What is Quantstamp (QSP) crypto & why is its price rising?

February 04, 2022 06:32 PM AEDT | By Raza Naqvi

What is Quantstamp?

It is a protocol for blockchain security and provides end-to-end blockchain solutions to some of the world's largest enterprises. According to Quantstamp's website, it has performed over 200 audits and secured more than US$ 200 billion in value.

The protocol was created to increase the mainstream adoption of blockchain technology by offering its risk assessment services.

What Is Quantstamp (QSP) Crypto & Why Is Its Price Risin

Quantstamp provides securing Layer 1 blockchains like Binance Smart Chain and Ethereum 2.0. It also secures non-fungible tokens (NFTs) and Decentralized Finance (DeFi) applications powered by smart contracts.

Large companies like Toyota and Siemens and international NGO World Economic Forum use Quantstamp to secure their blockchain implementations.

Quantstamp crypto or QSP is the native token of this protocol, and it is an ERC-20 token. The QSP crypt can be used for verifying smart contracts on Quantstamp.

Also Read: Ice Poseidon 'crypto scam': All you need to know

Holders of Quantstamp crypto can use it to buy automated scans of smart contracts, and validators can earn the QSP crypto in exchange for providing decentralized security scans.

Bottom line

According to CoinGecko data, Quantstamp crypto surged about 165 per cent in the last seven days. On February 3, Coinbase, one of the world's largest cryptocurrency exchanges, announced that it would facilitate transfers for Quantstamp, Render Token, and Aventus.

Quantstamp crypto's total supply is 976.4 million tokens, and its current circulating supply is 713.8 million QSP tokens.

If you are a potential investor interested in buying Quantstamp crypto, you can explore cryptocurrency exchanges like Huobi Global, Uniswap V3, Binance, and Coinbase.

Also Read: What is Tectonic (TONIC) crypto? All you need to know

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