Status Implements Security Measures to Offer Secure Messaging, Financial Transactions, and Browsing
While most cryptocurrency projects
claim to offer privacy and anonymity to their users, not many do match up in
practice. However, Status, a decentralized platform that
serves as a messenger, crypto wallet, and a browser has implemented some
measures to offer users security and decentralization features they desire.
According to their official website,
Status is a messenger, crypto wallet, and Web3 browser built with state-of-the-art
technology. It is an open-source project that has contributors from all over
the world. Thus, developers, designers, educators, content creators,
enthusiasts, and virtually everyone has open access to the platform.
The primary goal of Status is to
serve as a secure communication tool that upholds human rights. Thus, the
project enables community money, community law and through privacy, preserve
culture. By offering a secure messaging service, the platform ensures that they
do not censure or block messages. Also, a user has the option of remaining
anonymous, with the recipient the only person with the ability to view
In addition to this, Status offers
secure financial transactions to its users. The platform allows users to send,
store, and receive cryptocurrencies via the Status wallet. The private keys
remain safe, and Status only carries out a transaction if the owner of the
private keys initiates and confirms the process.
With Status’s web3, third parties do
not have access to users’ data and browsing information. Thus, allowing users
to surf through the internet without having to worry about someone harvesting
Whisper Protocol, Perfect Forward Secrecy and Browser Privacy Mode
To achieve its numerous goals, Status
is upgrading and implementing some security measures. In the first instance, the team has the Whisper Protocol.
This is a peer-to-peer gossip protocol that allows sending and receiving
messages with a darkness mode via a multicast dark routing.
Secondly, Status has the Perfect
Forward Secrecy, which is a feature of specific key-agreement protocols that
ensure that a user’s session keys are intact even when the participants’
private keys are unsafe. Therefore, a third party who manages to get hold of a
user’s private keys cannot decrypt their past messages.
The lasts technical security
implementation by Status is the browser privacy mode that it enables by
default. With this feature, dApps will need to seek for a user’s permission
before connecting to their wallet.
To avoid controversies, Status is
working with independent audit firms to help check and affirm their security
level. With Trail of Bits and ETHsecurity they can keep abreast with the latest
security updates and make improvements where needed while sharing audit results
and findings publicly.