Quantstamp is a participant in the realm of blockchain security, providing expert security audits and blockchain solutions. It utilizes an ERC-20 token, QSP, for verifying smart contracts on its decentralized QSP Security Protocol. Users can acquire automated scans of smart contracts with QSP, and validators may receive QSP as compensation for contributing to decentralized security scans on the network. Quantstamp aims to enhance the security of the decentralized internet, and it has protected a substantial amount in digital asset risk from hackers. It has collaborated with numerous startups, foundations, and enterprises to ensure the safety of their innovative products.

Quantstamp operates by providing security audits for web3 applications. It conducts smart contract, off-chain, networking, and front-end audits to enhance the security of decentralized applications. It is blockchain agnostic, meaning it can audit client systems on various blockchain platforms. Quantstamp also has a product called DeFi Protection, which checks the safety of smart contracts, alerts users to any threats, and provides continuous support from security auditors. If there is a gap in Quantstamp’s security services that results in losses, DeFi Protection customers are compensated.

Quantstamp aims to provide a layer of security for the decentralized internet. Its primary use case is in the auditing of smart contracts, off-chain, networking, and front-end components of decentralized applications. It also has a product called DeFi Protection, which provides real-time security and risk prevention for blockchain-based businesses. This service includes continuous monitoring of on-chain activity, vulnerabilities detection, and incident response. It is designed to help projects manage potential threats and give users peace of mind while protecting their funds.

Quantstamp was founded in 2017 with the aim to enhance the security of the decentralized internet. Since its inception, it has conducted numerous audits and protected a substantial amount in digital asset risk from hackers. It has collaborated with a variety of startups, foundations, and enterprises to ensure the safety of their innovative products. Over the years, Quantstamp has collaborated with many projects in the web3 space, including Ethereum 2.0 (Prysmatic Labs Client), MakerDAO, Chainlink, eToro, and the World Economic Forum.