with my needs and ensure that I am going to get the same protection as someone who is trading for their entire group. I feel more comfortable with a product that has actually been designed to help out someone in my exact situation, rather than one that just happens to work for my needs.
Automation
The core of the Quantstamp system is intense and resource heavy automation. It takes a lot of computing power to run the program and it may even be too much for some systems to handle. However, it is better able to go over every single piece of code, running every possible scenario and catching problems that might not even be detected for years with normal methods. This automated process ensures that the protection they offer is absolute, with no room for errors.
The automation also allows a large array of tests to be undertaken. The process does take a while, longer than I was actually expecting, but less time than it would take a human to do the tests themselves. In the time it would take me to just check over my code, it checks it, tests it, verifies it, fixes any problems, and runs a new audit. The end result is code that is flawless and ready for real world deployment.
The Human Touch
Finally, they realize that humans are behind every single security breach. This means that humans are particularly good at finding problems, even with the strictest security protocol. Most than $80 million in security breaches happened in the last year, and each one was traceable back to a single human being.
Quantstamp has decided to provide real financial incentives to black and white hat hackers so that they will report problems. This has led to some of the best hackers in the world working under the Quantstamp umbrella, giving them the human touch in addition to their automated offerings.
The Price
Finally, their price is well below the industry standard and they have been giving away their coins from their main launch to people who want to get in on their initial coin offering. These coins, which will be traded directly for ETH, giving an extra layer of security to ETH based trades. They have limited the initial sales to $3 million, with the bonus for early adoption decreasing each week.
In the end, they are offering a great price for protection that most people who are working with cryptocurrencies could really use. They allow you to see actual proof of each and every audit, they allow you to run your own audits from their library, and they aren't storing information in a centralized manner that would invite problems. Their experience with real world problems has also led them to create a much better product than other companies could ever dream of creating.
I can't recommend them highly enough at this time and hope that they continue this dedication to security and peace of mind in the future.