Quantstamp Enhances Security of ETHDenver’s Ephemeral Economy

Quantstamp Announcements
July 23, 2019

Quantstamp, a blockchain security company, assisted MakerDAO, Austin Griffith, and Brian Ethier in auditing the buffiDai token which will be used at ETHDenver 2019. BuffiDai is a proof-of-concept cryptocurrency that is designed to act as a localcoin which will drive the ETHDenver economy, create a frictionless user experience for attendants, and serve as an experiment meant to improve future implementations. ETHDenver is a hackathon taking place from February 15–17th in Denver, Colorado that incentivizes the Ethereum developer community to share knowledge and continue building towards a decentralized future.

Quantstamp is grateful to help launch this initiative and looks forward to continuing to secure the underlying buffiDAI smart contracts as the project develops.

“Here at Quantstamp, our mission is to advance the mainstream adoption of smart contracts and blockchain applications by providing state-of-the-art security services,” says Quantstamp CEO Richard Ma. “We are thrilled to enhance the security of ETHDenver’s economy by contributing to the pop-up economy experiment.”

Quantstamp is a blockchain security company that develops decentralized and QSP - fueled security protocols, audits blockchain applications, and provides services to projects and enterprise clients. Blockchain companies trust Quantstamp to audit essential community projects such as OmiseGO’s Plasma MVP and Chainlink’s oracle network.

Enhancing user experience and facilitating an ephemeral economy

The buffiDai project is unique in that it enables an ephemeral economy, a transitional economy that only exists for the duration of ETHDenver. By selling food, swag, drinks, NFTs, and other goods exclusively in buffiDai, ETHDenver’s organizers aim to invigorate the event’s economy and enhance the social experience of attendants by incentivizing them to spend and trade buffiDai inside the event.

This is the bufficorn, ETHDenver’s mascot

Another key motivation for developing buffiDai is to enhance the ease of use of cryptocurrency technology. An emerging narrative in the cryptocurrency space is that the lack of user-friendliness is a barrier to user adoption. In order to develop user-friendly crypto solutions, buffiDai intends to create a frictionless onramp and onboarding experience for users.

BuffiDAI was produced in collaboration with Austin Griffith, Brian Ethier, POA Network, Solidcoin,SendWyre, Quantstamp, and ETHDenver, coordinated through the MakerDAOCommunity Grants Program.

“At ETHDenver, we plan to help people go from crypto-curious to active participant in an ephemeral economy in seconds with zero friction,” says Richard Brown, Head of Community Development at MakerDAO. “We chose Quantstamp because we know they hold themselves and their peers to the highest security standards. We look forward to engaging with them again on future projects.”

If you are interested in attending this year’s ETHDenver event, please visit their websitefor more details.

If you are interested in seeking an audit from Quantstamp, please visit our websitefor more details.

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: