$ 0.016 -0.61%
Quantstamp (QSP) Rank 1041
| Mkt.Cap | $ 16.03 M | Volume 24H | 3.51 MQSP |
| Market share | 0% | Total Supply | 976.44 MQSP |
| Proof type | N/A | Open | $ 0.02 |
| Low | $ 0.02 | High | $ 0.02 |
Quantstamp: Media Resources
If a validator node acts in away that is contrary to the protocol, by for example, attempting to forge an audit, or failing to report a bug in a smart contract, their staked QSP tokens will be slashed or deleted. Furthermore, the validation protocol discourages collusion between bad actors by requiring that a two-thirds consensus amongst validator nodes be achieved before the fees of an audited smart contract are released to the corresponding validating node.
Bounty Payout System
When someone submits their smart contract ot be reviewed, they set an amount of QSP as the bounty to be paid to the bug finder. The Quantstamp Network incentivizes verifiers (auditors) to operate honestly by requiring them to stake tokens as collateral before they can audit any contracts. If any nodes behave as bad actors by attempting to forge an audit, their stake is deleted as a penalty.
Partner shall be responsible for obtaining any rights for, or entering into any terms associated with use of, all third-party or open source components, libraries, data, or resources accessed by (directly or indirectly) or as needed to make Contributions and use the Licensed Materials, and including obtaining and granting any rights or licenses as may be needed for Quantstamp, in order to support and further the Purpose. Partner, on behalf of itself and its affiliates, hereby represents and warrants that it has all right, title and interest in such Contributions to permit, and Partner hereby grants to, Quantstamp the rights to use, copy, display, perform, modify, and make derivative works of the Contributions for incorporation into the Licensed Materials, Quantstamp’s business purposes or in support of the Purpose. Partner, on behalf of itself and its affiliates, hereby grants to Quantstamp, its affiliates, designees and all other licensees of the Licensed Materials, a non-exclusive, perpetual, irrevocable, worldwide, sublicensable, transferable, fully-paid, royalty-free license under any and all “essential patent claims” to make, use, sell, offer for sale, import, run, modify, propagate and otherwise exploit the Contributions or Licensed Materials.
Currently an ERC-20 token on the Ethereum chain, Quantstamp plans to be blockchain agnostic, capable of auditing smart contracts across any blockchain. Primarily, QSP tokens are rewarded to participants contributing to the network.
This code can be submitted directly from his wallet, along with QSP tokens. Depending on the security needs of Bob’s program, he can decide how much to pay for the code to be audited.
Any assignment in contravention of this provision will be null and void. These Participation Terms will be binding on all permitted assignees and successors in interest. Participants in the Alliance currently anticipate organizing one or more discussions on an ad hoc basis initially or on a periodic basis as further determined at a later time by Quantstamp. Discussions, content, and materials made available during such meetings shall be considered Licensed Materials, unless otherwise specified.
More information about Quantstamp
The Quantstamp protocol reports are JSON files that contain information about the analyzed contract and outputs of security analyzers such as Mythril and Oyente (other analyzers will be added in the future). Furthermore, the reports can contain duplicate vulnerabilities as they are detected by multiple analyzers. A successful developer of this bounty would improve the presentation of the Quantstamp protocol reports and/or make progress towards removing the vulnerability duplicates. Bug Finders – QSP tokens are rewarded to individuals as a bounty, in exchange for detecting any vulnerabilities in smart contract code.
However, it does not mention if contract users will have to use QSP tokens in order to access the audits. Validator nodes run checks on a smart contract using the Security Audit Engine. The engine takes a smart contract that has not been validated as an input, and performs automated security and vulnerability checks, and also produces the audit report. The time taken to run checks on a smart contract scales with the complexity of the smart contract code. As a result, validation rewards will be proportional to the amount of computing resources that is used by a validator node.
- Partner, on behalf of itself and its affiliates, hereby grants to Quantstamp, its affiliates, designees and all other licensees of the Licensed Materials, a non-exclusive, perpetual, irrevocable, worldwide, sublicensable, transferable, fully-paid, royalty-free license under any and all “essential patent claims” to make, use, sell, offer for sale, import, run, modify, propagate and otherwise exploit the Contributions or Licensed Materials.
- The more approvals the proposed upgrade receives, the quicker it can be implemented.
- Just like any other piece of code, smart contracts come with vulnerabilities and exploits that can be detrimental to the decentralized ecosystem.
- Write Contract allows you to interact with the Smart Contract after connecting to a web3 wallet.
Partner, on behalf of itself and its affiliates, agrees that Quantstamp (and its licensors and designees, where applicable) retains all intellectual property rights in and relating to the Licensed Materials, or in any suggestions, ideas, enhancement requests, feedback, recommendations or other information provided to Quantstamp by Partner or any third party relating to the Licensed Materials, which rights therein Partner hereby assigns to Quantstamp. These Participation Terms are not a sale and do not convey to Partner or its affiliates any rights of ownership in or related to the Licensed Materials, or any other intellectual property rights. For avoidance of doubt, these Participation Terms do not convey to Partner or its affiliates any rights to publicity with respect to the Licensed Materials or any trademarks, logos, or service names of Quantstamp. The Quantstamp Protocol aims to improve the security of smart contracts by running a verification of Solidity programs and placing bounties on smart contract errors. The Quantstamp Protocol issued the QSP ERC20 tokens on the Ethereum blockchain as an incentive reward token to improve the security of the smart contracts in the Ethereum blockchain.
Without limiting the foregoing, Partner warrants and represents that it is not named on any U.S. government list of persons or entities prohibited from receiving exports, and Partner shall not use, export or re-export the Licensed Materials in violation of any U.S. export embargo, prohibition or restriction. Partner may not assign or transfer these Participation Terms, in whole or in part, without Quantstamp’s prior written consent.
Blockchain security firm Quantstamp open sources its bounty protocol. “By open-sourcing our code,...
Security audits from the Quantstamp protocol can be requested via web UI provided on betanet.quantstamp.com or via direct interaction with the smart contracts. To simplify the usage and encourage the practice of analyzing smart contracts for security vulnerabilities, the Quantstamp protocol could be integrated directly into the development tools such as Github CI, Truffle, Embark, Remix IDE, and others. Developing and improving a web interface for submitting smart contracts to the protocol would be also considered valuable. A successful developer of this bounty will develop plugins that will enable developers to trigger a security audit directly from the dev tool, or develop a better web interface. A successful developer of this bounty will develop plugins that will enable developers to trigger a security audit directly from such dev tools.
QSP Exchanges
Security audits from the Quantstamp protocol can be requested via the web UI provided on betanet.quantstamp.com or via direct interaction with the smart contracts. The current web UI has many limitations and can be improved significantly. For example, a user cannot check the status or results of past audits, a user has to approve QSP (minimum 1000) even if he or she has done so in the past and has not spent it, and a user cannot refresh the page at any point during the process even though it may seem like the site is hanging. A successful developer of this bounty will build a more user friendly and resilient web UI that resolves the aforementioned issues. Bob, a developer, can choose to submit his smart contract code for a security audit on the Quantstamp protocol.
The problem that the Quantstamp protocol is attempting to solve is critical to ensure the future development of the cryptocurrency space. There are increasing instances of hackers exploiting bugged codes and pilfering funds. Although Quantstamp does not claim to produce 100% secure smart contracts, they are taking the first, and most important step in ensuring that smart contract code is as secure as possible.
If a two-thirds consensus amongst nodes is not achieved, then the auditing fees are not paid out. On a final note, individuals operating validator nodes need only provide computing resources, and do not need any prior security knowledge to run checks on a smart contract. Quantstamp is a smart contract security-auditing protocol that is designed to produce an ecosystem of secure smart contracts in a scalable and cost-effective manner.
It is also important to note that the Security Audit Engine will update as new versions of the engine are released. This encourages developers to revalidate their smart contracts using the most up-to-date version of the engine, ensuring that their code is not susceptible to any newly discovered vulnerabilities. Except as set forth in this Section 8, neither party may use the other party’s name or marks in any advertising, written sales promotion, press releases, website and/or other publicity matters without the other party’s prior written consent. Once approved, either party may re-use, re-publish, or otherwise disseminate any previously-approved statement or content for publicity in any other forum, medium, or channel.
