About Shift
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FAQ
As its whitepaper suggests, censorship and data suppression are common issues in human history. With the rise of decentralized technologies and blockchain mechanisms, a technological revolution ensured no content is easily censored. The platform aims to bring a solution to the problem and describes how a combination of storage and presentation layer can empower users and operators and provide the ability to preserve censorship-free data.
The Shift platform also solves some other difficult blockchain-based cloud-hosting issues. IPFS, a distributed file system, fails to offer a reliable way to pin and replicate the data to several nodes across a cluster of IPFS daemons. The Phoenix application uses a simple pinning interface to bridge the Shift blockchain and IPFS. The decentralized cloud hosting platforms do not assist with the same languages and tools that developers understand. The Phoenix SDK comes with lambda functions that enable developers to write and execute the custom code via trusted delegation on a global scale.
SHIFT is the official cryptocurrencythat serves utility for the ecosystem. The users with the SHIFT tokencan use the Lock n Load decentralized cloud hosting technology to receive storage space. Users can lock SHIFT to receive storage space and then permanently record the file's hash on the blockchain. Once the user is done, the tokens can be retrieved by reversing the steps. Decentralized storage places utilizing smart contractsare difficult for developers and users to understand. The platform utilizes token locking and reversible transaction to incorporate a fully automated pricing mechanism that is verifiable, fair, and efficient. The SHIFT token holders can participate in the governance by selecting appropriate delegates for Lisk-based DPoSconsensus, where 101 delegated nodes are required to oversee block forging sequentially. Also, the token weight is assigned to the pools that can enhance the power of earning.
The official whitepaperof Shift was introduced on March 5, 2018. The solid team behind the platform includes Matt Swezey, Head of Development; Rich Merrill, Senior Architect; Michael Giles, Developer; Sara Frankel, Head of Marketing; and Drew Fiore, Head of Community.
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