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.
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.
Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships.20897
It's not a scarce resource like nuclear power, whose proliferation is more easily suppressed.4507
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.2659
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.9290
Seven major crypto exchanges and issuers are facing 11 new class-action lawsuits that were filed in a New York federal court on Friday.18541
Communication-related tokens have surged over 18 percent in the last week following in the footsteps of Zoom and other telecom stocks.3790
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.5786
Five largest ICOs by the amount raised in 2017 show that returns on investment can reach up to 870 percent within 3-4 months.67674
The cryptocurrency ICO market has attracted interest from all angles in the financial space. Here, we look at the biggest ICOs.35935
What are the possible solutions to the race conditions, created by ICOs so popular that they paralyze the Ethereum network?9650
While on the verge of losing its number one position, Bitcoin regains 27 percent of market dominance.15923
Block.One’s ICO will launch today as the Ethereum network loses confidence over last week’s network congestion.22404
Focus on Ethereum-based Civic and Status ICOs due in coming days.53680
In an effort to improve their technology platform, Status offers a sizeable bug bounty for users who are able to find bugs in its Smart Contracts and software.34535