Shift: Core v7.0t has been released to the testnet, Reward program for those that set up a storage node and join the Phoenix testnet cluster

Paradigm
Paradigm
Jun 21 · 8 min read

Biweekly update 7th June — 21st June

Development

GitHub metrics:

The table above illustrates low development activity.

Last commits on public GitHub were made on April 16th, 2019 in shift-js repository (JavaScript library for sending Shift transactions from the client or server).

A lot of the information is private at present. Shift has also private GitHub repositories.

Developer activity (from Coinlib.io):

Shift Core v7.0t has been released to the testnet! Activation will occur next Thursday. This major release introduces the foundation of a storage-based p2p economy that thrives on the utility of the SHIFT token.

Phoenix 0.6.2 is showing its stability on the testnet cluster, which now consists of more than 30 peers!

Help the team reach a cluster size of 100 nodes so that they can study the next level of scalability!

To carry out a clean install, please read the manual here.

Ralf S (Shift President and Lead Developer) on February 1st, 2019:

“In response to the market downturn, we began minimizing team expenses a good deal of time ago. This is perhaps something that has been evident in our decision to focus on development rather than marketing. In light of that decision, we have been able to sustain progress on the Shift Project, and have the funds necessary to continue in this manner long term, if necessary.”

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

Press Release: Shift Project Public Testnet (April 18th, 2019):

Source: Shift Project website.

Werner Heisenberg (Vice-president and Operations manager) on October 23rd, 2018:

“The concept of conferences is something for the future”.

Finance

A reward program from the Shift Team:

The Shift Team will be instigating a reward program for those that set up a storage node and join the Phoenix testnet cluster. This will come in the form of 15 SHIFT (≈5 $) distributed to qualifying participants every month.

In total, 9,000 SHIFT (≈ 3000 $) will be available for distribution during the first 3 months of the Shift v7.0t roll out.

Participation is easy.

Join Shift Discord channel, setup a Phoenix node, post a private message to Shift operations manager, Heisenberg#8320, containing the peerID (public key) and public IP address of your node, and then share the mainnet wallet address you’d like to use to receive your funds. The team will be monitoring the online state of all nodes consistently in order to ensure suitable uptime.

The rules are simple. To have a valid claim to the 15 SHIFT/month reward:

✅ Uptime is measured from the 1st of each month.

✅ Max. 2 days downtime per month.

✅ Response time following the release of a new patch should be within 2 days.

✅ The first qualifying period begins next month on July 1st.

✅ Payments are sent on the 1st day of the following month.

💰 A onetime bonus of 1,000 SHIFT will be sent to a randomly selected node operator who has participated during the first qualifying month, with the prize paid on August 1st.

⚠️ These offers are not open to delegates currently forging on the Shift mainnet.

The team is also able to offer the first 100 participants in the Shift Reward Program a ‘starter bonus’ of ≈6$.

Werner Heisenberg (Vice-president and Operations manager):

Shift exchanges:

Source: Shift Project website.

Partnerships and team members

Werner Heisenberg (Vice-president and Operations manager) on June 20th, 2019:

Roadmap

From Official Discord channel:

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

“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.”

The Project Roadmap

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
  • 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.

Rumors

Reddit:

Telegram:

  • Use the Shift Bot, which provides real-time insight into the blockchain events of the Shift Project.

Social media metrics

Social media activity:

Social media dynamics:

Shift community grows slowly, social media dynamics shows that it remains virtually unchanged. There is a slight fluctuation in the number of subscribers of Shift social media channels these weeks.

Community Update: Forum transition from Ryver to Discord.

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

See also unofficial Shift Telegram News Channel.

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, December 31st, 2017).

Official Discord channel — 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: since August 17th, 2015. Discussion on FAQs, latest news, videos, exchanges etc. Last post — on June 19th, 2019.

See also unofficial Shift forum: Delegate proposals mostly.

There are also Tools for Analyze Delegates:

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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Paradigm is a family office fund investing in crypto space since 2013. We are a group of industry experts & crypto enthusiasts consisting of PhDs and graduates from the top universities with experience in creating startups, trading on traditional financial markets and blockchain

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In chaos lies the truth

Paradigm fund

Paradigm is a family office fund investing in crypto space since 2013. We are a group of industry experts & crypto enthusiasts consisting of PhDs and graduates from the top universities with experience in creating startups, trading on traditional financial markets and blockchain