Status (SNT) news

What Is Status (SNT)?

Status is a messaging platform and smartphone interface that connects users to Ethereum-based decentralized apps. Status is a web application created with decentralized technology that provides a glimpse into the emerging decentralized web. What's interesting is that Status offers a portal to irrefutable commerce without any additional charges, as well as peer-to-peer payments and encrypted P2P conversations.

What Makes Status Unique?

Status, also known as SNT, is a messaging platform and mobile interface that is open-source. This platform enables users to engage with DApps that are operating on the ETH blockchain. In exchange, users can access over 2,000 DApps, send and receive encrypted messages on a peer-to-peer basis, make payments, and use smart contracts.

The network operates using Status Network Tokens, or SNT, which is the native currency of the platform. The primary objective of Status is to expedite and streamline the adoption of Ethereum DApps.

Moreover, there is a network of users-as-stakeholders that ensures the alignment of the network's behavior and software with the interests of a specific user. The contributors of this network conduct research on a crypto-economic model, and utilize peer-to-peer technologies to guarantee a healthy Status Network.

The Security Measures Of The Status Network

The main aim of the network is to provide a decentralized communication platform that minimizes the risk of attack vectors for malicious actors by removing all third parties. Messages are not blocked or censored, and users can choose to remain pseudo-anonymous. The Status wallet allows for sending, storing, and receiving cryptocurrencies and tokens, with private keys never exposed. Web3 browsing ensures that end user data and browsing information is not accessed by any third parties. User identity is established with a locally generated cryptographic keypair and protected with a password. The Waku protocol is utilized for P2P communication, and end-to-end encryption with perfect forward secrecy is built on the X3DH and Double Ratchet specifications from Open Whisper Systems. The non-custodial wallet has a signing phrase to protect against phishing attacks.

What is the price prediction for SNT coin?

Based on the latest Status price prediction, it is anticipated that the value of Status will experience a significant increase of 251.49%, reaching $0.0814 by the end of 2025.

Who Are the Founders Of Status?

The publication of the Status whitepaper occurred on June 15, 2017 and the platform was co-founded by Carl Bennetts and Jarrad Hope.