Quantstamp (QSP) Coin Price Prediction for 2025

Sometimes it happens that when we review a project, we immediately grasp its concept, but most importantly, we understand why it was created. But, today is not the day, because we will analyze the Quantstamp project, which is essentially very complex.

What is Quantstamp?

Quantstamp was originally a protocol for secure Ethereum exchange, with many auxiliary functions. There is a very simple but significant problem in the Ethereum network, i.e. a poorly written smart contract code can lead to big financial problems. Therefore, there is a clear need for an affordable, but at the same time, high-quality audit of the program code. This requires a human resource, experts in the field of security auditing. But this is a very expensive resource, but at the same time it is not devoid of errors as no one canceled the human factor. Also, if we are talking about one audit company, no one can guarantee that there are no people inside the company who can deliberately spoil or partially hide the results of the audit. The crypto world is built on the principle of zero trust, so the option with a centralized company that audits program code will not work here. Thus, we come to the idea of the Quantstamp project which means to create a distributed system that relies on consensus among many participants in this system, and also uses automatic analysis applying static code analyzers.

The blockchain platform operates on an algorithm similar to Proof-of-work, but the participants’ equipment acts as validators. All validators nodes in the network are able to certify a digital contract by providing evidence of the audit function value. For this work, each validation node receives its own QSP reward. The security verification methods used by the system participants are based on various analytical tests and static analysis. Automatic reasoning tools such as SAT and SMT are also used. The software for checking smart contracts is constantly being updated. Since contract checking involves auditing every line of code and testing every potential scenario, the system uses very high computing power. Quantstamp (QSP) Price Analysis

Quantstamp successfully completed its ICO in November 2017, in the result of which the project collected a little over 30 million. The team sold 650 million (65%) QSP coins. In total, almost a billion of them were released.

During the ICO, the token was sold at 0.072. After the token sale, the coin began to rise in price and a maximum of 82 cents was demonstrated by QSP in January 2018. Further, the token began to gradually fall in price and in the spring of 2018, it was given from 10 to 20 cents for it. In the summer the same year the fall continued and on some days the coin cost about 3-4 cents. QSP is currently trading at this level, i.e. QSP token price is 0.043189 as of June 2, 2021. Quantstamp cryptocurrency (QSP) is a token based on the Ethereum blockchain. Quantstamp capitalization as of June 2, 2021 is 30,828,277 and it is currently rated #607 on Coinmarketcap. A total of 976,442,388 coins were issued, 713,801,946 are in circulation.

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Quantstamp (QSP) Popularity Analysis

The Quantstamp project was created with the goal of solving a problem on the Ethereum network. This problem was associated with hacking cases of Ethereum smart contracts of some projects.

Quantstamp provides decentralization of the analysis of smart contracts in order to identify their vulnerabilities several times faster and more reliably, and the result can always be checked directly on the blockchain. At the end of testing, each bug is assessed or a “hole” is found, ranging from 1 to 10, respectively, depending on the potential danger of the bug. Such a platform is a unique solution of its kind, while all checks are fully automated, and the service is based on blockchain technologies. Quantstamp maintains a history of all weakness checks that were carried out for a specific contract. This allows you to review old vulnerabilities at any time before submitting code in search of the new ones.

At the same time, the reports are stored using the same blockchain technology, and, accordingly, the security of the platform is beyond praise. Each piece of information is split into bits and sent to each user for storage, and only the owner of the application can collect them. The work is similarly split between all users in the system, which saves on server capacities. Validators (users providing computing power to the system) are rewarded with the platform currency, i.e. QSP, which is an altcoin and can be withdrawn using cryptocurrency exchanges. Each check is launched by this very network of validators, built on Ethereum nodes with additional software.

An additional system protocol which can be downloaded from the official website, lets each validator join the solution of mathematical problems and software certification. Accordingly, unlike Bitcoin, users’ power is spent not on solving abstract equations, but on a very specific task, which could become a new milestone in the development of altcoins. Thus, Quantstamp currency is already supported by the customers of the system, who pay their money or cryptocurrency to verify the smart contract. This allows the QSP to be more than just a collection of zeros and points, because now coins are not taken from anywhere, but for performing useful practical tasks by your machine. This also ensures certain stability of the token rate in the system, although they have a positive growth trend.

Quantstamp (QSP) Coin Value

Why are QSP tokens required for? Going forward, it’s worth considering the participants and their contacts with QSP:

1. Participants receive special invoices in order to run the software for validating the Solidity program. Further, many active participants become experts in the field of security audits. Contributions are taken into account while voting through governance mechanisms.
2. Validators act as receivers of Quantstamp validation nodes via Ethereum. They do not need the work of experts, so network resources are playing a key role for them.
3. Searchers become owners of QSP tokens, in the form of a generosity when submitting defects and errors, since they are the ones who violate all the activities of smart contracts.
4. Authors must pay tokens in order to carry out further verification of contracts.
5. As a result, active users have access to all verification schemes that confirm the security of contracts.

The main feature of the entire protocol lies in the functioning of the management system. It is designed in the form of a modular confirmatory contract based on multi-sig timeout voting.

Smart contract verification using Quantstamp costs 25 QSP. At the current exchange rate, this is about 1. Beside 25 QSP additional funds must be temporarily engaged. In order to conduct an audit, you should have 200,000 QSP tokens on your balance, therefore as long as you have this number of tokens in your wallet, you will have access to the Quantstamp system. Then you get the tokens back, they are not spent, so in the end the cost of the audit remains very low. But the requirement to keep a certain balance of tokens creates a constant demand for them.

Apart from the customers for audit services of smart contracts, demand is stimulated by voters. It is not clear at the moment what minimum balance they should maintain. We believe that it should be relevant to respond to the economic damage in case of detection of deliberate dishonest actions on the part of the voter. The need to maintain a certain balance of tokens by customers of audit services and voters will contribute to a significant increase in the QSP rate, since such a requirement significantly reduces the volume of tokens in free circulation. If demand grows and supply decreases, then the price of the token will surely rise. As a side remark, let us note that the balance required by audit customers will be periodically adjusted as more and more customers use the platform.

We expect Quantstamp’s audit services to be used by hundreds of thousands of customers, auditing billions of contracts. Therefore, we believe that over time, the number of tokens required to conduct an audit will decrease.

How to buy Quantstamp?

If you decide to replenish your wallet with a promising new coin, you can visit one of the exchange cryptocurrency resources:

• Binance;
• Huobi;
• Kucoin;
• Gate.io;
• Gopax;
• Idex;
• Radar Relay;
• Godex.

Coins can be bought with BTC, ETH, BNB, KRW, WETH, or USDT.

Quantstamp (QSP) advantages and disadvantages

Everything has negative and positive sides and this platform is not an exception. Among its advantages it is worth noting the following:

• automation;
• reliability of use;
• solution of the complex problems in the network;
• ease of use;
• profitability, etc.

We really like that this project stands out from the current flow of ICO projects which are built only on the size of the bonus and a quick drain. The project is not limited only to the Ethereum platform. If we live up to the day when smart contracts begin to be widely used in everyday tasks, Quantstamp will become a monster. Without blockchain technology, smart contracts will have to undergo lengthy audits, while such a procedure will not guarantee the absence of errors, because there is always one significant flaw in a centralized system which is the human factor. More and more money is in the contracts. One prevented bug is more than enough to financially justify the project. The system is economically resistant to possible online detractors.

The project brought together a strong team of engineers without a paid hype. This is an old tube blockchain for geeks.

The company has issued tokens as an alternative to its shares, and with full confidence has publicly stated that if their price falls low enough, on the contrary, they will start buying them. This shows the authors’ confidence in their project and dedication.

But there are some disadvantages that bother users and current token holders:

• The code of the current prototype resembles an extreme programming product. The value of static analysis is low.
• The Ethereum platform, despite its popularity, is very crude. This code analysis is a crutch instead of refactoring. With the development of the platform, the need for such a project may disappear.
• A project like this would look good as a non-profit one. Potentially the Ethereum Foundation may release or support an analogue of Quantstamp, which will overshadow it.
• There are not so many competitors breathing down Quantstamp’s neck, but they are available. Etherparty, BlockCat, ZeeplinOS, and Agrello offer their own solutions to the problem, reducing the cost of creating smart contracts in a different way. Moreover, the used methods imply the absence of the need for additional verifications. But healthy competition is the engine of progress.

QSP Price Predictions For 2021

Among numerous agencies and individuals who give their forewarnings for QSP the majority of them see a power in the project but most of them agree that it will have an outcome in the far perspective.

#PricePrediction: By December 2021 the price of 1 QSP crypto coin will equal $0.0721 USD.

#DigitalcoinPrice: QSP coin predictions show that QSP cryptocurrency will be a profit-making long-lived investment (3 years and above) and Quantstamp crypto value is expected at$0.06 by the end of 2021.

#Tradingbeasts: The prognosis suggests that the QSP value will unlikely grow within a year and the price will reach its maximum price of $0.07 this year.

#Walletinvestor: The agency has come to the conclusion that QSP will not be a rewarding 1-year investment foreseeing its price drop to $0.03 while closing 2021. 

QSP Price Predictions For 2022 

#Tradingbeasts: Quantstamp average price for 2022 equals $0.06 with its possible maximum value of $0.085 by December 2022.

#Walletinvestor: QSP 1 year forecast is 0.0728.

#DigitalcoinPrice: The price of 1 Quantstamp can roughly be upto $0.07493467 USD in 1 year time.

QSP Price Predictions For 2023

#Tradingbeasts: Quantstamp forecast for 2023 slightly differs from its prognosis for 2022 predicting QSP average price during the year at $0.06-$0.07 with its possible maximum point of $0.092 by December 2023.

#Cryptoground: The price of Quantstamp (QSP) in 2023 will be about $0.1768.

#Cryptocurrency Price Prediction: The forecast shows the maximum price of $0.9275 by August 2023.

QSP Price Predictions For 2024

 #Tradingbeasts: Quantstamp forecast QSP will open 2024 with the minimum price of $0.0632005 and the maximum of 0.0929419. The average value is prognosed at $0.07. By December 2024 the price will grow slightly and the maximum is expected at $0.099 while the minimum will amount to $0.0676121.

#DigitalcoinPrice: Agency algorithm predicts that the Quantstamp Price can be up to $0.10805823 USD.

QSP Price Predictions For 2025

#Cryptoground: As per the forecast and algorithmic analysis, the price of 1 Quantstamp will be around $0.4820 in 2025.

#PricePrediction: By the year 2025, the price of one QSP could be as high as $0.3605 USD.

#Walletinvestor: Quantstamp crypto will rise to $0.06 within 5 years.

#Cryptocurrency Price Prediction: They predict QSP may cross the $1 USD mark after 2025.

As you may see from above the prospects for the Quantstamp cryptocurrency are generally assessed by analysts as high and its opportunities are vast. At first glance, the Quantstamp project may seem very complicated, and this is true, we do not deny it. Quantstamp intends to solve the most expensive problem of smart contracts, i.e. their security. The project has an experienced team, good advisors and one of the strongest communities in the crypto world. All this significantly increases the likelihood that Quantstamp will become a mark of quality and safety in the new, modern world of blockchain.

Smart contracts have the ability to spread around the world, so their number will grow exponentially. There are extensive options for their use in real life. And Quantstamp represents the future when it will be easier for people to check the contract code than to suffer multimillion-dollar losses as a result of programmers’ mistakes. 

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.