Quantstamp Community Update February 28, 2019

Quantstamp Announcements
January 11, 2019

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.

Betanet UI

We’re testing and developing a much-improved user interface for the Quantstamp Betanet Protocol. This new interface will have a streamlined user flow, and also provide more live statistics on node status and events.

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.

Crypto.com Audit

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.

ETHDenver

We had a great time this month at ETHDenver, where our CEO Richard Ma led team “Beacon Thugs and Harmony” at a 36 hour hackathon to work on the Beacon Chain — an essential component of the next version of Ethereum. Watch “Beacon Thugs and Harmony” pitch their ETH2.0 beacon chain simulation at the semifinals.

Besides the Beacon Chain, Quantstamp also audited the BuffiDAI token — the official cryptocurrency of ETHDenver.

BuffiDai Audit

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

Working for 36 hours straight, with very little sleep, our CEO Richard Ma led team “Beacon Thugs and Harmony” to create a simulation of the Beacon Chain, an essential component of the next version of Ethereum. The Beacon Chain is the coordination layer for Ethereum 2.0.

You can view our simulation at beacon-chain.com and see our team explaining what we built in this Youtube video. We’re proud to have been a part of building the next version of Ethereum.

Mobility Open Blockchain Initiative

We hosted MOBI, a blockchain initiative for autonomous driving and mobility, at our San Francisco headquarters. The initiative gathered many big players in the automotive and blockchain industries, such as BMW and R3. We discussed how to use blockchain and related technology to make mobility safer, greener, and more accessible.

Hyperledger Meetup at Quantstamp HQ

On February 25th, we hosted a meetup where Quantstamp CTO Steven Stewart discussed lessons that Quantstamp engineers learned while developing and auditing decentralized applications. Steven also discussed the results from our internal alpha-test of the Assurance Protocol, a new decentralized app we are researching. Watch the video on Youtube.

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.

Interested in working for us?

We are hiring for a variety of positions globally. Check out our careers page.

Still want to hear more?

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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.

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March 31, 2020

Quantstamp Joins MyID Alliance

Quantstamp is proud to join the MyID Alliance, a Digital ID initiative by ICONLOOP. As the world moves towards more online and less face-to-face interactions, Digital ID will be a key enabling technology. 

March 24, 2020

Market Dynamics of the 1st bZx Hack: Flash Loans and the Insolvent Loan

In this series, we describe the market dynamics of the 1st bZx attack so we can avoid attacks with market manipulation components in the future.

March 13, 2020

Top 3 DeFi Trends

This post discusses how flash loans, zaps, and DeFi aggregators are leveraging composability in order to simplify the user experience and ultimately make DeFi markets hyper-efficient.

March 11, 2020

Bringing Bitcoin to DeFi

DeFi is blockchain’s first killer app, with assets locked up approaching $1 billion USD. But one major asset is missing: Bitcoin. Bitcoin is not only the first crypto asset, but the largest - with over $168 billion USD of Bitcoin in circulation it has deep pools of liquidity. It is one of the least volatile cryptocurrencies and has a large network of fiat on and off ramps. All these properties make it a great crypto-collateral. We think Bitcoin has the potential to transform the DeFi landscape as the most widespread and liquid asset available today.