RATE Group | Quantstamp Releases Blockchain Security Protocol on Ethereum Network
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Quantstamp Releases Blockchain Security Protocol on Ethereum Network

01 Sep Quantstamp Releases Blockchain Security Protocol on Ethereum Network

Posted at 01:58h in Ethereum News by

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“Less than a year since our crowdsale completed, we’re happy to be releasing our betanet protocol onto the Ethereum mainnet,” stated Richard Ma, CEO of Quantstamp. “By providing publicly verifiable audits on Ethereum, we’re helping improve the adoption of smart contract technology.”

The Innovation Achieved by the Quantstamp Protocol

With the betanet release, Quantstamp has built something novel. Having a publicly verifiable record that an audit took place is innovative and unprecedented. In the past, users had to trust that smart contract developers took all of the necessary security precautions rather than being able to independently verify this information. The lack of smart contract security transparency made it difficult to build trust with stakeholders of smart contract and scale smart contracts technology.

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