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Highlights
- Quantstamp (QSP) is a blockchain security audit firm aimed to secure the decentralized internet from hackers.
- Ethereum 2.0, Binance, Chainlink, OpenSea, Beeple B.20, and the World Economic Forum are a few names that choose Quantstamp to secure their blockchain applications.
- The QSP token current market capitalization is US$5.2 million.
As the digital space grows and evolves, cybersecurity is no longer a luxury but has become essential. In the case of blockchain technology, the digital space is still evolving with blockchain-based new products, services, and implementation. The imminent worry some part of this evolution is hacking.
So, to protect the blockchain’s decentralized space from hackers is what Quantstamp is focused on. Ethereum 2.0, Binance, Chainlink, eToro, OpenSea, Beeple B.20, MakerDAO, and the World Economic Forum are a few names that choose Quantstamp for securing their blockchain applications.
But why is it gaining traction? Quantstamp (QSP) token price surged 61.20% to US$0.07595 at 7:10 am, ET, Thursday. Meanwhile, the volume rose 7233.78% to US$51.5 million in 24 hours.
Quantstamp could have gained traction due to the announcement of participating in the virtual job fair on March 31, 2:00 to 4:00 pm EDT. QuantStamp and various other organizations are participating in this virtual job fair to hire people for Ethereum and Web3 positions.
Also Read: Why is Cronos (CRO) crypto rising?
Intending to secure the decentralized internet, QuantStamp has performed more than 200 audits till now and secured over US$200 billion in digital assets from hackers.
Recently it has completed an audit of ArthSwap, a one-stop Defi protocol aiming to become a leading DEX on Astar Network.
Also Read: Why is Ribbon Finance (RBN) crypto drawing attention?
Data Source: coinmarketcap.com
Also Read: Why is AltSwitch (ALTS) crypto rising?
QSP token details:
QSP is the ERC-20 token of QuantStamp. It is used for verifying smart contracts on QSP Security Protocol.
Here, Users can buy the automated scans of QSP smart contracts, and validators can earn QSP for providing decentralized security scans on the network.
Quantstamp’s current market capitalization is US$54,210,928. Out of the total supply of 976.44 million QSPs, the circulating supply is 713.8 million QSPs.
Also Read: Why is OriginTrail (TRAC) crypto rising?
Coinbase Exchange, Binance, Huobi Global, Gate.io, and Uniswap (V3) are the crypto exchange for buying, selling, and trading Quantstamp tokens.
Also Read: Why Loopring (LRC) crypto skyrocketed over 40% today?
Bottom line:
The Crypto market is volatile, and amid several scams and hacking events, it is crucial for investors to be careful and exercise due diligence before taking exposure to the digital currencies.
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