Paradigm
Paradigm
Jul 19 · 7 min read

Biweekly update 21st June — 5th July

Hello, Shifters! Unfortunally, there was no essential news for you these weeks! In our previous report, we told you about Shift Core v7.0t activation. This major release introduced the foundation of a storage-based p2p economy that thrives on the utility of the SHIFT token. Storage capacity is managed by Lock transactions that use an in-built pricing mechanism, while Pins on the blockchain permanently save data to the Phoenix IPFS Cluster, all in a trustless fashion. Shortly after the launch, the team released an interactive storage demo that allows any user to experiment with the functionality by which Shift is reinventing decentralized cloud hosting. They also were instigating a reward program for those that set up a storage node and join the Phoenix testnet cluster. As for marketing and 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”. The community of shifters continues to grow 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. More to follow. We hope to see some great updates from the team in the coming weeks! As Ralf S mentioned yesterday, the latest Phoenix update was successful and the team is preparing a testnet update now, so they can vote the delegates back in asap. Stats are looking good! Stay tuned for a seamless user experience, integrating IPFS with the innovation of the crypto space!

Development

GitHub metrics:

The table above illustrates low development activity.

Last commits on public GitHub were made on June 23th, 2019 in shift-explorer repository (this repository contains the code for the explorer of the Shift blockchain).

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

Developer activity (from Coinlib.io):

At the end of June Shift Core v7.0t was successfully activated.

The Shift demo was complete and ready to disrupt the decentralized hosting experience.

Public access will come following the release of the newest Phoenix version, that is now undergoing finishing touches. To all operators running a Phoenix node, please remain on standby.

Ralf S (Shift President and Lead Developer) on July 18th, 2019:


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

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 is 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.


Shift exchanges:

Information from Coinmarketcap.com:

Partnerships and team members

Werner Heisenberg (Vice-president and Operations manager) on June 20th, 219:

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
  • 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.

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.

Official Discord channel — Discussion on voting, roadmap, and bounties.

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).

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

Bitcointalk.org: since August 17th, 2015. Discussion on FAQs, latest news, videos, exchanges etc.

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 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

Paradigm

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Paradigm

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

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