Published on Feb 21, 2020
Status is a mobile operating system that will completely change the way the world interacts with the Ethereum network. SNT is decentralized browser and private messenger that allows users access to the entire Ethereum network right in the palm of their hand.
It operating as a light client node on Ethereum and allows users to access all of the decentralized applications (dapps) on the Ethereum network through an app on your smartphone.
An easy way to get your head around to concept is to take the example of Android. Ethereum will be the Android operating system, dapps will be the apps you can run on Ethereum while Status dapp store directory similar to what the play store is for Android apps.
Chances are you’ve never heard of SNT but you have probably heard of Ethereum. SNT is a part of Ethereum and given that Ethereum is among the big guys, running side by side with Bitcoin when it comes to popularity and demand on the market, but going over it with its advanced and developing technology.
Although Ethereum is also using blockchain technology, unlike Bitcoin blockchain technology, Ethereum allows different tokens and coins to be used and spent within its network; even allowing users to work on expanding Ethereum community, exchange values, create applications and programs that Ethereum community members can use and trade within an utterly decentralized ecosystem.
As the ecosystem gains popularity more and more projects are being built on top of the ER20 token platform, projects like OmiseGo, Civic, Storm & many more. Having so many dapps available is great for the user in terms of options, however, managing dapps will become a pain very soon.
From personal experience managing your dapps on a desktop using Metamask isn’t everyone’s cup of tea and it can be very intimidating.
SNT aims to change this by offering open source platform that is programmed to enable messaging through Ethereum. SNT is also used as a mobile browser that is meant to connect the user with decentralized applications that are active and available within the Ethereum network.
Status opens the door to mass adoption and new ways of interacting with Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users.
January the 1st 2018 was somewhat a good day for SNT as this token got a raise 58.21% in oppose to its previous value, which made its value per coin increase for 0.103$ per one unit, giving SNT a total value of 0.28$ per one SNT coin. Its entire net worth then reached 6.80 billion coins in circulation, each dealing an amount of 0.28$ per one coin.
At the beginning of December 2017, this token reached a marvelous increase of over 200%, reaching the current value gradually through benevolent increases and gaining in overall value and market demand.
However, January the 2nd 2018 wasn’t as good for SNT as the previous day. The token’s value fell -15.01% which made this coin decrease and fell to the total value of 0.25$, which only makes this drop somewhere around 0.03$ per one unit. Even though this decline is not as severe as watching Bitcoin falling from 22.000$ to 10.000$ in only a couple of days, the decrease is still there.
The highest price that day for selling SNT via Liqui was 0.3$ per one unit, and the lowest was 0.24$ per one coin.
