Status Price（SNT）USD

Status (SNT) is an open source messaging platform and mobile interface that allows users to connect with Ethereum-based decentralized apps. It has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Moreover, the platform claims to be a portal to irrefutable commerce of no extra charges, peer-to-peer payments, and encrypted p2p conversation.

SNT is a utility token that fuels a decentralized push notification market, governance of the Status client, along with curation of user-generated content on the network.

 

What Makes Status Different?

Status, or SNT, is an open-source messaging platform as well as a mobile interface. This interface allows its users to interact with DApps running on the ETH blockchain. In return, users get over 2,000 DApps, can send and receive encrypted messages on a peer-to-peer basis and can make payments as well as utilize smart contracts.

The network itself uses Status Network Tokens, or SNT, that are the native currency on the platform. The goal of Status is to make the adoption of Ethereum DApps quicker and more efficient.

There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. The contributors conduct research on a crypto economic model, and peer-to-peer technologies can ensure a healthy Status Network.

 

How Is the Status Network Secured?

When it comes to the Status network as a whole, it has a main goal of being a truly decentralized communication tool that over time can remove all third parties and minimize any attack vectors for malicious actors.

Messages are not blocked or censored, and they are pseudo-anonymous when the user chooses this as an option. You can send, store and receive cryptocurrencies and tokens within the Status wallet, as the private keys are never exposed.

You browse through Web3, where the end user data and browsing information is not accessed by any third parties.

The user’s identity in Status starts with a locally generated cryptographic keypair, which is protected with a password. Status also uses the Waku protocol for peer-to-peer or P2P communication, and Waku itself relies on a network of peers to route the messages to each other.

It has end-to-end encryption by default, and perfect forward secrecy which is built on the X3DH and Double Ratchet specifications from Open Whisper Systems. The cryptocurrency is stored on a non-custodial wallet, and there’s a signing phrase to protect from any phishing attacks.

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