Categories: Ethereum

Quantstamp Releases Decentralized Security Protocol with Staking and Improved Transparency

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Quantstamp, a Y-Combinator backed blockchain security company, has just released the Quantstamp Security Network V2. This new release, available at protocol.quantstamp.com, features a decentralized design using staking, improved security analysis, has open-sourced code, and stores security reports completely on the blockchain for transparency.

Staking-based Network

Anyone can now run a node on the Quantstamp Security Network V2 and earn QSP tokens by staking and participating in the network. This greatly increases the decentralization of the network compared to the whitelisted nodes of V1.

Quantstamp Security Network V2 also removes the AWS dependencies of the previous version. Nodes can now interact with the Ethereum blockchain directly either using Infura or through their own Ethereum nodes.

Improved Vulnerability Analysis

Quantstamp Security Network V2 nodes now integrate both Mythril and Securify smart contract analyzers. Together, these two state-of-the-art analyzers allow the network to detect a wide range of common errors and vulnerabilities.

Trust-less Verification

Results of security scans are now stored directly on the blockchain, publicly viewable by anyone – even those who didn’t run the scan themselves. Before, users had to trust that developers took appropriate security measures when developing software. Now, users can independently verify that developers achieved a certain security standard.

Open-Sourced Code

The Quantstamp Security Network V2 code is now fully open-sourced, providing increased transparency. Anyone can now explore Quantstamp’s Github’s protocol and node repositories to check that the Protocol works as expected. As an open source project, the community is also welcome to contribute to the codebase in order to increase or improve functionality.

Live Statistics on the Network

Quantstamp Security Network V2 features a redesigned UI with live network statistics and a graphical tutorial. Live stats on node status, network events, scans, and more make it easy to see the status of the network.

The UI is also redesigned to be easy enough for non-developers to use. Anyone, from a developer wanting to check draft code for bugs, to a dApp user wanting to make sure the blockchain application they’re using is free from vulnerabilities can use Quanstamp Security Network V2 to easily perform smart contract security scans.

“Security is an overlooked part of blockchain technology. Because of the immutable nature of blockchains, it’s really important to get it right,” noted Richard Ma, CEO of Quantstamp. “With Quantstamp Security Network V2, we are making it easy for developers to integrate security checks as part of their development process. Since scan reports are stored on the blockchain, users of that dAapp can also independently check the security of a smart contract. “

About Quantstamp

Quantstamp is a Y blockchain security company developing automated security tools such as the Quantstamp protocol and also conducts expert smart contract audits. Powered by QSP, the Quantstamp protocol aims to enhance smart contract security and the reputation of projects that create smart contracts by producing openly accessible security reports.

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

cinerama

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