Quantstamp (QSP) Price, Charts & Market Data

Quantstamp's primary role is to conduct rigorous security audits on smart contracts. This service is critical in the blockchain ecosystem, as it ensures the functionality and safety of these contracts, preventing potential exploits. The process involves both automated checks and expert manual reviews, aiming to pinpoint and rectify any security vulnerabilities. This thorough auditing process safeguards the integrity of decentralized applications (dApps) and instills confidence in their users and developers.

Token Utility

Within Quantstamp's ecosystem, the QSP token serves dual purposes. It is the primary currency for compensating auditing services and also acts as a reward mechanism for network participants who contribute to the security processes. Understanding the dynamics of QSP token usage provides insight into the economic model driving Quantstamp's platform.