Disclaimer, I am invested in this said project and truely believe in its potential.. however I am no giving investmen advice.. please do your own research and decide when n how to invest.
Despite the current sentiments, one should always keep their head clear and emotions check..
Ok moving on, one of the main reason i am intrigued with blockchain technology is partly due to its decentralized nature where one do not need a 3rd party to transact, but most importantly is the security it boast (virtually imposible to hack). Thus it came as a big shock to me when I read news millions of funds stolen via hacks..
I could not believe it, the truth is it is not that simple.. Yes Bitcoin is perhaps the most technological sound in terms of security whereby nobody in the world could hack it (in theory people could hack it, but the resources and cost to do so is so impractical to the point it is impossible). Stories of bitcoin getting hack are either from human mistake allowing criminal access to their private key, or having exchange hacked.
The most recent one, almost dwarfing Mt Gox hack leading to the longest bear market in the world..
http://money.cnn.com/2018/01/29/technology/coincheck-cryptocurrency-exchange-hack-japan/index.html
At least they are reimbursing the lost funds.
( Quoted from original source here https://en.insider.pro/infographics/2018-01-29/chart-day-biggest-cryptocurrency-hacks/)
One could argue Bitcoin is secure, but the rest of the cryptocurrency are not.. they are vulnerable
This news is self evident of the weakness in the smart contract. Yes it adds multidimensional functions beyond Bitcoin, but it came at a cost..
Most of you who are well versed in this space could have guessed it.. Yes the most undervalued project now is Quantstamp.
The timing could not have been better.
Realizing the inherent problem, the need for having auditor and verfying smart contract platform for bugs and weakness is a great big deal when we are dealing with millions of dollars in value..
Thus it is of great importance and with great timing such project existed.
Official website
https://quantstamp.com
Here is their whitepaper
https://docsend.com/view/shcsmhe
For me personally, QSP is one of the rare breed of project that have long term potential. They are delivering step by step unlike so many other project that are either utter scams or extremely hype with no real updates and project delivery.
As you can see they are actively auditing platforms for the betterment of the cryptocurrency ecosystem.
Quantstamp to Audit Insights Network’s EOS Smart Contracts
https://www.reddit.com/r/Quantstamp/comments/7s7ler/quantstamp_to_audit_insights_networks_eos_smart
