Status (SNT) Price

Status is a mobile and desktop operating system and decentralized (web 3.0) browser that incorporates a messaging system and this allows you to interact with a network at any time. It is a secure messaging app that uses the latest encryption tools to ensure your messages and transactions are private and secure.

Status aspires to be a safe communication medium that upholds human rights with the intention of supporting the sovereignty of individuals, ensuring the free flow of information, and safeguarding the right to private, secure communications.

This article will explain its status, features, updates, and how it works.

WHAT IS STATUS

Status is a mobile user interface and open-source messaging platform for interacting with decentralized applications that are powered by the Ethereum Network. It is a light client Ethereum node which gives access to Ethereum decentralized apps via the installation of the app on electronic devices. This way customers can send encoded messages as well as access decentralized applications such as a cryptocurrency wallet.

Status is currently trading at $0.028295 USD with a 24-hour trading volume of $6,853,729 USD.

STATUS FEATURES

In order to communicate and transact, people need a medium of communication and with the coming of Ethereum public blockchain users now have a decentralized medium of agreement, that has no need for licenses, doesn’t involve trusting a third party, and is cryptographically verifiable. Status is using Ethereum to provide the basics required for giving collaborators parity and this is quite evident in its features which include helping customers;

1. send and receive secure messages, payments, and smart contracts.


2. browse decentralized applications and decentralized chatbots, and engage in conversation with them.


3. manage and store cryptocurrencies in integrated status wallets.

STATUS TEAM

Status network was founded and originally released in 2017 by Carl Bennetts and Jarrad Hope who prior to this both ran a software distribution company. They had previously worked together for about 6 years with about 3 years of that operating a software distribution network and using their profits to fund their projects. During the course of their work, they were able to see first-hand how people’s data were being sold and bought on the internet and how this translated to user acquisition and retention.