Börse Express – Quantstamp announces Blockchain security protocol for the Ethereum network

SAN FRANCISCO, April 17 / PRNewswire / – We are pleased to announce that the Betanet protocol from Quantstamp is now live on the core network of Ethereum.

Users can now send audit questions directly to the Beta version of the Quantstamp protocol via a portal on our website. Completed audits are published together with a unique hash as a report, so that a verifiable registration of the audit can be made publicly available.

"Less than a year after our crowdsale graduation, we are looking forward to the release of our Betanet protocol for the core network of Ethereum," said Richard Ma, CEO of Quantstamp. "By offering publicly verifiable audits in Ethereum, we are also helping to implement smart contract technology."

The innovation that the Quantstamp protocol entails

With the Betanet release, Quantstamp has produced something new. The provision of publicly verifiable audit records is innovative and new. In the past, users had to be confident that smart contract developers would take all necessary security measures, but could not independently verify this information. The lack of smart contract security made it difficult to build trust with smart contract stakeholders and scale smart contract technology.

Quantstamp Public questions in the Ethereum home network

The Betanet Protocol Portal on the Quantstamp website will forward your audit questions to the Quantstamp Smart Contracts on the Ethereum Main Network.

To initiate an audit, users can authorize a QSP transfer with Metamask via betanet.quantstamp.com. The quantstamp protocol stores this QSP as a certificate until the audit is successfully completed. Once the transfer is approved, users send their smart contract code to the Quantstamp portal. Network nodes (nodes) approved by Quantstamp are then notified of the verification request and one of these nodes performs the check. This transaction registers two things in Ethereum's main network: the hash of your audit report and the URL where your audit report is located. This audit trail is now stored on the blockchain forever.

With familiar nodes to improve the sampling protocol for quantum sampling

The Betanet release is only authorized by trusted organizations to use the Quantstamp Auditing Nodes. Quantstamp is committed to including a list of reliable and reputable research organizations and industry partners who share the vision to disseminate the Smart Contract concept. Node operators help monitor the performance of our network nodes and the performance of the Quantstamp protocol. Nodes were already added to the whitelist during the development phase, so that both the network node software and the protocol could be tested and perfected prior to their actual operation.

Node operators must be included in the whitelist, but anyone can purchase publicly verifiable audits from the Quantstamp protocol.

Node operators on the white list will work closely with Quantstamp to:

* debug the network node software,

* Improve smart contracts,

* more information about check prices, and

* Develop incentive structures that motivate node operators to be reliable.

future vision

Quantstamp is working on creating large, decentralized products to further expand the Smart Contract concept. With the Betanet release, Quantstamp has now come a step closer to improving the security standards for smart contracts, making Blockchain a technology that is widely used in regular applications.

About Quantstamp

Quantstamp is a Y-combinator supported company that strives to become the gold standard in smart contract security. With a team of security auditing experts committed to fighting black sheep, Quantstamp clears the way for more safety and reliability in the field of smart contracts. Quantstamp is committed to smart innovation of contract contracts worldwide, with offices in San Francisco, New York City, Toronto and Tokyo. More information about our work can be found at quantstamp.com.

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