Quantstamp let's smart contract code be audited for security vulnerabilities and for effective bug bounties to be set up.

You are probably aware of recent hacks or hacking attempts happened, such as the DAO hack ($50 million) and the recent theft of ether due to a bug in Parity’s multi-sig wallet ($30 million), as well as the CoinDash/Enigma hacks ($7M and $500k). These all happened because of poorly developed and audited code, what is then reused by other inexperienced smart contract developers.

This is where Quantstamp team comes into the picture!

The team consists of experts in the security field from companies ranging from Google, Amazon, Tower Research, Experian and the Canadian cryptologic national agency.
With the help of automation, AI, formal verification and static analysis techniques they will be able to improve the security of the whole ecosystem and fill the smart contract knowledge gap!

They will setup the Auditing network:

• Quantstamp is a specialized network that connects developers, investors and users around a transparent and scalable proof-of-audit.
• The network acts as a critical piece of transparency by enabling automated checks on smart contract vulnerabilities and automatically rewarding verifiers who identify bugs.
• Quantstamp tokens allow the platform to operate in a scalable and fully decentralized fashion, delivering computation fees to verifier nodes, and bounties for locating vulnerabilities.

Check their roadmap:

Learn more about Quantstamp:

• Check their Official website
• Follow them on Twitter
• Join the community on Telegram
• Read their awesome Whitepaper