In a significant stride towards fortifying its blockchain ecosystem, Klaytn Developers announced their partnership with Quantstamp, a San Francisco-based pioneer in blockchain security. This partnership, the third Ignite on Klaytn (IOK) collaboration, brings together Klaytn’s innovative Layer 1 public blockchain and Quantstamp’s industry-renowned security expertise.
The announcement was made through an official tweet from Klaytn Developers, expressing their enthusiasm for the partnership. Quantstamp, founded in 2017, has earned its reputation as a beacon of security within the blockchain universe. The company’s financial backing includes investments from industry heavyweights such as SoftBank, Pantera, Tencent, and Y Combinator, amassing a capital accumulation of $125 million.
Securing the Future of dApps and Blockchains
Quantstamp’s journey is powered by a squad of 87 experts who have collectively garnered over 3,000 Google Scholar citations, showcasing their deep-rooted expertise. With digital assets worth over $200 billion under their watch and a track record of conducting 600+ comprehensive audits, Quantstamp’s commitment to security is unparalleled.
Their unique Flash Loan Detection tool sets them apart as a leader in the industry. Quantstamp’s offerings include comprehensive security audits and their specialized Flash Loan Detection tool, designed to prevent flash loan attacks. These services cater to a wide spectrum of clients, including enterprises, blockchains, DeFi projects, and NFT creators.
What sets Quantstamp apart is not only its impressive track record since 2017 but also its rigorous audit methodologies and highly decorated team. This partnership aims to bring Quantstamp’s expertise to the Klaytn ecosystem, benefiting Klaytn-based projects with affordable, top-tier security audits, and ensuring enhanced safety and reliability for dApps and blockchain ventures.
Klaytn, developed by the Korean IT company Kakao, has been a driving force in global blockchain adoption since its launch in June 2019. With exceptional transaction latency, enterprise-grade reliability, and a developer-friendly ecosystem, Klaytn has processed over a billion transactions through more than 300 decentralized applications (dApps). Its diverse applications span DeFi, real-world assets, entertainment, gaming, and even central bank digital currency (CBDC) pilot projects like the Bank of Korea’s.
The partnership with Quantstamp aligns perfectly with Klaytn’s vision of a world where every blockchain project enjoys unmatched security. This collaboration strengthens the Klaytn ecosystem against threats, ensuring a safe haven for all dApps and bolstering its reputation for reliability and security.
In the words of Klaytn Developers, “With Quantstamp, we’re shaping a future where the Klaytn ecosystem becomes synonymous with reliability & security. Devs, let’s build and secure!” This partnership signals a promising future for Klaytn and Quantstamp as they work together to ensure the utmost security and integrity of the blockchain space, further accelerating the adoption of blockchain technology across various industries.
