Review on Status by Jesmin Akter

It operates as an open source platform that facilitates communications via the Ethereum blockchain. As a mobile browser, it connects users with decentralized applications that are accessible and active inside the Ethereum network, giving users access from anywhere in the world to communicate with other parties and work in or on programs that they are looking for via Status. Ethereum's digital identity system, known as ethereum, is one of its most important components, since it enables users on the ETH network to exert full control over their digital identities inside accounts, as well as personal data and wealth as represented by digital currencies and actual money. Users may proclaim their digital independence via the usage of the uPort plugin function. SNT also provides users with access to a decentralized job marketplace, which allows them to either work for themselves or hire someone to work for them without incurring any costs. It also enables artists to share and produce material with the rest of the community, as well as to purchase insurance policies and establish businesses that are not restricted by geographical boundaries.



The fact that SNT is used as a utility token, as well as the value it provides to its users, distinguishes it from other cryptocurrencies. Furthermore, because of its messenger-like design, it is familiar to the majority of smartphone owners. Together, this functionality provides Ethereum a versatile platform for DApp developers, allowing them to make the most of the public blockchain's frequent use to the greatest extent possible. The fact that Status disrupts the imbalanced design of traditional social media platforms, which provide virtually all power to owners and marketers while giving little or no authority to users, suggests that the social network will be reinvented in the near future. Status aims to empower users by transforming them into stakeholders in the networks in which they engage.



Status's incubation program is a significant step forward that has the potential to benefit the company. It has been established to promote blockchain technology and to raise funds for blockchain-based initiatives, which may include, but are not limited to, storage, governance, and blockchain-based computing projects. With this project, we want to make the Web3 ecosystem much more useful and powerful for people that are interested in SNT and its technology. All of this, however, will be impossible until Status implements a more effective marketing plan to increase awareness of its Web3-related enterprises and the Status Incubate. SNT, on the other hand, will be valuable as long as Ethereum continues to be a promising platform, and should it accomplish its goal of being a user-empowering social network, as opposed to the legacy networks, it might become a very lucrative investment.