Status (SNT)

106 Articles 7 Followers

Status (SNT) is an open source, decentralized messaging application, crypto wallet and Web 3.0 browser built on top of a blockchain network. The platform was launched by Carl Bennetts and Jarrad Hope in 2017. SNT is a utility token that offers holders a variety of privileges.

Aiming to be a “secure communication tool that upholds human rights”, Status operates as a light client node on the Ethereum blockchain, and is something like an operating system that gives users access to all of the decentralized applications (dapps) on the Ethereum blockchain. The target market is smartphone users - any of whom can access the Ethereum dapp directory through the Status application. The latter is available on both Android and iOS.

Status also emphasizes the social nature of the platform. Instead of advertisers or money pulling the strings when it comes to what content is shared, it is the holders of SNT tokens who become the major stakeholders in the network and decide how the network is governed.

There are a few areas that development can be broadly categorized into: core development, SNT utility, research and “essentials.” The team, which itself is quite decentralized, is currently working on particular goals in each of these categories, including network incentives, token economics, the browser and the wallet. 

2019’s list of milestones include significant development on Nimbus, a client focused on scaling using the sharding technique, a dapp discovery feature and improvements to different versions of the Status application.


5 Crypto Projects Under $0.1 With Huge Potential

24 Apr 2020 20 minute read 28 comments CryptoChartWizard91

Hello, traders! Today I would like to present to you 5 cryptocurrency projects that are priced underneath $0.1 with HUGE potential ahead of themselves. When people see a coin priced at $0.1 they tend to see dollar signs in their eyes as they believe...

The Secure Messaging App Of The Future

23 Apr 2020 9 minute read 0 comments Status Community Updates

Something very interesting is happening on a global scale for the once taken-for-granted "text app". Most obviously, of course, is the fact that a secure messaging app isn't just about basic text anymore - what sort of data they're expected to handle...

Totle Swap: Comparison Shopping for Crypto Swaps

14 Apr 2020 2 minute read 0 comments Status Community Updates

There are many tokens available in crypto. New-to-crypto people can often get confused trying to navigate the various coins, platforms, and projects and how to get involved. But tokens are one of the best killer apps of crypto, and having access to t...

Nimbus update: April 10

11 Apr 2020 3 minute read 0 comments Status Community Updates

April milestones Our main goals this month are the following:   Implement specification v0.11.1 Our main focus this month is implementing specification v0.11.1  in order to be ready for the multi-client testnet (later this month?). v0.11.1 is an espe...

DeFi with Aave: Open Source Borrowing & Lending

11 Apr 2020 2 minute read 0 comments Status Community Updates

It's always fantastic to see options growing in an emerging market. It's competition, collaboration, and expanding an industry where there is appetite for new products. Aave is a prime example of this in the open lending DeFi space. Aave brings a com...

Peer-to-Peer Messaging – Where Whisper Falls Short and Waku Picks Up

8 Apr 2020 6 minute read 0 comments Status Community Updates

Status v1.2 is a significant milestone in the development of the private messenger, integrated crypto wallet, and secure web3 browser. It introduces Waku – a fork of the previously used peer-to-peer messaging protocol Whisper. Waku aims to solve some...

v1.2 Release - Waku Servers & Scalability

7 Apr 2020 1 minute read 0 comments Status Community Updates

This release is one of the most important in Status’ history. The change log is small, but significant. Today we’re rolling out new mailservers that use our fork of the Whisper messaging protocol, known as Waku. Waku mailservers prevent Status from u...

Status Launches Private Peer-to-Peer Messaging Protocol

7 Apr 2020 2 minute read 0 comments Status Community Updates

iOS and Android app brings benefits of blockchain to regions with unreliable payments systems, censorship, and surveillance Zug, Switzerland – April 7, 2020 –  The Status Network, a blockchain infrastructure builder, has released version 1.2 of its f...

What's with DeFi and Money Legos?

3 Apr 2020 3 minute read 0 comments Status Community Updates

You may notice that conversation about DeFi on crypto blogs and Twitter often uses the term money legos. The DeFi community is especially excited about this idea as it exemplifies one of the leading Ethereum memes programmable money. But what do mone...

PoolTogether: A DeFi Pool Party

3 Apr 2020 2 minute read 0 comments Status Community Updates

No-Loss Lottery. It's a lottery where the money you put in, you get back, win or lose. And if you win, you win a prize on top of your funds. It's simple, it's cool, it's DeFi, and it's on the mobile Status App. PoolTogether is a DeFi no-loss lottery...