Quantstamp price is $0.00565795
As of today, Quantstamp's (QSP) current price is $ 0.00565795. Over the past 24 hours, its price has increased by +11.63%.
Quantstamp is a security-auditing protocol for smart contracts designed to ensure the security and reliability of decentralized apps (DApps) and smart contracts. Despite the proven security of Ethereum, the platform on which many DApps run, the apps and smart contracts themselves may still contain bugs. These vulnerabilities can cause serious issues, leading to major losses and undermining the credibility of the ecosystem.
Quantstamp enhances the security of smart contracts through automated software testing and implementing a system of bug bounties. Initially focusing on Ethereum, the Quantstamp team plans to develop the protocol to be compatible with any DApp platform in the future.
Although the basic information provided does not specify the founders or team behind Quantstamp, it's clear that it's the result of concerted efforts by a team of developers and security experts looking to maximize the security of DApps and smart contracts.
Quantstamp works by providing a scalable and cost-effective solution to audit smart contracts. It does this through automated software testing to identify and rectify potential bugs. Additionally, it encourages the discovery of more bugs through a system of bug bounties, rewarding individuals for identifying and reporting vulnerabilities.
Quantstamp is unique for its novel approach to improving the security of DApps and smart contracts. By using automated software testing and a system of bug bounties, it encourages both prevention and accountability in detecting and fixing security issues. This security protocol is particularly crucial in an industry where bugs have previously resulted in the theft of millions, thereby contributing to enhancing the legitimacy of blockchain projects.
Currently, the circulating supply of QSP is 713.8M, and the total supply is 976.4M. It holds a market cap rank of #1938 with a total market cap of $ 4.0M.
Quantstamp (QSP) can currently be purchased on the following exchanges: GoPax, CoinEx, Coinbase Pro, Huobi.pro. It's important to do thorough research and consider various factors before making a decision in which exchange to use. Additionally, ensure that you're taking all the necessary security measures to safeguard your assets.
Quantstamp had a successful ICO in November 2017, raising over $30 million. The team distributed 65% of the 1 billion total QSP supply to ICO participants at a value of $0.072 per token. After usual post-ICO volatility, QSP price stabilized around $0.10 and reached an all-time high of $0.82 before stabilizing to its current price.
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