Who created Quantstamp?
Quantstamp is the brainchild of Steven Stewart & Richard Ma. Both of them are software engineers with extensive experience in security software. The company leadership is comprised of about a dozen experts in their respective fields with PhDs and ample experience in working with security audits for informatic ecosystems.
Quantstamp has grown nicely over the short time since its launch in April 2019, and it has been hailed as the Verisign of blockchains. The company currently has offices in San Francisco, Toronto, Taipei, and Tokyo, giving it quick access to the largest current crypto markets. As cryptocurrency penetration grows, one could expect Quantstamp to keep expanding its operations to cover newer markets.
What are the pros and cons of Quantstamp?
Quantstamp is one of those cryptocurrencies that seem to have more pros than cons. It performs a necessary service, leading a market that’s only likely to grow as cryptocurrencies keep gaining a foothold in the global economy. This makes Quantstamp one of the best blockchain projects out there, even if it isn’t one of the most traded or sought-after cryptocurrencies.
That said, Quantstamp faced a huge public backlash recently over what some consider to be a transparency problem with the company and its activities. In late 2018, proof surfaced that the company had accepted payment for its services in USD and Ether, shaking the trust of many of its token holders.
The logic behind this trust issue was that if the company accepts payments in currencies other than QSP, then QSP as a cryptocurrency is unnecessary since its inventors have no faith in its stability as a measure of value. This point of view can be thought of as short-sighted – after all, Bitcoin is immensely valuable even when most people cannot properly articulate its uses.
The future of Quantstamp
It’s almost impossible to think of a world where companies like Quantstamp don’t thrive. Security and system audits are already a hot commodity in the IT sector – and when smart contracts become commonplace, the demand for QSP will also grow.
Unless a mass exodus of users from the ETH network, poor corporate practices or some scandal takes place, Quanstamp should be around for the long run as the company’s target market is sure to grow by the day.
QSP should still be able to maintain a fair market valuation and, if things go well, post a good ROI as it marches into the future.