Startup Status raised $100 K in its 2022 initial coin offering on the premise of building a private messenger based on the Whisper protocol that allows Ethereum DApps to communicate. Each smartphone that runs a Status app becomes a node, and all the messaging runs on a peer-to-peer network which is censorship-resistant. After three years of hard piece of work, it is fix for the spotlight.

Picking up where Ethereum dropped off

Whisper currently allows for but well-nigh 100 daily users earlier bandwidth consumption becomes an consequence according to the company's simulations. Status hopes to overcome this limitation.

"Whisper has scalability bug. When nosotros were doing our ICO, we believed that the Ethereum Foundation was going to go along working on Whisper to amend scalability; nevertheless, Ethereum had to focus on other bug", Corey Petty, Status' caput of security, shared with Cointelegraph.

Going Waku

Status had been working on the improvements to the Whisper protocol before realizing its pregnant scalability issues. In 2022 the team forked Whisper to create Waku. Its current version can handle upwardly to i,000 daily users. Even so, the team expects Waku ane.2 to handle upwards to 100,000 users when it is released in two-three months.

But for Status to compete with mainstream giants such as WhatsApp, Telegram, Signal the company is simultaneously working on another modular peer-to-peer messaging stack from the ground upward. They emphasized, however, that everything will remain open up-source.

Taking on Telegram

The messenger space is highly competitive, even its sub-niche — focused on privacy is total of boxing-tested incumbents. The closest analog for Status is Telegram. And then Cointelegraph asked Petty what advantages does Condition have over its much bigger rival? His response:

"Nosotros don't rely on central servers, everything is p2p. All the messaging is routed via go-ethereum [Ethereum networking layer]. Everything is open-source, users tin verify, fork, upgrade our product".

Beyond the applied science, Condition is as well focusing on marketing its production to stop-users.

"Nosotros also have significant ICO funds locked-up for an ambitious marketing campaign once we solve all the scalability issues, adds Johnny Zerah, head of marketing. "Nosotros'll focus on the regions where privacy-preserving tools are needed"

While Telegram is entangled in a legal quagmire, it may exist Status' time to shine.