Shift: Development of Proof-of-spacetime algorithm announced

Biweekly update 18th January — 1st February

This is not financial advice.

During the last two weeks, Shift team made great progress with development. Shift first pair of LOCK and UNLOCK transactions have been successfully signed, broadcast and forged using Shift’s dev network, the first IPFS hash was pinned and successfully added to the Shift. For now, the team has, with the exception of expanding the block format to contain the network statistics requested from the Phoenix storage layer, essentially completed all the work on the blockchain integration. The next development milestone will focus on a Proof-of-Spacetime algorithm. As for social encounters, the team is still fully focused on development, as Shift vice-president Werner Heisenberg mentioned: “The concept of conferences is something for the future”. Shift community grows slowly, social media dynamics shows that it remains virtually unchanged. These weeks the number of subscribers of Shift social media channels slightly decreased. And the last, but not the least — SHIFT has been one of the best gainers of last week.

Development

GitHub metrics

There is also a private GitHub repository.

Developer activity (from Coinlib.io)
Source: @ShiftNrg.
  • 22nd January 2019: Another step closer to the blockchain integration of Phoenix: the first IPFS hash was pinned and successfully added to the Shift.
Source: @ShiftNrg.

From Official Discord channel:

Werner Heisenberg (Vice-president / Operations manager) on 1st February 2019:

“Here is a short update on our progress:

We have now, with the exception of expanding the block format to contain the network statistics requested from the Phoenix storage layer, essentially completed all the work on the blockchain integration. This has allowed us to test our software with edge-case scenarios on our development network. This is in order to ensure that the verification process of LOCK/UNLOCK and PIN/UNPIN transactions is reliable before the testnet release. Once this and the block format expansion is done, we’ll be able to announce our release date.”

From Official Ryver chat:

Ralf S (Shift President and Lead Developer) on December 20th 2018:

“Still making progress on the backend every day. But I admit it’s an awful lot of work. We’ve received various request in DM to show something to the public. But it’s mainly code work we’re doing now, no eye candy.
But I guess I can share a bit of what we’re working on right now. I will paste some screens in our Discord channel.

Social encounters

From Official Telegram Group: Werner Heisenberg (Vice-president / Operations manager): “The concept of conferences is something for the future”.

Finance

Reddit — SHIFT has been one of the best gainers of this week (21st January 2019).

Partnerships and team members

No updates.

Roadmap

October 17, 2018: The Shift Team has updated the Project Roadmap with new features and information, with translations to follow soon.

Development:

100% completed:

  • Proof of Concept: New Shift Website
  • Introductory White Paper (First of Four)
  • Storage Cluster Optimization
  • Hydra Decentralized CMS: Pre-Alpha Release
  • Shift Core 6.7.1t
  • Shift Core 6.7.2t
  • Shift Core 6.7.3t: Block Reward Division
  • Shift Core 6.8.0t
  • Shift Core 6.8.1t: dApp Ready
  • Decentralized Blockchain Explorer
  • Shift Core 6.7.1: Emergency Patch
  • Shift Core 6.8.2t
  • Shift Core 6.8.2
  • Fully Stable Sidechain

Hydra Decentralized CMS: Alpha Release — Q2, 83% completed.

Phoenix — Q4, 90% completed. Priority.

Blockchain Integration with Phoenix — Q4, 83% completed. Priority.

Nano Wallet Update v2.0.0 — Q4, 33% completed. Priority.

Atomic Swaps — TBD, 0% completed. New.

New Shift Core: New Consensus Algorithm — TBD, 37% completed. 
Phoenix Websocket Communication — TBD, 0% completed.

Decentralized Cluster Consensus — TBD, 5% completed.

Improved Shift Chain — TBD, 33% completed.

New Shift Website — TBD, 50% completed.

Public awareness:

100% completed:

  • Animation Series: Blockchain
  • Collaboration: Coins and Steel
  • Screencast: Phantom dApp Quickstart Guide

Shift Project Progress Report — Q4, 80% completed. New.

Partnership: To Be Revealed — Q4, 0% completed. New.

Phoenix Pilot Program — Q4, 0% completed. New.

Screencast: Decentralized Storage Solution — Q4, 0% completed. New.

Applying for New Exchange Listings — TBD, 0% completed. New.

Introductory Business White Paper — TBD, 90% completed.

Financial White Paper — TBD, 0% completed.

From Official Discord channel:

1st February 2019 — Werner Heisenberg (Vice-president / Operations manager):

“The next development milestone will focus on a Proof-of-Spacetime algorithm that is used to verify whether storage providers are hosting the content they should be hosting. Based on those results storage providers will be rewarded (at the blockchain level) for their services.”

Rumors

No updates.

Social media metrics

Social media activity
Social media dynamics
Social media dynamics

Telegram — Discussion about updates, voting, marketing and coding.

Facebook (since March 2016) — announcements, 10–30 likes, 1–2 shares.

Twitter (since February 2016) — Average number of retweets is 25–50 for one post (tweet about new decentralized website got 351 retweets, 31 December 2017).

Ryver — discussion on voting, roadmap, and bounties.

Reddit — The longest thread in 2018 is about 1 million stolen Shift from the team’s dev fund (it has 29 comments).

Information from Cryptocompare.com

Bitcointalk.org — Last post — on December 22nd, 2018: FAQs, latest news, videos, exchanges etc.

New communication channel — Discord (since October 2018).

The graph above shows the dynamics of changes in the number of Shift Reddit subscribers, Twitter followers and Facebook likes. The information is taken from Coingecko.com.


This is not financial advice.

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