QSP Team partners with OmiseGo to make Ethereum ecosystem safer
Quantstamp (QSP) is a company that conducts audits of various cryptocurrencies and crypto-related projects. Few days back, the QSP team conducted audit of OmiseGo’s MVP (minimum viable plasma) implementation, where they checked their repository for security-related issues, code quality, and adherence to specification and best practices.
OmiseGo team wants to maintain best possible security and Quanstamp team did discover a vulnerability that bypassed their protection. This vulnerability was obviously promptly fixed by the OmiseGo team.
Quantstamp CTO Steven Stewart said that Plasma is offering a solution to the Etheruem’s scaling problems and QSP team is proud to be enhancing the security of this scalability prototype.
Back in December 2018, a single DAPP, CryptoKitties clogged the entire Ethereum network. This is because CryptoKitties was doing way too many transactions on Etheruem blockchains and this slowed everything down due to limited amount of data per block. This is done in order to ensure all transactions are executed in a secure and immutable manner.
Plasma will help scale Ethereum to let it handle transactions at exponentially high speeds. It does this by creating blockchains on top of Ethereum to enable faster and cheaper transactions.