A decentralized messaging app has soared into the top three most actively-developed crypto projects of the last month.
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Status News
Status is a decentralized open-sourced mobile application powered by its cryptocurrency – Status Network Token (SNT). Status is explained as an Ethereum client, used as a browser and messenger that can offer you an access to Ethereum-based decentralized applications through a smartphone.
Status decentralized nature makes it possible for users to own a stake of the network and consequently take part in its governance. To own a take of the Status network you should also own some SNT. Status doesn’t profit from advertisement, and, therefore, from using and selling clients data. That’s why it is only possible for honest and trustable ads to exist in the network. Status protects both itself from attacks and users from spam by using the feature of requiring having SNTs on your account to reserve a user-name.
Status being open-source and user-driven makes it one of the most promising cryptocurrencies on the market.
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In 2022, the blockchain suffered from ten partial or full outages along with slow block times. Solana’s co-founder said it’s “not the experience that we want to deliver.”
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According to the project, one of the pushes for its development was Ethereum co-founder Vitalik Buterin encouraging developers to consider non-financial applications for DeFi.
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Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships.
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It's not a scarce resource like nuclear power, whose proliferation is more easily suppressed.
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Plaintiffs as the court to authorize communication via email and Twitter to Status co-founders as part of a class-action lawsuit over SNT’s ICO.
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Ethereum 2.0’s “many clients” approach is sometimes criticized for slowing down progress, but a Nimbus developer believes this will make the network more resilient.
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Seven major crypto exchanges and issuers are facing 11 new class-action lawsuits that were filed in a New York federal court on Friday.
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Communication-related tokens have surged over 18 percent in the last week following in the footsteps of Zoom and other telecom stocks.
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Nimbus received a $650,000 grant from Ethereum Foundation to realize its vision of light Ethereum 2.0 clients running on smartphones and Raspberry Pi devices.
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