Review on Quantstamp by Eve Vallenilla

One of the most renowned achievements of blockchain technology is undoubtedly its ability to create smart contracts for multiple purposes and utilities in different fields and sectors of industry and the real world.

Smart contracts have the property of being widely versatile, but they are still vulnerable to malicious manipulation by third parties.

To reduce this risk, the founders of the Quantstamp platform designed this tool that serves as a filter and control mechanism, to avoid the invasion of the security of the internal infrastructure of the contracts issued under the use of the potential of blockchain.

Quantstamp uses a set of strategies to carry out the automated analysis of smart contracts, even using audit resources, which include: various types of evaluations such as static evaluation, concolic evaluation, among others, and reasoning techniques such as SAT and SMT in a manner automated.

How does the Quantstamp platform operate?

To audit or analyze a smart contract, the user must send the native QSP currency together with the smart contract to the Quantstamp network. In this process, the automated mechanism of the network performs the validation of the contract and proceeds to make a report with the results of the analysis, which the user decides whether to keep it private or publicly display it.

How do you reward yourself in this network?

Smart contract testers are rewarded for detecting flaws in the audit process of the submitted contract.

If no failure is determined in the evaluation, the reward is reimbursed to the user or customer.

The evaluation of the contracts is carried out in conjunction with Quantstamp's automated system and the resources provided by network collaborators, who are rewarded for their contribution to the platform.