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Quantstamp Enhances Security of ETHDenver’s Ephemeral Economy

Quantstamp Announcements
November 20, 2018

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.

March 22, 2019

Smart Contract Security Alliance Adds Fujitsu R&D Center to Its Membership

The Smart Contract Security Alliance, a collaboration of industry leaders that recommend security standards and guidelines for the blockchain industry, adds Fujitsu R&D Center Co., Ltd. to its membership. Fujitsu R&D Center, a China-based Fujitsu group company, is the first research and development institution with independent legal status in China. Established in 1935, Fujitsu Limited is Japan’s top IT services provider, and is also a leader in the development of Hyperledger.

March 22, 2019

Quantstamp Auditing Blockchain-based Social Crowdfunding Platform Financie

We’re pleased to announce that we are performing a security audit of Financie, a blockchain-based social crowdfunding platform developed by Financie, Inc. Financie is a Distributed Application which allows for new forms of interaction between people wishing to raise funds, such as eSports players, video streamers, artists, or individuals with a dream they want to realize, and their fans or supporters.

February 27, 2019

Quantstamp Expands to Japan with Investment from Nomura Holdings and Digital Garage

Quantstamp, a Y Combinator-backed smart contract security company, is proud to announce it is establishing a limited liability company, Quantstamp Japan GK, to assist Japanese startups and enterprises in using secure blockchain technology.

January 11, 2019

Quantstamp Community Update February 28, 2019

Protocol progress, auditing Crypto.com, ETHDenver — it’s been an exciting month at Quantstamp. Here’s what’s been going on: