Shift price is $0.65257400
The current price of Shift (SHIFT) is $ 0.65257400. In the past 24 hours, Shift's price has increased by +0.00%.
Shift is a unique cryptocurrency that aims to make the hosting and sharing of content on the blockchain simpler and easier. It utilizes the Interplanetary File System (IPFS), a peer-to-peer protocol to store and share data in a distributed file system. This means that data is not stored in a centralized location, resulting in increased security and control over the shared content. Shift uses a delegated Proof of Stake (DPoS) consensus mechanism for transactions.
At this moment, the team behind the Shift project hasn't been publicly disclosed. However, the website of the project mentions an active and contributing community of developers and enthusiasts that are consistently working on improving the Shift ecosystem. You can check for more detailed information directly on their official website.
Shift aims to revolutionize the way hosting and sharing of content on the web works. This is done by using a decentralized platform built on the IPFS technology, where Shift acts as the intermediary layer between the IPFS and the end-users. Individual users, instead of a centralized entity, hold the actual physical data which results in increased security and control of content. Furthermore, Shift uses a DPoS consensus mechanism, which is known to be faster and more efficient than the traditional Proof of Work algorithms.
The cryptocurrency of the platform, SHIFT, is used to incentivize individuals to support the network by hosting data. This ensures that the data is always accessible, as it is not stored in one centralized location.
Shift is unique in its use of the IPFS, a revolutionary peer-to-peer hypermedia protocol. It enables the creation of completely distributed applications, aiming to make the web faster, safer, and more open. This is a step away from traditional web-hosting services which often store data in centralized servers.
Shift also uses a Delegated Proof-of-Stake consensus algorithm. This particular mechanism secures the Shift network and confirms transactions quicker than the Proof-of-Work mechanism used by many other cryptocurrencies. It also provides a fair system where everyone holding SHIFT tokens can have a say in the network governance.
As of the current time, there are 14.8M SHIFT coins in circulation. The total supply of Shift is .
SHIFT coins can be purchased, sold, and traded on various crypto exchanges. Some exchanges that list Shift include Livecoin, Bittrex.
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