I. Project Introduction
Quantstamp is the first scalable security auditing protocol designed to find vulnerabilities in Ethereum smart contracts. The Quantstamp protocol addresses the security of smart contracts by creating a scalable and cost-effective system to audit all smart contracts on the Ethereum network. Over time, and with many security concerns, Quantstamp hopes that every Ethereum smart contract can use the Quantstamp protocol to perform security audits.
The Quantstamp protocol relies on a distributed network of participants to mitigate the influence of bad actors, thereby creating enough computing power to govern the network. Each participant will use Quantstamp Protocol Tokens (QSP) to pay, receive or improve services.
Second, project application
1. The creator of the smart contract creates a contract (the creator must have a certain amount of QSP coins to reward subsequent participation in the smart contract By).
2. Contributors submit some codes about the reliability and security of this smart contract (get a certain amount of QSP coins).
3. Validators (miners) provide computing power and run Quantstamp's validating nodes (obtain a certain amount of QSP coins).
4. The bug finder submits bugs and terminates the smart contract (obtains QSB coins).
5. Contract users, use the result of security audit - contract.
6. Voters, the voting mechanism based on the QSP token is the core of governance.
III. Project Highlights
Quantstamp is a decentralized intelligent automated security auditing platform, dedicated to auditing smart contract code with higher automation to achieve higher security flexibility, shorter review cycles and lower costs.
①Automated and scalable verification software system for Solidity programming language (Ethereum smart contract language).
②Automated bounty payment system to reward the discoverers of bugs in smart contracts.
The unique positioning of QuantStamp is that it combines automatic operation and manual operation at the same time, and the expandable space is greatly improved.
①The protocol allows end users to directly submit programs for verification, and the audit results will not be manipulated;
②Use the verification and proof of smart contracts as Ethereum verification nodes part of the software to incentivize miners.
In the future, QuantStamp plans to partner with third parties to provide smart contract insurance to further reduce the risk of using smart contracts.
Manually passing open source code review and unit testing is not enough to meet the needs of blockchain technology.
To minimize risk, developers submit their own code for security audit directly from the wallet, via the Quantstamp Ethereum smart contract, enter the source code in the data field, and send QSP tokens.
The Quantstamp protocol provides this simple interface, a more streamlined process for validating smart contracts, minimizing the chance of bugs, while also helping by proving on the blockchain that they have performed audits Protect the reputation of developers.
