Quantstamp Protocol Progress
Creating a fully decentralized Quantstamp Security Protocol is why Quantstamp was started, so improving it is a fundamental mission for us. This month we made progress on the next version of the Quantstamp Protocol: we created an enhanced UI, and are open-sourcing our documentation and code in the spirit of decentralization. In addition, we did extensive internal alpha-testing of Quantstamp Assurance, our post-deployment security project.
Open sourcing the protocol
Besides working to improve the protocol, we are also working to open access to it. Currently, we are refactoring our code and documenting it in preparation for this step. Open sourcing our protocol code is a whitepaper goal, provides transparency for users of the Quantstamp Protocol, and is a key component of decentralizing the protocol.
In February, we completed our audit of the Crypto.com Chain. Crypto.com is the team behind the MCO Visa Card, a prepaid Visa card that allows users to spend cryptocurrencies easily and receive rewards. They recently announced the Crypto.com Chain, a public blockchain focused on facilitating mobile crypto payments. As described by Crypto.com, it allows for fast settlement and provides rewards for merchants and consumers who use it for transactions.
We were happy to audit the Crypto.com Chain smart contracts and help them in their mission of faster, easier online payments with lower fees. Auditing the Crypto.com Chain continues Quantstamp’s track record of helping secure projects aiming to improve mainstream adoption of cryptocurrencies and blockchain technology.
Besides the Beacon Chain, Quantstamp also audited the BuffiDAI token — the official cryptocurrency of ETHDenver.
The team was excited to audit ETHDenver’s local cryptocurrency, BuffiDAI. BuffiDAI is tied to the value of the DAI, a stablecoin created by MakerDAO. It was used successfully at ETHDenver to create a frictionless payment experience for attendees to purchase local products and services.
See it in action in this video, where our Community Manager Jared Harrill buys a sushi bowl at a food truck using BuffiDAI. Compared to using cash or credit cards, the transaction is much smoother. The chef never needs to stop what he’s doing to manage the payment, and he receives instant notification when the transaction goes through.
Beacon Chain Hackathon
Mobility Open Blockchain Initiative
Hyperledger Meetup at Quantstamp HQ
Following Steven’s presentation, Arnaud Le Hors, a Senior Technical Staff Member of Web & Blockchain Open Technologies at IBM, gave the audience an update on Hyperledger Fabric.
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Note: This update includes information and forward-looking statements about upcoming events and concepts under continuing development. Schedules, features, and functionality are subject to change or cancellation at any time and you are not to place undue reliance on this information or any forward-looking statements.