On August 1st, Quantstamp will begin our Meme Competition. Subject to eligibility, the winner of the Meme Competition will receive a Nintendo Switch Console, Mario Kart 8 (game for the Nintendo Switch), a Ledger Nano X, and a copy of our book, Fundamentals of Smart Contract Security!

Quantstamp Security Network growth, securing Binance’s first stablecoin, auditing Klaytn, Congressional Blockchain Education Day - it’s been an exciting month at Quantstamp. Here's what's been going on:

Quantstamp, a Y Combinator-backed blockchain security company, recently completed the audit of leading global cryptocurrency exchange Binance’s GBP-backed stablecoin, Binance GBP (BGBP). The BGBP token joins other stablecoins in the market including Coinbase’s USDC, Facebook’s Libra, MakerDAO’s Dai, and Bitfinex’s Tether, and is one of the first major stablecoins to be pegged to the British pound.

Quantstamp recently completed an audit of Ampleforth, a digital-asset-protocol for smart commodity-money and the first IEO on Tokinex (Ethfinex/Bitfinex IEO platform).

This post will explain the economics behind how the Quantstamp Security Network currently is designed so we can understand how node operators can earn QSP and how much smart contract scans cost for users. The two major influences to the economics of the Quantstamp Security Network are the price floor, and supply and demand.

Quantstamp, a Y Combinator-backed blockchain security company, has completed its audit of smart contracts for Klaytn, the blockchain platform created by Kakao, the operator of South Korea’s dominant messaging platform KakaoTalk. Built by GroundX, a Kakao subsidiary, Klaytn is a business-centric blockchain platform designed for mass adoption.