Status Incentivizing Node Operators For Decentralized Messaging Protocol

Status is an Ethereum-based project that has launched an incentive program for node operators around Waku. Waku is its decentralized peer-to-peer messaging protocol. In today’s announcement, Status stated that it will soon start the first phase of its unique plan to encourage people to configure and then also operate the nodes used by Waku. It is a private messenger based on the Whisper protocol. Furthermore, Status said that it will be offering up to $100 worth in its native token SNT to 100 people who will participate in its 3-month program. The status team split Whisper in 2019 to launch Waku. Instead of the “traditional” client-server model, the protocol uses community-owned and managed nodes to route messages on the network. The project is dedicated to peer-to-peer messaging services designed to compete with major companies such as WhatsApp, Telegram, and Signal.

Andrey Shevchenko is a former Cointelegraph reporter. He will be running one of the nodes. He said, “Using peer-to-peer networks for personal communication is the only reliable way to escape censorship. Status has clearly put a lot of effort into this to make it technically viable so I’m curious to see where it goes.”

According to the project, one of the motivations for developing the protocol was Ethereum co-founder Vitalik Buterin. The co-founder recently encouraged developers to “further” innovate beyond the typical boundaries of decentralized

finance or DeFi. Buterin said that Ethereum’s non-financial applications that also include social media, can achieve this goal. The Status Rewards program provides members with a small reward to ensure that they set up and maintain one of the nodes. The pilot of this project is carried out in South Korea, and they are planning to launch 25 nodes soon. In action, it also shows that they have the aim for a big presence in Latin America.

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