Security is very important in the crypto industry. This applies to both Nano & Bitcoin and smart contract platforms such as NEO and Cardano. And just for the latter, Quanstamp wants to mean something. Quantstamp has a currency (QSP) that is used as a reward for finding security risks in smart contract code. Security experts thus receive QSP for writing code that can detect security risks and leaks.
Richard Ma is a former software engineer at Tower Research, where he developed software that handled millions of dollars with safety tests. He was inspired to start Quantstamp after he had invested in the DAO and had experienced the aftermath himself. Richard wants to secure the future of blockchain technology through the Quantstamp protocol.
The team of founders consists of a group of eight experienced employees with work experience at, among others, Google, Microsoft, Amazon and Samsung. In addition, when Quantstamp was set up, an eight-person advisory group was connected to Quantstamp, including Facebook's Director of Engineering, Evan Cheng. Some prominent experts in the field of cryptocoins have also taken place in the advisory group. This gives Quantstamp insights from experts from different perspectives.
The QSP token has a total circulation of over 976 million.