QUANTSTAMP is a security audit protocol designed to identify weaknesses in Ethereum Smart Contracts. While QUANTSTAMP is currently focused on Ethereum smart contracts, it hopes to extend its scope to other platforms in the future. QUANTSTAMP is designed to automatically audit smart contracts, which means it has the potential to help other crypto-companies like Ethereum strengthen their product.
Those who hold QSP tokens have utility in governance control. This means that QUANTSTAMP’s Proof of Caring rewards system deposits additional coins to users. These coins however, are allocated based upon a user’s Proof of Caring score which is calculated based on an individual’s contribution to the blockchain community.