Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.037USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
5.007SP
├── Own SP
0.636SP
└── Incoming Deleg
+4.371SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.636SP
Delegated Out
0.000SP
Delegation In
4.371SP
Effective Power
5.007SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1035.046815 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7108.612991 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namecurrypto
id206628
rank1,017,907
reputation26797728
created2017-06-19T17:25:15
recovery_accountsteem
proxyNone
post_count1
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2017-08-02T01:32:06
last_root_post2017-08-02T01:32:06
last_vote_time2017-08-02T01:32:06
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1035.046815 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7108.612991 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "active": {
    "account_auths": [],
    "key_auths": [
      [
        "STM7ZFRB8U2tASkNA38rG5Gatus2pT97z2JHCt5EGoScbLyzoHu9T",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "balance": "0.000 STEEM",
  "can_vote": true,
  "comment_count": 0,
  "created": "2017-06-19T17:25:15",
  "curation_rewards": 0,
  "delegated_vesting_shares": "0.000000 VESTS",
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779059115
  },
  "guest_bloggers": [],
  "id": 206628,
  "json_metadata": "",
  "last_account_recovery": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_post": "2017-08-02T01:32:06",
  "last_root_post": "2017-08-02T01:32:06",
  "last_vote_time": "2017-08-02T01:32:06",
  "lifetime_vote_count": 0,
  "market_history": [],
  "memo_key": "STM8bXnj1VLZcG9XrSjB7mH9UhBVEYNjRGD79uh1NCpgeNRUjtwHb",
  "mined": false,
  "name": "currypto",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "other_history": [],
  "owner": {
    "account_auths": [],
    "key_auths": [
      [
        "STM5rGcKncjXjfjgiZFUKzdD7q4juiC75saop1JJJg9D4zvYWVgGy",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "pending_claimed_accounts": 0,
  "post_bandwidth": 0,
  "post_count": 1,
  "post_history": [],
  "posting": {
    "account_auths": [],
    "key_auths": [
      [
        "STM7RVgCwNwCYTHn8g8xAEy7ercdjk8DTwUYYsYL9CmRzA9kXK5FB",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "posting_json_metadata": "",
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "proxy": "",
  "received_vesting_shares": "7108.612991 VESTS",
  "recovery_account": "steem",
  "reputation": 26797728,
  "reset_account": "null",
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "sbd_balance": "0.000 SBD",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "tags_usage": [],
  "to_withdraw": 0,
  "transfer_history": [],
  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "1035.046815 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779059115
  },
  "voting_power": 0,
  "withdraw_routes": 0,
  "withdrawn": 0,
  "witness_votes": [],
  "witnesses_voted_for": 0,
  "rank": 1017907
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.371 SP to @currypto
2026/05/17 23:05:15
delegateecurrypto
delegatorsteem
vesting shares7108.612991 VESTS
Transaction InfoBlock #106142056/Trx f6a38f95ae47af1efee593298fddf361d0b439ee
View Raw JSON Data
{
  "block": 106142056,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "7108.612991 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-17T23:05:15",
  "trx_id": "f6a38f95ae47af1efee593298fddf361d0b439ee",
  "trx_in_block": 0,
  "virtual_op": 0
}
steemdelegated 2.703 SP to @currypto
2026/05/11 23:10:06
delegateecurrypto
delegatorsteem
vesting shares4396.402586 VESTS
Transaction InfoBlock #105970117/Trx 8bf5abf0c8bec9e72c9c356a4c8470df337a19b5
View Raw JSON Data
{
  "block": 105970117,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "4396.402586 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-11T23:10:06",
  "trx_id": "8bf5abf0c8bec9e72c9c356a4c8470df337a19b5",
  "trx_in_block": 0,
  "virtual_op": 0
}
steemdelegated 4.379 SP to @currypto
2026/04/25 22:28:09
delegateecurrypto
delegatorsteem
vesting shares7121.128747 VESTS
Transaction InfoBlock #105509743/Trx 0cf26ae00e740f56d0bed152fdadb5071eb0ff28
View Raw JSON Data
{
  "block": 105509743,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "7121.128747 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-04-25T22:28:09",
  "trx_id": "0cf26ae00e740f56d0bed152fdadb5071eb0ff28",
  "trx_in_block": 0,
  "virtual_op": 0
}
steemdelegated 2.729 SP to @currypto
2026/01/23 04:41:30
delegateecurrypto
delegatorsteem
vesting shares4437.949405 VESTS
Transaction InfoBlock #102848086/Trx adec9905a7b1d6ef1300a9a662d7da6b1a42f736
View Raw JSON Data
{
  "block": 102848086,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "4437.949405 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-01-23T04:41:30",
  "trx_id": "adec9905a7b1d6ef1300a9a662d7da6b1a42f736",
  "trx_in_block": 0,
  "virtual_op": 0
}
steemdelegated 2.830 SP to @currypto
2024/12/17 00:00:48
delegateecurrypto
delegatorsteem
vesting shares4602.168602 VESTS
Transaction InfoBlock #91294496/Trx 9e49efa131ee8164f355335c04221f9309a91147
View Raw JSON Data
{
  "block": 91294496,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "4602.168602 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2024-12-17T00:00:48",
  "trx_id": "9e49efa131ee8164f355335c04221f9309a91147",
  "trx_in_block": 8,
  "virtual_op": 0
}
steemdelegated 2.934 SP to @currypto
2023/11/13 15:45:00
delegateecurrypto
delegatorsteem
vesting shares4771.302134 VESTS
Transaction InfoBlock #79848736/Trx 968e77239c7a6d6dc5f2f1b48073b93294854a3e
View Raw JSON Data
{
  "block": 79848736,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "4771.302134 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-11-13T15:45:00",
  "trx_id": "968e77239c7a6d6dc5f2f1b48073b93294854a3e",
  "trx_in_block": 2,
  "virtual_op": 0
}
steemdelegated 4.740 SP to @currypto
2023/09/21 20:27:54
delegateecurrypto
delegatorsteem
vesting shares7708.580920 VESTS
Transaction InfoBlock #78346197/Trx 585568688ae3a818a861c13970e845d89587afb2
View Raw JSON Data
{
  "block": 78346197,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "7708.580920 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-09-21T20:27:54",
  "trx_id": "585568688ae3a818a861c13970e845d89587afb2",
  "trx_in_block": 1,
  "virtual_op": 0
}
steemdelegated 4.876 SP to @currypto
2022/11/03 10:25:48
delegateecurrypto
delegatorsteem
vesting shares7930.262358 VESTS
Transaction InfoBlock #69111741/Trx a48f8de619653f0e29503ed21f222b26975ece74
View Raw JSON Data
{
  "block": 69111741,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "7930.262358 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-11-03T10:25:48",
  "trx_id": "a48f8de619653f0e29503ed21f222b26975ece74",
  "trx_in_block": 0,
  "virtual_op": 0
}
steemdelegated 5.012 SP to @currypto
2022/01/17 09:48:03
delegateecurrypto
delegatorsteem
vesting shares8150.795589 VESTS
Transaction InfoBlock #60808035/Trx 8d8e0b8c43acaeb9d95e3a1ce23b08b2e2686fbd
View Raw JSON Data
{
  "block": 60808035,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8150.795589 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-17T09:48:03",
  "trx_id": "8d8e0b8c43acaeb9d95e3a1ce23b08b2e2686fbd",
  "trx_in_block": 2,
  "virtual_op": 0
}
steemdelegated 5.125 SP to @currypto
2021/06/13 23:45:57
delegateecurrypto
delegatorsteem
vesting shares8334.564247 VESTS
Transaction InfoBlock #54606479/Trx 8c646dabe14d65de66a9f58f7cbb350cd6a1623e
View Raw JSON Data
{
  "block": 54606479,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8334.564247 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-06-13T23:45:57",
  "trx_id": "8c646dabe14d65de66a9f58f7cbb350cd6a1623e",
  "trx_in_block": 6,
  "virtual_op": 0
}
steemdelegated 5.240 SP to @currypto
2020/12/11 10:06:33
delegateecurrypto
delegatorsteem
vesting shares8521.986221 VESTS
Transaction InfoBlock #49353982/Trx 4ee3207fdf06344d92854a4b9eb6df5595d692cd
View Raw JSON Data
{
  "block": 49353982,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8521.986221 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-11T10:06:33",
  "trx_id": "4ee3207fdf06344d92854a4b9eb6df5595d692cd",
  "trx_in_block": 3,
  "virtual_op": 0
}
steemdelegated 1.176 SP to @currypto
2020/12/06 03:43:42
delegateecurrypto
delegatorsteem
vesting shares1912.543513 VESTS
Transaction InfoBlock #49205546/Trx ea69abb2666f68f37a5753a9237c13cc8f498055
View Raw JSON Data
{
  "block": 49205546,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "1912.543513 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-06T03:43:42",
  "trx_id": "ea69abb2666f68f37a5753a9237c13cc8f498055",
  "trx_in_block": 2,
  "virtual_op": 0
}
steemdelegated 5.244 SP to @currypto
2020/12/05 11:40:57
delegateecurrypto
delegatorsteem
vesting shares8528.352860 VESTS
Transaction InfoBlock #49186653/Trx 413b05cbf49af96c238533b696f7ad59f5a31964
View Raw JSON Data
{
  "block": 49186653,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8528.352860 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-05T11:40:57",
  "trx_id": "413b05cbf49af96c238533b696f7ad59f5a31964",
  "trx_in_block": 5,
  "virtual_op": 0
}
steemdelegated 1.181 SP to @currypto
2020/11/02 13:21:57
delegateecurrypto
delegatorsteem
vesting shares1920.017158 VESTS
Transaction InfoBlock #48255128/Trx 2bb1175e87a8a921951d8b07abe1e9b2ea604bc1
View Raw JSON Data
{
  "block": 48255128,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "1920.017158 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-11-02T13:21:57",
  "trx_id": "2bb1175e87a8a921951d8b07abe1e9b2ea604bc1",
  "trx_in_block": 3,
  "virtual_op": 0
}
steemdelegated 5.368 SP to @currypto
2020/05/09 04:39:57
delegateecurrypto
delegatorsteem
vesting shares8730.999434 VESTS
Transaction InfoBlock #43215780/Trx e8e7f46783c38931908a36ee00bf47cc77f6e194
View Raw JSON Data
{
  "block": 43215780,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8730.999434 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-09T04:39:57",
  "trx_id": "e8e7f46783c38931908a36ee00bf47cc77f6e194",
  "trx_in_block": 16,
  "virtual_op": 0
}
steemdelegated 1.201 SP to @currypto
2020/05/08 08:06:36
delegateecurrypto
delegatorsteem
vesting shares1953.311140 VESTS
Transaction InfoBlock #43191689/Trx c471402737876a3fa11c1ca48ce4abf0fa9d0b2f
View Raw JSON Data
{
  "block": 43191689,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "1953.311140 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-08T08:06:36",
  "trx_id": "c471402737876a3fa11c1ca48ce4abf0fa9d0b2f",
  "trx_in_block": 10,
  "virtual_op": 0
}
steemdelegated 5.376 SP to @currypto
2020/04/15 20:56:39
delegateecurrypto
delegatorsteem
vesting shares8743.976853 VESTS
Transaction InfoBlock #42561780/Trx 5116bdc06982e4a87bae4dabea6024abc23339a7
View Raw JSON Data
{
  "block": 42561780,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "currypto",
      "delegator": "steem",
      "vesting_shares": "8743.976853 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-04-15T20:56:39",
  "trx_id": "5116bdc06982e4a87bae4dabea6024abc23339a7",
  "trx_in_block": 7,
  "virtual_op": 0
}
2019/06/19 18:40:39
authorsteemitboard
bodyCongratulations @currypto! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@currypto/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@currypto) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=currypto)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png"></a></td><td><a href="https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed">SteemitBoard - Witness Update</a></td></tr><tr><td><a href="https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmUphCGZFWgt6bJ1XTtunV7esnwy6bxnGqcLcHAV3NEqnQ/meetup-rocky-mountain.png"></a></td><td><a href="https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge">Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
parent authorcurrypto
parent permlinkshift-an-ipfs-based-cryptocurrency
permlinksteemitboard-notify-currypto-20190619t184038000z
title
Transaction InfoBlock #33943108/Trx 7f7542cf798f1da6ba403a140011ee38df303cbc
View Raw JSON Data
{
  "block": 33943108,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @currypto! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@currypto/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@currypto) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=currypto)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png\"></a></td><td><a href=\"https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed\">SteemitBoard - Witness Update</a></td></tr><tr><td><a href=\"https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmUphCGZFWgt6bJ1XTtunV7esnwy6bxnGqcLcHAV3NEqnQ/meetup-rocky-mountain.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge\">Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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steemdelegated 5.497 SP to @currypto
2019/05/12 14:11:24
delegateecurrypto
delegatorsteem
vesting shares8939.599658 VESTS
Transaction InfoBlock #32844631/Trx 53578bc163abaa157b42c369eaf991cc86c44c19
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2018/06/26 09:18:18
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
votersupere989
weight10000 (100.00%)
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2018/06/19 18:49:39
authorsteemitboard
bodyCongratulations @currypto! You have received a personal award! [![](https://steemitimages.com/70x70/http://steemitboard.com/@currypto/birthday1.png)](http://steemitboard.com/@currypto) 1 Year on Steemit <sub>_Click on the badge to view your Board of Honor._</sub> **Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-iran-vs-spain) from @steemitboard!** --- **Participate in the [SteemitBoard World Cup Contest](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-collect-badges-and-win-free-sbd)!** Collect World Cup badges and win free SBD Support the Gold Sponsors of the contest: [@good-karma](https://v2.steemconnect.com/sign/account-witness-vote?witness=good-karma&approve=1) and [@lukestokes](https://v2.steemconnect.com/sign/account-witness-vote?witness=lukestokes.mhth&approve=1) --- > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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permlinksteemitboard-notify-currypto-20180619t184941000z
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Transaction InfoBlock #23466130/Trx 6d198b0cb744867ed60e408201f613ba9ca865c1
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steemdelegated 5.619 SP to @currypto
2018/05/16 20:12:30
delegateecurrypto
delegatorsteem
vesting shares9139.152093 VESTS
Transaction InfoBlock #22489751/Trx 7eb9596ff29b6820913e9685d5bc27f1bc766b78
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2018/03/06 04:15:54
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
voterendercase
weight10000 (100.00%)
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2018/01/13 09:18:36
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
voterzeitspringer
weight10000 (100.00%)
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steemdelegated 18.255 SP to @currypto
2018/01/09 06:36:45
delegateecurrypto
delegatorsteem
vesting shares29690.142477 VESTS
Transaction InfoBlock #18819535/Trx 4722afbde22424a416cc748f6fee9859d6f3c9a8
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2017/12/02 00:00:24
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
votertechsys
weight10000 (100.00%)
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2017/10/08 00:17:12
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
voterlapingvino
weight10000 (100.00%)
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steemdelegated 18.410 SP to @currypto
2017/08/04 05:17:57
delegateecurrypto
delegatorsteem
vesting shares29940.953185 VESTS
Transaction InfoBlock #14271437/Trx 22136ba7068d1bf2d99a68b7850bb7ba56268703
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2017/08/02 03:51:27
authorsteemitboard
bodyCongratulations @currypto! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png)](http://steemitboard.com/@currypto) You published your First Post [![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvote.png)](http://steemitboard.com/@currypto) You made your First Vote [![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@currypto) You got a First Vote Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard) If you no longer want to receive notifications, reply to this comment with the word `STOP` > By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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Transaction InfoBlock #14212142/Trx 8cbde1202960b747ba31e9c2a032db03062143be
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2017/08/02 02:01:00
authorcurrypto
permlinkshift-an-ipfs-based-cryptocurrency
votercharlesarthuriii
weight10000 (100.00%)
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2017/08/02 01:46:57
authorcurrypto
body# Shift - An IPFS-based Cryptocurrency This coin was brought to my attention by "Blue trade", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as "the one", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about. ## What Shift is and is not. I figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having "information" all over it. ![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png) ![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png) At first it looks amazing and informative, but the key is in the details. Lets break these points down. 1. Peer-2-peer data storage - using IPFS IPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers. 2. "Monetization of user-created content is seamless" If people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example. 3. "No single point of failure and no single provider to censor." Ties back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. 4. Turing-complete blockchain Shift is not turing complete like Ethereum is. There is no network-wide virtual machine running. 5. Decentralized marketplaces Implying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites. 6. Uncensorable social media Once again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift. 7. Identity and reputation - "Permanently embedded [...] to make it tamper-proof"Like what every other cryptocurreny can already do? 8. "The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better." Well at least the Shift team have a positive outlook on their future. At this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. Really the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations. In all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code. ## Source code under the magnifying glass There are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications. The source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this: ![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png) In no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. Their Phantom IPFS client is running on a testnet with a proof of concept "DApp" running. This is not a distributed application like what Ethereum offers. They call it a "DApp" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page. ## A developers answers me One particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked: 1\. How is Shift tied to IPFS > Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain). This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's. The next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain. He does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork. 2\. How does Shift distribute to hosts? > Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain. Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading. Here I meant how does Shift distribute its tokens for redundancy storage. He responds: > "Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?" You can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike) So manual redundancy and full copy redundancy. Shift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame. 3\. Does the Shift network make use of the current IPFS network, or its own? > The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too. If we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet. Vague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says: > "Well that's only if IPFS accepts the changes Shift team is doing, right?" We built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes. We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS. So yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together. 4\. Do those delegates even have the CPU power to handle every transaction on the network? > Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq? @mq responds: > regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load > however transaction processing will be rewritten soon I ask: > How long does it take to process 1 block @mq: > on average less that 1 second Honestly I don't know what to make of this, and can only assume "this is ok". ## Final words Shift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency. This article is brought to you by http://currypto.club, a premium information service in regards to cryptocurrencies. Like it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.
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permlinkshift-an-ipfs-based-cryptocurrency
titleShift - An IPFS-based Cryptocurrency
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      "author": "currypto",
      "body": "# Shift - An IPFS-based Cryptocurrency\n\nThis coin was brought to my attention by \"Blue trade\", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as \"the one\", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about.\n\n## What Shift is and is not.\n\nI figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having \"information\" all over it. \n\n![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png)\n![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png)\n\nAt first it looks amazing and informative, but the key is in the details. Lets break these points down.\n\n1. Peer-2-peer data storage - using IPFS\nIPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers.\n\n2. \"Monetization of user-created content is seamless\"\nIf people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example.\n\n3. \"No single point of failure and no single provider to censor.\"\nTies back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. \n\n4. Turing-complete blockchain\nShift is not turing complete like Ethereum is. There is no network-wide virtual machine running.\n\n5. Decentralized marketplaces\nImplying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites.\n\n6. Uncensorable social media\nOnce again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift.\n\n7. Identity and reputation - \"Permanently embedded [...] to make it tamper-proof\"Like what every other cryptocurreny can already do?\n\n8. \"The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better.\"\nWell at least the Shift team have a positive outlook on their future.\n\nAt this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. \nReally the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations.\n\nIn all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code.\n\n## Source code under the magnifying glass\n\nThere are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications.\n\nThe source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this:\n\n![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png)\n\nIn no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. \n\nTheir Phantom IPFS client is running on a testnet with a proof of concept \"DApp\" running. This is not a distributed application like what Ethereum offers. They call it a \"DApp\" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page.\n\n## A developers answers me\n\nOne particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked:\n\n1\\. How is Shift tied to IPFS\n> Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain).  This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's.\nThe next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain.  \n\nHe does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork.\n\n2\\. How does Shift distribute to hosts?\n> Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain.  Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading.\n\nHere I meant how does Shift distribute its tokens for redundancy storage. He responds:\n\n> \"Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?\"\nYou can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike)\n\nSo manual redundancy and full copy redundancy.\n\nShift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame.\n\n3\\. Does the Shift network make use of the current IPFS network, or its own?\n> The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too.\nIf we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet.\n\nVague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says:\n\n> \"Well that's only if IPFS accepts the changes Shift team is doing, right?\"\nWe built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes.  We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS.\n\nSo yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together.\n\n4\\. Do those delegates even have the CPU power to handle every transaction on the network?\n> Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq?\n\n@mq responds: \n> regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load\n> however transaction processing will be rewritten soon\n\nI ask:\n> How long does it take to process 1 block\n\n@mq:\n> on average less that 1 second\n\nHonestly I don't know what to make of this, and can only assume \"this is ok\".\n\n## Final words\nShift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency.\n\nThis article is brought to you by http://currypto.club, a premium information service in regards to cryptocurrencies.\n\nLike it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.",
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2017/08/02 01:41:39
authorcurrypto
body# Shift - An IPFS-based Cryptocurrency This coin was brought to my attention by "Blue trade", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as "the one", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about. ## What Shift is and is not. I figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having "information" all over it. ![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png) ![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png) At first it looks amazing and informative, but the key is in the details. Lets break these points down. 1. Peer-2-peer data storage - using IPFS IPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers. 2. "Monetization of user-created content is seamless" If people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example. 3. "No single point of failure and no single provider to censor." Ties back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. 4. Turing-complete blockchain Shift is not turing complete like Ethereum is. There is no network-wide virtual machine running. 5. Decentralized marketplaces Implying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites. 6. Uncensorable social media Once again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift. 7. Identity and reputation - "Permanently embedded [...] to make it tamper-proof"Like what every other cryptocurreny can already do? 8. "The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better." Well at least the Shift team have a positive outlook on their future. At this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. Really the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations. In all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code. ## Source code under the magnifying glass There are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications. The source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this: ![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png) In no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. Their Phantom IPFS client is running on a testnet with a proof of concept "DApp" running. This is not a distributed application like what Ethereum offers. They call it a "DApp" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page. ## A developers answers me One particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked: 1\. How is Shift tied to IPFS > Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain). This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's. The next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain. He does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork. 2\. How does Shift distribute to hosts? > Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain. Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading. Here I meant how does Shift distribute its tokens for redundancy storage. He responds: > "Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?" You can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike) So manual redundancy and full copy redundancy. Shift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame. 3\. Does the Shift network make use of the current IPFS network, or its own? > The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too. If we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet. Vague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says: > "Well that's only if IPFS accepts the changes Shift team is doing, right?" We built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes. We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS. So yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together. 4\. Do those delegates even have the CPU power to handle every transaction on the network? > Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq? @mq responds: > regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load > however transaction processing will be rewritten soon I ask: > How long does it take to process 1 block @mq: > on average less that 1 second Honestly I don't know what to make of this, and can only assume "this is ok". ## Final words Shift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency. This article is brought to you by http://currypto.club, a premium information service in regards to cryptocurrencies. Like it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.
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permlinkshift-an-ipfs-based-cryptocurrency
titleShift - An IPFS-based Cryptocurrency
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      "author": "currypto",
      "body": "# Shift - An IPFS-based Cryptocurrency\n\nThis coin was brought to my attention by \"Blue trade\", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as \"the one\", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about.\n\n## What Shift is and is not.\n\nI figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having \"information\" all over it. \n\n![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png)\n![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png)\n\nAt first it looks amazing and informative, but the key is in the details. Lets break these points down.\n\n1. Peer-2-peer data storage - using IPFS\nIPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers.\n\n2. \"Monetization of user-created content is seamless\"\nIf people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example.\n\n3. \"No single point of failure and no single provider to censor.\"\nTies back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. \n\n4. Turing-complete blockchain\nShift is not turing complete like Ethereum is. There is no network-wide virtual machine running.\n\n5. Decentralized marketplaces\nImplying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites.\n\n6. Uncensorable social media\nOnce again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift.\n\n7. Identity and reputation - \"Permanently embedded [...] to make it tamper-proof\"Like what every other cryptocurreny can already do?\n\n8. \"The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better.\"\nWell at least the Shift team have a positive outlook on their future.\n\nAt this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. \nReally the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations.\n\nIn all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code.\n\n## Source code under the magnifying glass\n\nThere are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications.\n\nThe source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this:\n\n![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png)\n\nIn no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. \n\nTheir Phantom IPFS client is running on a testnet with a proof of concept \"DApp\" running. This is not a distributed application like what Ethereum offers. They call it a \"DApp\" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page.\n\n## A developers answers me\n\nOne particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked:\n\n1\\. How is Shift tied to IPFS\n> Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain).  This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's.\nThe next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain.  \n\nHe does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork.\n\n2\\. How does Shift distribute to hosts?\n> Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain.  Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading.\n\nHere I meant how does Shift distribute its tokens for redundancy storage. He responds:\n\n> \"Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?\"\nYou can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike)\n\nSo manual redundancy and full copy redundancy.\n\nShift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame.\n\n3\\. Does the Shift network make use of the current IPFS network, or its own?\n> The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too.\nIf we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet.\n\nVague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says:\n\n> \"Well that's only if IPFS accepts the changes Shift team is doing, right?\"\nWe built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes.  We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS.\n\nSo yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together.\n\n4\\. Do those delegates even have the CPU power to handle every transaction on the network?\n> Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq?\n\n@mq responds: \n> regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load\n> however transaction processing will be rewritten soon\n\nI ask:\n> How long does it take to process 1 block\n\n@mq:\n> on average less that 1 second\n\nHonestly I don't know what to make of this, and can only assume \"this is ok\".\n\n## Final words\nShift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency.\n\nThis article is brought to you by http://currypto.club, a premium information service in regards to cryptocurrencies.\n\nLike it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.",
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2017/08/02 01:33:30
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2017/08/02 01:33:00
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bodyHi. I am a volunteer bot for @resteembot that upvoted you. Your post was chosen at random, as part of the advertisment campaign for @resteembot. @resteembot is meant to help minnows get noticed by re-steeming their posts ----- To use the bot, one must follow it for at least 3 hours, and then make a transaction where the memo is the url of the post. If you want to learn more - [read the introduction post of @resteembot](https://steemit.com/resteembot/@resteembot/how-to-use-resteembot). If you want help spread the word - [read the advertisment program post](https://steemit.com/resteembot/@resteembot/how-to-help-resteem-bot-spread-the-word). ----- Steem ON!
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2017/08/02 01:33:00
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2017/08/02 01:32:06
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2017/08/02 01:32:06
authorcurrypto
body# Shift - An IPFS-based Cryptocurrency This coin was brought to my attention by "Blue trade", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as "the one", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about. ## What Shift is and is not. I figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having "information" all over it. ![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png) ![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png) At first it looks amazing and informative, but the key is in the details. Lets break these points down. 1. Peer-2-peer data storage - using IPFS IPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers. 2. "Monetization of user-created content is seamless" If people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example. 3. "No single point of failure and no single provider to censor." Ties back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. 4. Turing-complete blockchain Shift is not turing complete like Ethereum is. There is no network-wide virtual machine running. 5. Decentralized marketplaces Implying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites. 6. Uncensorable social media Once again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift. 7. Identity and reputation - "Permanently embedded [...] to make it tamper-proof"Like what every other cryptocurreny can already do? 8. "The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better." Well at least the Shift team have a positive outlook on their future. At this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. Really the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations. In all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code. ## Source code under the magnifying glass There are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications. The source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this: ![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png) In no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. Their Phantom IPFS client is running on a testnet with a proof of concept "DApp" running. This is not a distributed application like what Ethereum offers. They call it a "DApp" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page. ## A developers answers me One particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked: 1\. How is Shift tied to IPFS > Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain). This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's. The next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain. He does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork. 2\. How does Shift distribute to hosts? > Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain. Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading. Here I meant how does Shift distribute its tokens for redundancy storage. He responds: > "Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?" You can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike) So manual redundancy and full copy redundancy. Shift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame. 3\. Does the Shift network make use of the current IPFS network, or its own? > The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too. If we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet. Vague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says: > "Well that's only if IPFS accepts the changes Shift team is doing, right?" We built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes. We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS. So yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together. 4\. Do those delegates even have the CPU power to handle every transaction on the network? > Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq? @mq responds: > regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load > however transaction processing will be rewritten soon I ask: > How long does it take to process 1 block @mq: > on average less that 1 second Honestly I don't know what to make of this, and can only assume "this is ok". ## Final words Shift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency. This article is brought to you buy http://currypto.club, a premium information service in regards to cryptocurrencies. Like it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.
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      "body": "# Shift - An IPFS-based Cryptocurrency\n\nThis coin was brought to my attention by \"Blue trade\", who was going by an alternative name a few weeks ago. They were persistent on pushing Shift as \"the one\", as most of these pumper-users do. Shift is marketed as the next Ethereum, Sia, and Bitcoin all in one nice package. Words like DApp, proof-of-stake, forging, and smart contracts are thrown around in its presence. Out of skepticsm I decide to investigate what this is all about.\n\n## What Shift is and is not.\n\nI figure the best way to know what Shift really does is to go to their website and use Google. Their website is not very informative, despite having \"information\" all over it. \n\n![](https://steemitimages.com/DQmRvmUkBjtAJWMacWKfEviPUBmG9gySmaj341vVxJVQU1n/image.png)\n![](https://steemitimages.com/DQmbVGzMSST4YkxwR94shZsrS2J5rBshioDcAjSFGAAiVaP/image.png)\n\nAt first it looks amazing and informative, but the key is in the details. Lets break these points down.\n\n1. Peer-2-peer data storage - using IPFS\nIPFS is a distributed file system that is typically setup in a peer-to-peer (p2p) configuration. So Shift uses IPFS to store data. How does it enforce users to keep data? How is data replicated for redundancy? Right now IPFS is a completely free network/storage solution run by volunteers.\n\n2. \"Monetization of user-created content is seamless\"\nIf people are just paying for anything with Shift, it's no different than paying with Bitcoin or any other cryptocurrency. They are saying since you store data on the Shift network (which is just regular IPFS...) and you must pay to store it there and download it, this is monetization of whatever you have stored. This could be a video or software for example.\n\n3. \"No single point of failure and no single provider to censor.\"\nTies back to point 1 - using IPFS, and has nothing to do with Shift itself. In fact, there is nothing stopping your IPFS host from dropping your data. This is true of any storage solution in existence, but alternatives (Sia) have solved this issue through incentives. \n\n4. Turing-complete blockchain\nShift is not turing complete like Ethereum is. There is no network-wide virtual machine running.\n\n5. Decentralized marketplaces\nImplying that markets can be hosted on the IPFS network. Why Shift matters here... not sure. If anything, Shift users will have to pay to access these IPFS/Shift marketplace websites.\n\n6. Uncensorable social media\nOnce again not true. Hosts can decide to drop media they do not like. And once again, IPFS specific and nothing to do with Shift.\n\n7. Identity and reputation - \"Permanently embedded [...] to make it tamper-proof\"Like what every other cryptocurreny can already do?\n\n8. \"The new web is versatile and adaptable. Anything that can be done on the world wide web, we can do better.\"\nWell at least the Shift team have a positive outlook on their future.\n\nAt this point I have no clue why Shift even exists. The project is IPFS/Shift, or as I've recently taken to calling it, IPFS plus Shift. Why not IPFS plus Bitcoin? IPFS plus Ethereum? Now that would be a crazy combination to see come to life. \nReally the only way I can see Shift surviving is if they merge themselves with the IPFS project. It's necessary to do this to enforce storage payments. Another major problem I thought of is, what happens when users just want to use free IPFS nodes? Then Shift really won't have any use. They would have to use specific Shift nodes for payment-related operations.\n\nIn all my confusion, I figure the best course of action is to ask the Shift developers themselves what exactly Shift is for and how it works. While waiting for responses, I dig a little into Shift's source code.\n\n## Source code under the magnifying glass\n\nThere are currently two big projects under the Shift name: Shift the cryptocurrency; and Phantom the IPFS GUI client. Phantom uses Shift to pay and receive money for storage. Seeing this I wonder, how are Shift developers integrating their product with IPFS? There must be a level of integration because IPFS is not built with payments in mind, unlike say the Sia network. If this integration somehow works with the existing IPFS network, then maybe Shift has more potential than I initially thought. It would open a massive door to small p2p websites or web applications.\n\nThe source code is mostly JavaScript, using NodeJS. It's very organized. Shift is actually a fork of the Lisk project. Unfortunately Shift developers are not pulling changes downstream from Lisk, which speaks wonders. Not pulling new changes from there means they are disregarding bug fixes, efficiency improvements and features a *much* larger team is pushing out. The biggest feature they will miss out on, I would say the one feature that actually gives Lisk appeal is this:\n\n![](https://steemitimages.com/DQmSVKP7PbZXKpLHbz49h1DWSKoNVGrdSBFgZxKoGVqJNbQ/image.png)\n\nIn no time I have a mental image of the state Shift is in. Shift is alpha software. It is weird to say that because they are built off of Lisk, but all their promises are just non-existent. \n\nTheir Phantom IPFS client is running on a testnet with a proof of concept \"DApp\" running. This is not a distributed application like what Ethereum offers. They call it a \"DApp\" because the application (which is just a web application hosted on a semi-IPFS network) is hosted on many hosts and will eventally use its own sidechain for payments. This is equivalent to me saying Chrome is a DApp because it uses the Internet to access information and applications and you can pay for things using any payment processors put on a web page.\n\n## A developers answers me\n\nOne particular developer reached out to me, Ralf S. He was somewhat helpful answering, but not thoroughly. I have attached the discussion between us for full disclosure as always. These are the questions (and questions to the answers of those questions!) I asked:\n\n1\\. How is Shift tied to IPFS\n> Shift is a fork of Lisk, so a blockchain written in JavaScript, secured by 101+ VPS nodes. It supports decentralized apps (dApps), and the first Shift dapp already runs at out testnet (latest code, different blockchain).  This dApp is called Phantom and brings a UI for file management, directly at the IPFS network. Added content can be resolved from any other node running IPFS. The dapp also includes a wizard to connect your hashes to TLD's.\nThe next step will be a reward system, so all nodes (not only the 101 forging delegates) running Shift software can earn tokens by offering decentralized hosting. Phantom runs it's own sidechain, what makes custom fees, and transaction types possible, without affecting our mainchain.  \n\nHe does not answer me how Shift is tied to IPFS at all. From the sound of it though, they are in fact maintaining their own IPFS fork.\n\n2\\. How does Shift distribute to hosts?\n> Distribute data? through a custom built deamon/api. Distribute Shift tokens? People can forge or buy Shift, and deposit some at the Phantom sidechain.  Multiple nodes will be found there, offering their service for a X fee for hosting (pinning) data, costing Y tokens for Z days. It should be easy to clone that pinned data to multiple nodes at once, without re-uploading.\n\nHere I meant how does Shift distribute its tokens for redundancy storage. He responds:\n\n> \"Distribute Shift tokens yes. If I want to store something on IPFS network, am I just storing it on one node when I pay?\"\nYou can add it to a lot of nodes for free too. But with paying your data will be pinned, so it won't be wiped by the garbage collector from time to time (wipe cache alike)\n\nSo manual redundancy and full copy redundancy.\n\nShift also has no proof of storage implemented right now. You can give a user Shift but there's no guarantee they have kept your data. Ralf says host nodes will have to resolve a hash of the data periodically. This is similar to what Sia does, except providing hashes does not prove data is stored, only its hash. Sia requires a block of data to be sent to the renter in order to verify it in a time frame.\n\n3\\. Does the Shift network make use of the current IPFS network, or its own?\n> The nodes running at testnet share the same network. Because this way the hosted data can be resolved through all other peers too.\nIf we wouldn't ask a fee for pinning data, there would be a risk of people spamming our nodes. So it's important the reward system is ready before we bring Phantom to mainnet.\n\nVague answer to the question - he says it uses the current IPFS network...But if that's the case, what's stopping people from just using free / non-Shift IPFS nodes? I poke a little more, and Ralf says:\n\n> \"Well that's only if IPFS accepts the changes Shift team is doing, right?\"\nWe built our own binary. It's the default IPFS daemon (written in golang, downloaded by our installer) with our enhancements to use it at public VPS nodes.  We might switch to js-ipfs at some point. But go-ipfs offers more at this stage, like publishing hashes for DNS.\n\nSo yes, it looks like my assumptions are correct. In order for Shift to have mass adoption by the current IPFS network they will have to merge code or coordinate together.\n\n4\\. Do those delegates even have the CPU power to handle every transaction on the network?\n> Today the network can handle large amounts of transactions. We could look back how much txs it handled well, when we tested broadcasting a huge amount per block. Do you still have some numbers from your tests @mq?\n\n@mq responds: \n> regarding transactions - currently network can process 25 transactions per block (hard-coded limit) and 1k transactions waiting in queue and network is stable under such load\n> however transaction processing will be rewritten soon\n\nI ask:\n> How long does it take to process 1 block\n\n@mq:\n> on average less that 1 second\n\nHonestly I don't know what to make of this, and can only assume \"this is ok\".\n\n## Final words\nShift has great potiental, but *if and only if* they team up with IPFS. Creating a tight integration with this software is essential to its success. Sia has shown that already, displaying great all-around efficiency.\n\nThis article is brought to you buy http://currypto.club, a premium information service in regards to cryptocurrencies.\n\nLike it? Consider supporting me here on Steemit or there, where I will accept $10 USD in STEEM or any other Poloniex supported currency.",
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steemcreated a new account: @currypto
2017/06/19 17:25:15
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