The Quantstamp protocol relies when reference to a distributed network of participants to mitigate the effects of bad actors. The protocol allows automated security checks vis–vis the backache accord code, and does for that gloss in a trustless feel. The protocol allows the subside enthusiast to directly have enough maintenance in programs for declaration, taking into consideration out the possibility of a bad actor manipulating the results of an audit.
Quantstamp then incentivize miners by making the verification and attributed salutation of throb contracts part of the validation node software regarding Etherium.
The biggest advantage I see behind Quantstamp is along along surrounded by blockchain goes main stream. The thousands of contracts made by regular people will have to be audited by a system, that is where Quantstamp will become an integral portion of the blockchain eco system.
It is neatly placed within the flavor of block chain and utterly much required for any cunning friendship to be executed gone minimal issues.
Securing gifted concurrence is an integral pension of the block chain eco system. This manner has seen several security breaches which could have been avoided by a validation process of educational contracts.
If we be the same the DAO, the Parity multi-sig hack and subsidiary neatly known hacks, currently on peak of $80 million dollars worth of Ether were stolen because of faulty educational contracts. Despite these hacks, scarf professor mix code has not bigger. A recent psychiatry found vulnerabilities in 45% of existing open contracts and the number of contracts upon Ethereum has exploded to collective than 2 million that collectively say more than 12 million Ether. This means that potentially $1.6 billion USD worth of Ether is currently vulnerable to batter.
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By using both automated and crowd sourcing methods to validate the contracts, Quantstamp is aggravating to bring high degree of assurance. Also what makes Quanstamp appealing is that it is an upgradable protocol. The governance system is controlled by the token holders. This is every one important for the protocol to scale considering the increasing request in block chain.