Quantstamp Audits Ampleforth, a Digital-Asset-Protocol for Smart Commodity-Money

Quantstamp Announcements
July 23, 2019

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). 

Founded with a mission to create fair, politically independent money, the Ampleforth protocol receives exchange-rate information from trusted oracles, and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds. Quantstamp will serve as a trusted data feed provider for Ampleforth’s price oracle.

“Being audited by Quanstamp was important to us,” said Ampleforth CTO Brandon Iles. “They hold their clients and themselves to the highest security standards. We know that identifying any risks and vulnerabilities is critical to mitigating the risk of any future hacks.”

Commodity-monies such as gold and silver are naturally fair and independent; however, they are inadequate substitute for central-bank-money as they cannot respond efficiently to fluctuations in demand. To tackle this challenge, Ampleforth’s protocol allows its units (Amples) to avoid the deflationary problems of fixed-supply commodities without requiring a central authority. As the price of Amples fluctuates, the number of Amples a trader holds adjusts to meet the price target, stabilizing the asset.

Quantstamp’s objective was to evaluate the repository for security-related issues, code quality, and adherence to specification and best practices. The audit was conducted by three experienced security engineers from Quantstamp’s auditing team and involved architecture review, unit testing, functional testing, computer-aided verification and manual review. In the end, there were no significant security vulnerabilities found during the audit. The full report is publicly available.

Following the launch of Security Network V2, Ampleforth will be running a Quantstamp node, helping contribute to the reliability and decentralization of the network.

August 21, 2019

EthBerlin Security HelpDesk Details, Security Award & Hosted Points Bonus from Quantstamp + MythX

Quantstamp and MythX are very excited to support EthBerlin this year. If you're participating, come find us at the HelpDesk, your one-stop resource for any security-related inquiries. Need suggestions on more secure code implementations or advice on mitigating certain vulnerabilities? The HelpDesk is available round the clock to offer guidance and assistance throughout the hackathon.

August 13, 2019

Open Sourcing Our Bounty Protocol

We are open sourcing the code for our Bounty Protocol. A bounty protocol is a marketplace for developers to identify bugs in smart contracts that automation cannot detect. The Bounty Protocol has the potential to leverage software engineering talent from around the world to add an essential layer of infrastructure for blockchain security.

July 31, 2019

Join Our Meme Competition

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!

July 30, 2019

Quantstamp Community Update July 2019

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: